In December 2014, KfW, the German Development Bank, Conservation International and Finance in Motion set up the eco.business Fund. The Fund´s mission is to “promote business and consumption practices that contribute to biodiversity conservation, to the sustainable use of natural resources, and to mitigate climate change and adapt to its impacts, initially in Latin America and the Caribbean and potentially expanding to Africa”.
The Fund pursues this mission by providing financing and/or technical assistance to qualified financial institutions (FIs) and businesses in four focus areas:
- Sustainable agriculture and agribusiness
- Sustainable fishery and aquaculture
- Sustainable forestry
- Sustainable tourism
USD 748 million cumulative investments made to partner institutions since inception