Stanford Social Innovation Review features GFF
An article in the latest edition of the Stanford Social Innovation Review (Winter 2021 edition) gives insight into the valuable contribution of the Good Fashion Fund. “The Fund’s particular marriage of environmentally mindful technology and textile production fills a significant gap in the impact investments in the fashion industry, states director Bob Assenberg.”
Read the full article: The Future of Fashion
AGRI3 Fund closes transactions in Brazil and China
22 December 2020
The AGRI3 Fund, initiated by UN Environment Programme (UNEP) and Rabobank, has just closed two transactions with de-risking by the fund in China and Brazil. The investments of the fund focus on farms that pursue more sustainable practices, including forest protection and improving rural livelihoods. FOUNT.eu, Mirova and Cardano Development worked together as investment advisors to these transactions of the AGRI3 Fund.
The investment in Brazil (USD 5 mln, 10 years) is linked to forest protection and renovation of degraded pastureland in Mato Grosso. This investment will make it possible for Grupo Carvalho Dias in Brazil to grow more sustainably. A new transaction provides financing for forest replanting, forest protection (2581 ha) and renovation of degraded pastureland (1200 ha) in line with recognized E&S guidelines, which will enable cattle growth without clearing new land.
The investment in China (USD 10 mln, 3 years) is linked to sustainable pepper farming in the larger Chongqing region. By providing access to financing, training and high-quality inputs and by selling at a guaranteed price, this loan helps to enable farmers to switch from poor yielding crops to more lucrative and sustainable pepper cultivation. This can increase the income of potentially 80,000 farmers.
Read the full press release of The Rabobank:
Rabobank closes transactions with de-risking by AGRI3 Fund
BIX raises support to C-Quest to scale-up
30 November 2020
Innovative investment vehicle BIX Capital has provided an Impact Receivables Finance Facility to C-Quest Capital (CQC) to the amount of US$ 2.75 million. CQC is a diversified impact-investment enterprise, focused on providing the poorest communities in developing countries with clean sustainable energy supplies and technology. CQC specializes in tailor made solutions to meet their client’s carbon neutral and sustainable development objectives. The impact ambitions of CQC and BIX Capital to improve the lives of those at the base of the pyramid are highly complementary.
Read the press release BIX Capital provides additional support for C-Quest Capital to scale-up
Good Fashion Fund in 'De Dikke Blauwe'
18 November 2020
De Dikke Blauwe is a Dutch booklet in which grand benefactors within the philanthropic, cultural and art sector are represented. The Good Fashion Fund could not be absent. The Fund aims to significantly improve a positive impact of apparel manufacturing along the Five Goods: Good Energy, Good Water, Good Materials, Good Lives and Good Economy.
Read more in the article Kleding met impact.
AGRI3 Fund launches new website
September 30, 2020
The AGRI3 Fund, a partnership between UN Environment, Rabobank, Dutch Development Bank (FMO) and IDH The Sustainable Trade Initiative, has launched its new website. The ambition is to unlock at least USD 1 billion in finance towards deforestation-free, sustainable agriculture and land use. FOUNT acts as investment advisor of the AGRI3 Fund, together with Mirova Natural Capital and Cardano Development.
Good Fashion Fund welcomes Rabobank
The Good Fashion Fund welcomes Rabobank as an investor to the fund. Launched in September of 2019, Rabobank is the first senior debt investor to the fund and joins Laudes Foundation (formerly C&A Foundation) and the Mills Fabrica as co-investors in the first investment fund focused solely on driving the implementation of innovative solutions in the fashion industry.
Forbes India features Good Fashion Fund
The current processes in garment supply chains have severe negative environmental and social impacts. The Good Fashion Fund addresses this problem by implementing innovative solutions.
Director Bob Assenberg explains in an interview with Forbes India how the Good Fashion Fund works and what it hopes to achieve: “We look for at least 50 percent improvement compared to baseline for one of the three environmental elements (water, energy and materials).”
Please check out NEW report by our partner Fashion for Good on Financing the Transformation in the Fashion industry via the link below:
View the full report here.
FOUNT investment advisor for AGRI3 FUND
We are very proud to announce our investment advisor role for the AGRI3 Fund, jointly with Mirova Althelia and Cardano Development. Today the Dutch government and Rabobank announced their anchor investments in AGRI3 Fund at the World Economic Forum in Davos. The AGRI3 Fund is an unique fund that contributes to forest protection and finance sustainable agriculture at scale whilst improving rural livelihoods in emerging markets.
Please see the press release here
C&A Foundation and FOUNT call for proposals for a Developmental Evaluation of the Good Fashion Fund.
C&A foundation and FOUNT are looking for an Evaluation Team to perform a Development Evaluation of the Good Fashion Fund of which we are the Fund Manager.
Read the request for proposal here.