Tropical Landscape Finance Facility (TLFF) is awarded Best Impact Finance Facility in Indonesia at the Global Wealth and Society Awards Indonesia 2019
Tropical Landscape Finance Facility (TLFF) received The Best Impact Finance Facility in Indonesia award at the Global Wealth and Society Indonesia Awards 2019. The award ceremony was held in conjunction with a roundtable dialogue on “Property Development in Indonesia: Building a Sustainable City” comprised of impact investors, architects and sustainable experts and investors, at the JW Marriott Hotel, Jakarta, Indonesia.
- Indonesia’s first private sector landscape financing facility at scale
- Creating livelihoods, protecting the environment and operating sustainable business models
- Harnessing partnerships for good
Jakarta, 22 August 2019 – Tropical Landscape Finance Facility (TLFF) received The Best Impact Finance Facility in Indonesia award at the Global Wealth and Society Indonesia Awards 2019. The award ceremony was held in conjunction with a roundtable dialogue on “Property Development in Indonesia: Building a Sustainable City” comprised of impact investors, architects and sustainable experts and investors, at the JW Marriott Hotel, Jakarta, Indonesia.
Standing: Members of the International Advisory Council of the Global Wealth and Society Awards programme; Urs Bolt (L) Gordian Gaeta (Second Left) and Editor Chris Georgiou (R), present TLFF Secretariat Dewi Elyana with the award.
Indonesia’s first private sector landscape financing facility at scale
Tropical Landscape Finance Facility (TLFF) is Indonesia’s first private sector landscape financing facility at scale with a total debt and equity value of over $350 million in three tranches. Currently $95 million has been raised in the first tranche. While investments into landscapes is often overlooked, access to clean water, safe waste management and balancing ecosystems has tremendous potential for multiplier effect.
In its current form as a revolving credit facility from BNP Paribas, the facility securitises the loan and places it in the market.
Social and environmental sustainable impact
The innovative and pioneering fund brings together actors from public bodies, foundations and financial institutions as well as private companies to de-risk private capital and institutional investments into a facility. The focus is on landscapes with the explicit intention of improving livelihoods for the poorest individuals and people who are hard to reach, while protecting the environment and helping to achieve the sustainable development goals.
The facility is designed to help create livelihood opportunities through the production of rubber by revitalizing degraded lands and protecting the remainder. Half of the concession has been set aside for either livelihoods or for conservation activities, which acts as a buffer between the national park and the degraded lands so as to develop sustainable agriculture and renewable energy.
The project will employ 16,000 people, create livelihoods for surrounding communities – with tertiary and secondary benefits spilling over to up to 50,000 people – rehabilitate badly degraded land and protect wildlife conservation areas, while complying with four SDGs. The first 18,100 hectares of rubber were planted on December 2017.
Harnessing partnerships for good
Solving the world’s greatest challenges requires working together and harnessing partnerships that can produce tangible positive results.
TLFF is a facility that BNP Paribas has arranged in partnership with the United Nations Environment Programme, ADM Capital and the World Agroforestry Centre. TLFF’s first project is a sustainable rubber plantation in Kalimantan, Indonesia, owned by RLU, a joint venture between the French multinational tyre-maker Michelin and Barito Group, an integrated energy company.
TLFF launched its Sustainability Notes, through a special purpose vehicle named TLFF I to extend a 15-year loan to PT Royal Lestari Utama, a joint venture between Michelin and PT Satria Cemerlang (Barito Pacific Group).
About Global Wealth and Society
The Global Wealth and Society programme opened in London in 2018 out of the belief that wealth can be a force for good. As such we look for instances everywhere in the world where wealthy individuals, institutions and funds are targeted to make an impact in their local communities or the world at large.
Impact-minded innovative institutions that are well run should be recognised for their contribution to society through their innovative channels of wealth distribution and sustainable ecosystems. Recipients of these awards underwent a stringent and comprehensive evaluation process.
For specific details relating to awards descriptions, evaluation criteria and process, kindly visit http://www.wealthandsociety.com/theglobalwealthandsocietyawards/criteria
For all Wealth and Society Indonesia Awards 2019 photos, please visit https://www.facebook.com/315480569196199/posts/530211401056447?s=1217733620&sfns=mo
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