IFACC Initiative

IFACC Initiative

Atividades de organizações sem fins lucrativos

Scaling-up the commitment and implementation of financial mechanisms for deforestation- and conversion-free agriculture.

Sobre nós

IFACC is a collaborative initiative, launched in Glasgow in November 2021, by The Nature Conservancy (TNC), Tropical Forest Alliance (TFA) hosted by the World Economic Forum, and the United Nations Environment Programme (UNEP). The initiative brings together complementary capabilities, to scale up financial mechanisms such as farm loan products, farmland investment funds, corporate debt instruments and capital market offerings. To expedite progress on this front, there is an estimated need for as much as $30 billion in these sectors over the course of the decade, versus hundreds of millions available today. IFACC is working to accelerate financing in two ways: 1. IFACC unites leading banks, companies, investors, asset managers, to signal a collective commitment to lend, and invest more in the area of sustainable production. It also facilitates transparency on individual commitments from each signatory on their contribution towards expanding finance in the key sectors. 2. IFACC works with signatories to implement and scale up new finance mechanisms - including support on environmental and social management; connections to concessional capital groups and other capital providers for the longer-term and patient capital needed for these transitions; sharing insights about industry best practices, and leveraging data and studies on the business case and impacts. IFACC has been endorsed as a catalytic Initiative by the CEO Principals of the Glasgow Financial Alliance for Net Zero (GFANZ), the global coalition of leading financial institutions committed to accelerating the decarbonization of the economy, chaired by Mark Carney the UN Special Envoy on Climate Action and Finance and anchored in the UN’s Race to Zero campaign.

Setor
Atividades de organizações sem fins lucrativos
Tamanho da empresa
2-10 funcionários
Sede
Sao Paulo
Fundada em
2021

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