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Fast-Tracking Green Building Climate Resilience

We work alongside partner companies, public institutions and NGOs to invest in Livelihoods Funds, a unique funding model for carbon resilience, supporting sustainable smallholder agriculture with thriving ecosystems and biodiversity.

LIVELIHOODS CARBON FUND

Established in 2011, the Livelihoods Funds attract investors from companies and institutions committed to sustainability. Firmenich has been an investor since the start, alongside eight other companies. The Livelihoods Carbon Fund leverages the carbon economy to finance sustainability projects designed to improve food security for rural communities and increase farmers’ revenues. The fund provides upfront financing to project developers for large-scale implementation and long-term maintenance, with results-based payments for the risks they bear in the form of carbon credits.

LIVEHOODS FUNDS FOR FAMILY FARMING

In 2015, Firmenich joined the Livelihoods Fund for Family Farming (L3F) alongside Danone, Mars and Veolia. L3F focuses on improving productivity, incomes and living conditions for smallholder farmers. With EUR120 million in upfront financing and technical support, this fund seeks to convert 200,000 farms to sustainable farming practices by 2025, reaching five million people.

“Following the success of its first Carbon Fund, we are excited to be investing in Livelihoods’ second one. . With a target impact investment of EUR100 million, this fund aims to improve the lives of two million farmers and reduce carbon emissions by up to 25 million tons over a 20-year period”, Eric Nicolas, Chief Financial Officer, Corporate VP Strategy & Global Services.

From 2018, Livelihoods Second Carbon Fund will invest in ecosystem restoration, agroforestry and energy projects, mainly in developing countries.

INITIATIVE(S)

Building a Resilient Vanilla Supply, Madagascar

The Livelihoods Fund for Family Farming is investing in a large-scale vanilla project to tackle quality and traceable vanilla production alongside food security for farmers and biodiversity conservation. It seeks to reach 3,000 family farms, connecting them more directly to markets. The project will also tackle food security with a special focus on rice production, as well as crop diversification for a more balanced daily food intake for farmers. Our CEO Gilbert Ghostine went on a field trip this year to see first-hand the positive impact of this project, alongside Victoria Mars, Board Member, Mars Inc and Emmanuel Faber, Chairman and CEO, Danone.
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