hummingbirds-Gondwana (Gondwana)
Introduction
Swedfund has invested EUR 15 million in hummingbirds-Gondwana (Gondwana), a new platform that finances nature-based solutions.
The investment will support restoration and protection of forests and coastal ecosystems, as well as sustainable land use and clean cooking solutions, while creating jobs and income opportunities in rural communities.
Read more in our press release: Swedfund invests EUR 15 million to scale nature-based climate projects in Africa, Latin America and Southeast Asia
85 % of the investment is covered from EDFI Carbon Sinks Platform, a guarantee managed by EDFI Managment Company and funded by the European Union under the EFDS+ programme, as part of the EU's Global Gateway strategy.
Facts
SDG in focus
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
No Poverty
End poverty in all its forms everywhere.
Reduced Inequalities
Reduce inequality within and among countries.
Gender Equality
Achieve gender equality and empower all women and girls.
Sector
Energy & Climate
Within the Energy & Climate sector, Swedfund only invests in renewable energy sources. The expansion of sustainable energy supplies requires a broad approach and innovative solutions.
Value creation
Impact
The investment contributes to carbon sequestration and avoided emissions through restoration, protection and sustainable management of forests and ecosystems in the tropical belt. It helps prevent and reverse nature loss, strengthens natural climate buffers, and supports more resilient livelihoods and reduced poverty in vulnerable communities through jobs, training, income opportunities and women’s economic empowerment.
Additionality
The investment is additional by providing capital to a growing sector and to projects targeting underserved geographies and population groups. It also strengthens environmental, social, impact and integrity systems and standards, supporting community development and positive climate and nature outcomes.
ESG
Requirements
In line with Swedfund’s Policy for Sustainable Development, the portfolio company is required to materially comply with, inter alia: (i) all internationally recognised human rights (ii) the EDFI harmonized exclusion list and EDFI Fossil Fuel Exclusion List, (iii) local environmental, health & safety and labour laws and regulations, (iv) applicable IFC Performance Standards, (v) the ILO’s Declaration on Fundamental Principles and Rights at Work and the ILO’s Basic Terms and Conditions of Employment.
ESG Risk
E&S risk categorisation is High Risk (A), based on inherent environmental and social risks in forestry and nature‑based solutions, particularly related to land rights, community impacts and biodiversity.
ESG Mitigation Measures
Swedfund supports the company in strengthening its environmental and social management system (ESMS), improving human rights due diligence and ensuring that carbon projects comply with applicable IFC Performance Standards.
Applicable IFC Performance Standards
IFC Performance Standards (PS) 1–2 are applicable at company level, and PS 1–4 at project level.
Whistleblowing channels and Grievance Mechanism
Swedfund’s whistleblowing services can be used by employees, contractors and others at Swedfund, and by the companies and funds in which Swedfund invests. The complaints mechanism can be used for all types of complaints concerning Swedfund and Swedfund’s portfolio companies, but not for complaints concerning individuals as a result of restrictions arising from data protection legislation. 🔹 Link in website footer.
Other investments within
Energy & Climate