Interact Climate Change Facility
Introduction
European Financing Partners (EFP), together with Interact Climate Change Facility (ICCF), is a joint financing platform created by European Development Finance Institutions to contribute to job creation and climate change mitigation through investments in developing countries. Investments are made in Africa, the Caribbean and the Pacific.
Swedfund's investment within the framework of the ICCF platform contributes to the implementation of more joint energy and climate projects in developing countries, primarily to increase access to renewable energy.
Co-investors include BIO, COFIDES, DEG, Finnfund, FMO, IFU, OeEB and PROPARCO.
Read more in our press release: Investment from Swedfund at EFP/ICCF for jobs and climate
Facts
SDG in Focus
No Poverty
End poverty in all its forms everywhere.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Climate Action
Take urgent action to combat climate change and its impacts.
Value creation
Our Impact
Contributing to the development of the renewable energy sector in Africa and Southeast Asia, increasing access to reliable and renewable energy and helping to reduce CO2 emissions.
ESG
During the holding period, there has been regular co-operation between Swedfund and the financial institution regarding the management of environmental and social issues.
Additionality
Our investment is financially additional in that it takes place in a challenging context and business environment, where poverty rates are high and the risks are great. The investment is expected to contribute to capital mobilisation. The investment is value additional by prioritising the environment and sustainability.