Press Release: Convergence Provides Funding to Protect Critical Habitat and Advance Sustainable Agriculture in Indonesia
Convergence awards a feasibility study grant to the Wildlife Conservation Society (WCS) to develop a blended finance solution in Indonesia that increases access to credit and training for smallholder coffee farmers to engage in sustainable agriculture — with the end goal of strengthening smallholder livelihoods while protecting critical habitat and preserving biodiversity. This grant is awarded through the Asia Natural Capital Design Funding Window, co-designed with and funded by the RS Group, a Hong Kong based family office.
Commodity driven deforestation is an important driver of tree cover loss in Indonesia. Major gains have been made in reducing deforestation within commodity supply chains in recent years, and the development of new initiatives that support smallholder farmers to transition to sustainable production models are critically important in maintaining this momentum. Investments at the forest frontier, with the right management measures in place, can also play a major role in reducing deforestation and forest degradation. However, these investments are often deemed high risk, meaning they exist outside the scope of traditional investments.
Photo courtesy of Bryon Lippincott.