Jurisdictional Eligibility Criteria Assessment of Indonesia for the &Green Fund
Client(s):
&Green
Location:
Indonesia
Dates:
2019 – 2022
Background:
&Green investments are intended to mitigate the environmental risks to commercial investors, commodity players, and consumer goods companies through strong financial and environmental instruments and covenants by leveraging private sector investment. The Fund takes a landscape approach to the conservation of forests or peatlands such that investments support the investee company in developing and implementing a plan to protect the wider landscape around the production area with the inclusion of other stakeholders on the landscape. The Fund only invests when the jurisdiction (country, region, or province) where the investment is located meets the five Jurisdictional Eligibility Criteria (JEC) of the &Green Fund.
Services Provided:
Hatfield Indonesia conducted the Jurisdiction Eligibility Criteria (JEC) Assessment for the Republic of Indonesia in 2019 and a re-approval process for the JEC Assessment in 2022. The activities included:
- Review the amount and quality of forest and/or peatland potential of the jurisdiction to determine if it is significant and highly relevant to conservation and climate change mitigation grounds from a global perspective.
- Review the quantitative target against historic rates of deforestation, which reflects or goes beyond established national targets.
- Review progress towards milestones indicated in the jurisdiction’s strategy.
- Review the monitoring, reporting and verification (MRV) system in reducing deforestation, forest and peat degradation in Indonesia.
- Review the social and environmental risks associated with implementing the jurisdiction’s strategy.
