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United Nations Department of Economic and Social Affairs Sustainable Development

Corfina Capital Green Fund

    Description
    Description
    The objective of the Corfina Capital Green Fund is to lay the basis for the Indonesian Financial market to make a transition to a low carbon, resource efficient and climate resilient development path delivering high impact economic, environmental and social benefits. The Corfina Capital Green Fund aims to provide catalytic finance to facilitate investment in green initiatives that will support The Indonesian Financial market transition towards a green economy.
    Expected Impact

    The Fund defines "green" investments to include securities of companies that develop or provide products or services that address environmental solutions and/or support efforts to reduce their own environmental footprint; companies that support environmental projects; structured securities that are collateralized by assets supporting environmental themes; and securities that, in the opinion of the Fund's Advisor, have no more than a negligible direct environmental impact, which may include securities issued by the state owned or local government owned entities. The Fund uses an active trading strategy, seeking relative value to earn incremental income. Integration of climate change risks and opportunities into investment strategies; Restructuring the processes within the investment chain to better account for systemic long term risks; and Implementing systems to check that the processes in place are sufficient to manage climate change risks and opportunities on an ongoing basis.

    Capacity

    Development of a capacity-building strategy and consequent implementation plan that makes use of techniques such as (but not necessarily limited to) secondments, coaching, mentoring, workshops, courses, training materials, social media and other forms of exchanging and transferring best practices. PT. CORFINA MITRA KREASI will bring and introduce other fund from abroad in the same nature like Corfina Capital Green Fund to intensify the cross border knowledge transfer and capacity building for all stakeholders. The exchange should be inclusive and using SOCENTIX web based channel to support its inception and implementation.<br />
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    Governed

    The Fund's investment process is enhanced by the CORFINA CAPITAL integrated investment research, which seeks to add value by complementing traditional fundamental security analysis with the CORFINA CAPITAL proprietary assessment of critical environmental, social and governance ("ESG") issues. The Fund seeks to apply ESG integration across sectors and holdings as part of its risk and opportunity assessment. The Corfina Capital Green Fund is a family of sustainable mutual funds, venture capital-type funds and also private equity type of fund. The funds were conceived in response to the expanding acceptance to investing with a triple-bottom line approach: The creation of positive financial, social, and environmental benefits.Each fund will incorporate an element of sustainability, social responsibility and/or have at its core the mission and value set of its unique investor base. These funds will truly meld social and financial returns. The Corfina Capital Green Fund is additional and complementary to existing fiscal allocations provided by the government of the Republic of Indonesia, voluntary Carbon Offset Mechanism and Social Carbon financing structure. <br />
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    Partners
    PT. CORFINA CAPITAL registered under the authorization of Indonesian Financial Services Authority (OJK, Otoritas Jasa Keuangan) licensed in 2003 and based in Jakarta. PT. SOCENTIX a green IT company established since january 2012. PT CORFINA MITRA KREASI a boutique investment advisory firm established in Indonesia since 1998. PT. SUCOFINDO SUCOFINDO, which is the first inspection institution in Indonesia and was established on October 22, 1956. The Indonesian government is the major shareholder with 95 percent ownership, while the Societe Generale de Surveillance Holding SA (“SGS”) holds the remaining 5 percent. KSU BALI ANYAR (Koperasi Serba Usaha BALI ANYAR) a cooperative based in Denpasar, Bali, Indonesia.
    N/A
    Corfina Capital Green Fund (CCG Fund)
    Indonesia International Impact Fund (I3F)
    Indonesia International Climate Clearing Fund (IICL Fund)
    Indonesia International Institute for Urban Resilience and Infrastructure Fund (I3URI Fund)
    Financing (in USD)
    200000000
    In-kind contribution
    Corporate Social Responsability (CSR) Partnership
    Staff / Technical expertise
    Academics network (students, reseachers) and cross borders advisory network
    Other, please specify
    Creating a SPV to handle the securitization of asset to issue
    Other, please specify
    Creating a SPV to handle the securitization of asset to issue
    No progress reports have been submitted. Please sign in and click here to submit one.
    False
    This initiative does not yet fulfil the SMART criteria.
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    Timeline
    21 November 2014 (start date)
    06 November 2015 (date of completion)
    Entity
    Corfina Capital
    Goals
    N/A
    Geographical coverage
    Jakarta, Indonesia.
    More information
    Countries
    N/A
    Contact Information

    David Darmawan, Associate director, PT Corfina Capital