Amazon: They will invest more than S$300 million in sustainable businesses | gear

In order to counter climate change and promote economic activities that are committed to preserving our country’s biodiversity, the Amazon Business Alliance will invest more than 300 million soles in sustainable businesses, which will directly benefit the Amazon people who preserve forests.

With support from the United States Agency for International Development (USAID), the Government of Canada and Conservation International, the Amazon Business Alliance is a new platform that seeks to join public and private sector efforts to promote sustainable investments in the Amazon region. Peru, with the aim of contributing to the achievement of national climate goals and sustainable development goals.

To implement it, there is an initial funding of 100 million sole and an additional 200 million sole is expected to be invested in sustainable business through two financing mechanisms: donations and loans available at competitive interest rates.

“This platform is a commitment to the Amazon, its sustainable development, and the generation of opportunities for economic growth while respecting the environment. We seek to improve the green business environment, so you can grow,” explained Luis Espinel, Vice President of Conservation International in Peru.

Women’s business

The coalition proposes economic development based on the sustainable use of natural resources, on the basis of a gender, cultural and rights approach, and the promotion of an appropriate relationship with the local population, especially women and indigenous peoples, to ensure their effective participation in decision-making and in building relevant and inclusive public policies.

One of the pillars of the Alliance is to increase women’s participation in business, and enhance their economic autonomy to achieve a more equal and respectful society. In this sense, the alliance will promote women-led businesses, and increase and improve their entrepreneurial skills.

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The alliance is already present in these areas

The Alliance Business for the Amazon seeks to restore and restore more than 20,000 hectares of forests and contribute to the sustainable management of another 60,000 hectares, and promotes initiatives in the regions of Madre de Dios, San Martín, Huánuco and Ucayali, where there are agreements between institutional cooperation with relevant regional governments, enabling It will allow the alignment of public and private investment priorities.

In the coming months, it will expand its reach into the Amazonas, Pasco and Loreto regions. With the aim of facilitating the expression and generation of synergies, and enhancing technical and innovative capabilities.

The first group of companies that are part of this alliance include Starbucks, BHP Foundation, Virdis Terra, Aje, Shanantina, Rainforest Expeditions, among others.

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Aileen Morales

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