In accordance with SDG 13 related to Climate Action, one of FMO’s strategic objectives is to move to zero emissions by 2050. About 20% of annual global GHG emissions are related to deforestation and forest degradation and form a severe threat to long-term sustainable development. Investment in the Forestry sector therefor offers a good opportunity to contribute to FMO’s strategic objective as it is regarded green and has a strong carbon sequestration capacity meaning negative emission potential.
FMO requires all their forestry clients to be FSC/PEFC certified, which specifically safeguards responsible forest management and includes for example :
1. Preservation of waterways with bufferzones,
2. Respect of land ownership and landuse by local population and specifically indigenous peoples,
3. Respecting workers rights,
4. and maintenance of High Conversation Value (HCV) areas.
The forestry program will also bring considerable positive impacts regarding decent work and economic growth (SDG 8) and reducing inequalities (SDG10). This means strengthening local economies by stimulating local markets and investment in basic infrastructure i.e. roads
See link for more information: https://www.fmo.nl/news-detail/9fcf9ba8-9ed6-477f-b9cc-284730fb9b95/fmo-launches-global-forestry-program-to-mitigate-climate-change-with-west-african-and-se-asian-investments