Mirova Sustainable Land Fund 2

Poor land management, particularly deforestation for agriculture, contributes significantly to carbon emissions, worsening global warming and diminishing land productivity. While sustainable land management (SLM) practices offer climate adaptation and mitigation benefits, they face adoption barriers such as limited financing, high investment risks, low technical capacity, and poor supply chain traceability. Addressing and overcoming these barriers is key to reversing land degradation and promoting sustainable development. The Mirova Sustainable Land Fund 2 (MSLF2) aims to tackle the interconnected challenges of land degradation and climate change by investing in SLM projects in selected countries (Costa Rica, Côte d'Ivoire, Ghana, Malaysia, Morocco, Peru, and the Philippines). It supports reversing land degradation by investing in practices in agroforestry, regenerative agriculture, and sustainable forestry. These approaches will enhance soil health, increase biodiversity, and improve carbon sequestration, making agriculture and forestry more resilient to climate variability and extreme weather events. Employing a blended finance structure, MSLF2 combines public and private capital to mitigate risks and attract private investment in SLM projects.  The fund will offer flexible financing options to small- and medium-sized enterprises and provide technical assistance to help investee companies enhance their investment readiness and operational capacity. This project was brought under the Project-Specific Assessment Approach (PSAA), an initiative to streamline and broaden access to GCF finance for new partners, countries, and technologies.