Share the page
Integrating the impact of climate change in Ashmore’s operations
Project
-
Signature date
-
-
Location
-
Colombia
-
Financing tool
-
Financing amount (Euro)
-
67771
-
Financing details
-
USD 70,000 of technical assistance (out of a total of USD 140,000 (USD 70K PROPARCO and USD 70K DEG-Impulse))
-
Customer
-
Ashmore Management Company Colombia
-
Type of customer
-
Company
-
Country of headquarters
-
Colombia
-
Project number
-
PCO1022
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco and DEG are providing technical assistance to Ashmore Colombia to help it integrate climate change in its investments and assessments.
Client presentation
Ashmore Management Company Colombia SAS is a fund management company set up in October 2019 through a partnership between Ashmore Group and the Colombian investment bank Inverlink. Ashmore Group is specialized in fund management in emerging markets. Ashmore Colombia was one of the first funds to respect the Equator Principles and IFC’s Performance Standards.
Project description
Ashmore Colombia wishes to align its investments with the principles of the Paris Agreement. The project will support and equip Ashmore Colombia through technical assistance, so that it can integrate the impact of climate change in its operations and its assessment process for its investments.
Project impact
'The expected impacts of the technical assistance project are as follows:
- Implementation of a tool to calculate the carbon footprint of investments
- Implementation of a tool to verify the Paris alignment of investments
- Implementation of a climate reporting tool
- Teams trained in how to use the tools.