“June 10, 2021, Zurich, Switzerland – WWF and South Pole today launched the Landscape Resilience Fund (LRF) to tackle the impact of climate change head-on. With the support of the Global Environment Facility and the commitment of Chanel as anchor investor, the fund is ready to rally more institutions to invest in a resilient future.
The LRF, which will be managed by South Pole, was co-developed by South Pole and WWF. The new fund is an independent non-profit foundation under Swiss law and is driven by the objective to generate the maximum possible level of environmental and social impact. Anchor investor Chanel is committing USD 25 million to complement finance from the Global Environment Facility’s Least Developed Countries Fund and Special Climate Change Fund.
The LRF aims to mobilize USD 100 million by 2025 for climate adaptation projects that support more sustainable agricultural and forestry supply chains and that protect smallholder farmers in developing countries. Smallholders produce roughly 80% of global food supply. They play a critical role in ensuring the resilience of corporate value chains against external shocks. They are also the most exposed to the natural hazards of a warming world, putting entire economies in peril and risking the breakdown of global food supplies.”
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The Global Environment Facility is a partnership for international cooperation in which 183 countries work together with international institutions, civil society organizations, and the private sector to address global environmental issues.
World Wildlife Fund is proud to be accredited as a GEF Project Agency.