Madagascar Protected Areas and Biodiversity Fund (FAPBM) has received financial support from BRIDGE Project, a joint initiative of the Consortium of African Funds for the Environment (CAFÉ) and the Latin American and Caribbean Environmental Funds Network (RedLAC). This project aims to establish strategic alliances between the private sector and trust funds, such as FAPBM, to address the funding gap in the field of conservation.
Following a call for proposals launched by BRIDGE Project, FAPBM was selected to develop an innovative financial mechanism mobilizing the private sector in support of the country’s protected areas. This mechanism includes the establishment of a corporate fund dedicated to conservation activities and the deployment of nature-based financing
The corporate fund
This fund targets small and medium-sized enterprises wishing to voluntarily contribute to environmental actions, whether as part of their Corporate Social Responsibility (CSR) or not. The collected funds is aimed at strengthening conservation in key areas of Madagascar, covering expertise, capacity building, social enterprise development, and costs related to monitoring and control systems
Nature-based financing
Specifically targeting large businesses, this approach proposes to offset the non-reducible and unavoidable environmental impacts of their projects. Companies bound by their Environmental and Social Management Plan (ESMP) to apply the mitigation hierarchy, including compensation, will be approached by FAPBM to fund nature-based solutions in collaboration with protected area managers.
Nature-Based Solutions (NbS) leverage natural processes to address environmental issues. Protected areas inherently implement NbS such as habitat restoration, community participation, wetland preservation, and reforestation, strengthening ecosystem resilience.
Conservation trust funds, key partners
Implementing environmental projects without adequate expertise poses a major challenge. Partnership with FAPBM offers significant benefits. Recognized as a public utility, it exempts from taxes any corporate donation to it. Its expertise in managing protected areas and mobilizing dedicated funding ensures efficient resource allocation and eliminates the risk of double funding. FAPBM’s collaboration with protected area managers ensures strong technical expertise and reliable funding oversight, ensuring sustainable impacts. Investing in protected areas supported and co-funded by FAPBM guarantees the effective realisation of initiatives.
FAPBM is calling on businesses interested in partnering in the creation of the mechanism.
Fund managed : 50,000 euros
Term : 2023 – 2024
