USAID Green Invest Asia Year 6 Workplan 2023

The Activity aims to mobilize $200 million of investment in agriculture and forestry businesses with climate-smart production practices, resulting in a reduction or avoidance of 25 million metric tons of greenhouse gas emissions (CO2e) equivalent over 15 years. The Activity's approach is applied along two tracks. One track is directed at supporting transactions between investor(s) and a sustainable agriculture or forestry business, while the second track is focused on influencing systemic change through the creation of ripple effects in sectors that are major contributors to deforestation and degradation of land. Key milestones for Year 6 include reducing or avoiding 8.1 million tons of greenhouse gas emissions CO2e through 15 years as a result of investments, and mobilizing $79 million of investment for sustainable landscape businesses. Over five years, the Activity has already doubled the emissions reduction target and exceeded the improved land use targets by 28 percent. $106.5 million USD has been mobilized, and 57 active projects have been implemented following 50 signed Memoranda of Understanding (MOUs) to date. The Activity has provided or completed Technical Assistance (TA) for 34 partners to improve land use, conduct carbon assessments, provide financial advisory, and advise on sustainability policies. Key achievements in Year 5 include additional investment of $64.5 million, partnering with Nestle-JDE and 11 coffee supplier partners to establish carbon footprint baselines for Robusta coffee production, and signing 10 additional companies to the Sustainable Coconut Charter. The Activity has also maintained a high virtual presence with 10 events joined by 1,138 participants. The Activity supports the Regional Development Cooperation Strategy (RDCS) through partnerships with the private sector to reduce the impacts of climate change, a regional development challenge. The Activity partners with investors to accelerate regional investment portfolios in nature-based solutions, partners with Multinational Corporations (MNCs) to assist them in reducing deforestation in regional supply chains, and strengthens regional platforms for pre-competitive collaboration among private sector companies. The Activity's approach is applied in Malaysia, where it has already doubled the emissions reduction target and exceeded the improved land use targets by 28 percent. The Activity has mobilized $106.5 million USD, implemented 57 active projects, and provided or completed TA for 34 partners to improve land use, conduct carbon assessments, provide financial advisory, and advise on sustainability policies. The Activity's influence on sustainable sourcing strategies is evident in its achievements, such as the first global Sustainable Coconut Charter, partnership with world's top coffee traders, and partnering on carbon reduction strategies with top commodity buyers/processors. The Activity continues to target the business and investor community to increase demand and raise understanding of how to address obstacles to systemic change. The Activity's workplan for Year 6 includes achieving 49 total MOUs/partnership agreements with MNCs/companies throughout the life of award, implementing 15 business projects total through the life of award in land-use mobilize investments, and co-organizing or contributing to six platform events on sustainable land-use and management. The Activity's approach is focused on creating systemic change in the land use sector, influencing sustainable sourcing strategies, and mobilizing investment in agriculture and forestry businesses with climate-smart production practices.