Home Global rubber market news NR supplier Halcyon Agri, WWF to set up rubber trust fund

NR supplier Halcyon Agri, WWF to set up rubber trust fund

0
18

() supplier Halcyon Agri Corp. Ltd. and World Wildlife Fund (WWF) are joining hands to set up a “rubber trust fund” (RTF) to help enhance the sustainability of rubber.

Supported by the Conservation Finance Alliance (CFA) Incubator grant, the two parties will develop a “first-of-its-kind financial mechanism model” that will drive sustainability in the NR chain, CFA said.

The project will seek to offer “transparent, trustworthy and efficient financial solutions” to farmers and rubber supply chain actors and is expected to engage the “entire sector” in addressing supply-chain risks.

Singapore-based Halcyon Agri and D.C.-based WWF t are both members of the multi-stakeholder Global for Sustainable Natural Rubber (GPSNR) and aim to leverage the ’s and financial reach throughout the supply chain for the project.

The CFA Incubator seeks to identify, support and promote ‘innovative’ ideas to conservation finance challenges that have significant positive conservation impacts. The amount of the grant was not disclosed.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here