SINGAPORE — Natural rubber (NR) 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 natural 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 supply 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 Washington D.C.-based WWF t are both members of the multi-stakeholder Global Platform for Sustainable Natural Rubber (GPSNR) and aim to leverage the platform’s technical 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.