COLOMBIA: GREEN-BLUE FINANCING MECHANISM STRUCTURATION CONSULTANCY

Project: Americas Flyway Program: Green-Blue Financing Mechanism

Duty Station: Remote

Consultancy Name: Green-Blue Financing Mechanism structuration consultancy

PROJECT BACKGROUND

Latin America is one of the most biodiverse regions in the world. The region is home to 23% of the world’s forests and 60% of global terrestrial and marine life.[1] The Amazon region alone houses 10 % of the world’s biodiversity. Protecting Latin America’s biodiversity is key to meeting global climate goals. The last decades have seen a rapid decline in forest area, with the region losing an estimated 138 million hectares between 1990 and 2020, as well as a steep increase in biodiversity loss.[2] Both phenomena are partly attributable to agricultural expansion and intensification, and a high dependency on natural resources that leads to impacts like vegetation removal, water and soil pollution and contamination. Local and international air pollution also causes environmental concern throughout the region and climate change impacts on coral reefs have been observed.

In the face of mounting pressure on natural ecosystems, GGGI is working on designing, operationalising, capitalising and operating a regional financing mechanism denominated Blue Financing Mechanism to restore and protect critical biodiversity sites via nature-based solutions across 1 million hectares over a 10-year period.

OBJECTIVES OF THE ASSIGMENT

The consultancy requires the following deliverables:

Output/Reporting Requirements/Deliverables:

• Professional with a postgraduate degree (MSc or PhD) in Finance, Business Administration, Economics or other related fields
• At least seven years of experience in green investments, preferably in financial institutions is required
• Thorough understanding of financial/fund mechanisms structuration is required
• Prior involvement in NBS and/or Biodiversity is a strong plus
• Familiarity with LAC public finance ecosystem and policies is a strong plus
• Previous work experience in multilateral development banks is desirable
• Strong interpersonal and communication skills and a proven ability to develop, maintain and enhance relationships with a variety of internal and external contacts
• Understanding of the investment management industry with extensive experience with institutional grade clients
• Complete English and Spanish proficiency

ADMINISTRATIVE INFORMATION

The Consultant reports to the GGGI Project Manager. This is a home-based position.

Date to close is Korean Standard Time (KST). Applications submitted after the deadline will not be considered Application. Cover Letter, and CV must be sent in English. A consortium, or a firm may not be engaged for the individual consultant assignment.

Date to close is listed in Korean Standard Time (KST). Applications submitted after the deadline will not be considered.

A consortium, or a firm may not be engaged for the individual consultant assignment.

GGGI as an institution abides by its project-level Sustainability and Safeguards Rules (SSR) for all projects aligned with international standards for Environmental and Social Safeguards. The SSR is aligned with commonly recognized international standards for Environmental and Social Safeguards (ESS), i.e. the WB Performance Standard, that ensure project level safeguarding of communities and people impacted by GGGI activities. GGGI has integrated project level Environmental and Social Safeguards into its Project Cycle Management (PCM) with mandatory Preliminary Gender and Social Assessments and ESS Screening of all projects to identify and manage risks.

In addition, GGGI’s Gender Equality and Social Inclusion Strategy 2021-2025 provides a framework toward achieving the principle of “Leaving No One Behind” in the transformation towards green growth, guiding GGGI’s approaches to the mainstreaming of gender equality and poverty reduction in GGGI Colombia´s Program. This also includes the implementation of the GGGI Gender Equality and Poverty Reduction Policy Markers on all projects. GGGI’s Corporate Results Framework requires gender disaggregated indicators for participation in GGGI Capacity Building events.

GGGI’s Child Protection Rules and GGGI Rules on Sexual Exploitation ensure safeguarding of children impacted by GGGI activities or in contact with GGGI contracted personnel, with GGGI taking a zero-tolerance approach to child exploitation. GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGI’s Child Protection Policy is written in accordance with the Convention on the Rights of the Child. All procedures mentioned above are accompanied by guidelines and capacity building efforts. GGGI also provides a work environment that reflects the values of gender equality, teamwork, embracing diversity in all its forms, integrity and a healthy balance of work and life. We are committed to maintaining our balanced gender distribution and therefore encourage women to apply. GGGI promotes equal opportunities for all including persons with disabilities.

All GGGI´s policies are available for open consultation under the following link: https://gggi.org/policy-documents/

GGGI is committed to apply transparency and accountability in its decisions and actions, and to practice integrity in all aspects of its operations. GGGI’s anti-corruption policy establishes zero tolerance for corruption and fraudulent, coercive, and collusive practices in GGGI’s operations. The whistleblowing policy is available at the following link https://gggi.org/site/assets/uploads/ 2017/11/Whistleblower-Policy_02072015.pdf

In addition, all GGGI’s policies are available for open consultation under the following link: https://gggi.org/policy-documents/