Convergence, together with RS Group, a family office based in Hong Kong, launched the Asia Natural Capital Design Funding Window in 2019, with the objective of supporting the design and launch of catalytic blended finance solutions focused on natural capital in Asia. At the time of launch, the Window was the first of its kind focusing on NbS in Asia and allowed both Convergence and RS Group to test out how blended finance can advance the field of natural capital and build the blended finance and natural capital investment ecosystem.
The objective of this report is to distill successes and lessons learned, as well as provide key take-aways for both practitioners and potential funders/programs who are interested in the space. This report also serves as a Completion Report to the Window which successfully operated for a period of 3 years from November 2019 to December 2022.
Have a natural capital-focused finance solution? The second cycle of our SDG Impact Finance Initiative Window is currently accepting concept notes for impact finance solutions focusing on SDG 14 (Life Below Water) and SDG 15 (Life on Land) until May 8, 2023.