Regional: Actis Asia Climate Transition SCSp

Project Name
Actis Asia Climate Transition SCSp
Project Number
57210-001
Borrower / Company
  • Actis Asia Climate Transition SCSp
Country / Economy
  • Regional
  • India
  • Indonesia
  • Malaysia
  • Philippines
  • China, People's Republic of
  • Thailand
  • Viet Nam
Location
China - Nation-wide; India - Nation-wide; Indonesia - Nation-wide; Malaysia - Nation-wide; Philippines - Nation-wide; Thailand - Nation-wide; Viet Nam - Nation-wide
Type or Modality of Assistance
Approval Number Facility Fund Source Amount Status
7824 Equity Ordinary capital resources USD 50.00 million Committed
Operational Priorities
  • OP2: Accelerating progress in gender equality
  • OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
Sector / Subsector
  • Finance / Infrastructure finance and investment funds

Gender
Effective gender mainstreaming
Project Sponsor(s)
    Description
    The Asian Development Bank will make an equity investment of up to $50 million in Actis Asia Climate Transition SCSp, a targeted $750 million regional private equity fund that will make growth equity investments in renewable energy, energy solutions, and sustainable transportation companies whose business models focus on decarbonization by avoiding and/or reducing carbon dioxide emissions and that are operating in Asia and the Pacific including India, Indonesia, Malaysia, the People's Republic of China, the Philippines, Thailand, and Viet Nam.
    Objectives and Scope
    Linkage to Country/Regional Strategy

    Safeguard Categories

    Environment
    FI
    Involuntary Resettlement
    FI
    Indigenous Peoples
    FI

    Summary of Environmental and Social Aspects

    Environmental Aspects
    Involuntary Resettlement
    Indigenous Peoples
    Stakeholder Communication, Participation, and Consultation

    Contact

    Responsible ADB Officer
    Torchiva, Kervin John S.
    Responsible ADB Division
    Private Sector Investment Funds and Special Initiatives Division
    Responsible ADB Department
    Private Sector Operations Department

    Timetable for assistance design, processing, and implementation

    Concept Clearance
    26 Oct 2023
    Credit Committee Meeting
    26 Oct 2023
    Approval
    12 Dec 2023
    Last PDS Update
    12 Dec 2023

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    Source URL: https://www.adb.org/projects/57210-001/main