Michael Young From Komfie Manalo, Opalesque Asia:
Sustainable Capital Luxembourg S.A, - Advisor to the Sustainable Resources Fund, wants to live upto its name. In an interview with Opalesque Radio, Michael Young, Director at Sustainable Capital Luxembourg S.A said the fund has "solutions in place" to address the issue of land grabbing and proper land use for all its portfolios.
The recently launched fund wants to invest in sustainable agriculture and agroforestry as an asset class and therefore wants to protect its investments by protecting the environment. "We do not invest in any species that damage the land because that will make our investment unsustainable," Young said and added, "Our clients will not invest in funds that are based on speculative returns that damage the environment. That is not what we are trying to achieve."
Commenting on the issue of land grabbing especially in Africa where an estimated land area the size of France is now being controlled by hedge funds, Young said he and his team have been working with the locals in Guinea, West Africa and in Sierra Leone to reach a mutually-acceptable and beneficial agreement regarding land use. According to Young, his fund is looking to lease at least 100,000 hectares of land in the region. Which is why they spent three years liaising with the locals over a land lea......................
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