The Livelihoods funds
Everything started in 2009 in Senegal when Oceanium, a local NGO, Danone and Voyageurs du Monde decided to work together on a vast reforestation project, affecting the lives of 100 000 people through the replantation of 80 million mangrove trees.
The model of change developed in that project was breakthrough. So in order to develop more large-scale projects while minimizing investment risks, Danone invited nine other companies to join forces and created the Livelihoods Carbon Fund. Today the list of investors includes Schneider Electric, Crédit Agricole S.A., Michelin, Hermès, SAP, CDC Climat, La Poste, Firmenich, Voyageurs du Monde. This fund has invested over €40 million to finance nine on-the-ground programs of mangrove restoration, agroforestry and rural energy.