The Bonsucro Impact Fund supports projects that address critical sustainability challenges in the sugarcane sector. Using income from the Bonsucro Credit Trading Platform, our Fund offers our members the chance to apply for thematic grants for initiatives and projects that catalyse sustainable sugarcane production.
What we’re looking for
We want to invest in projects that are collaborative and innovative. All proposed projects put forward must involve at least two organisations – the main applicant, who must be a Bonsucro member, and a co-applicant who does not have to be a member.
Projects also need to have the potential for scale. While the initial project may not impact a huge number of farmers or area of land, we’re looking for ideas that can be scaled up or replicated in other places.
The projects must also take place in one of our priority countries. We are looking to create focused impact in origins that will help us achieve our strategic aims.
How it works
We will publish “Calls for Proposals” on specific themes and invite our members to apply for grants through a competitive selection process. These themes have been carefully selected to ensure align with our strategy.
Because applying for grants can be time-consuming, we have a two-stage application process. The first stage involves preparing a short concept note outlining the project idea. These concept notes are evaluated by the Project Selection Committee, and the most promising ideas are invited to proceed to the second stage – submitting a full proposal, that considers any feedback supplied by Bonsucro.
Once the successful projects have been chosen by the Project Selection Committee and signed off by our Board, we may ask the applicant to make some final improvements to their proposal and budget. This final negotiated proposal and budget will be used to form a grant agreement.
All grant recipients will go through a due diligence process and are expected to respect Bonsucro’s Code of Conduct. Once the project is underway, we will ask for regular updates during the process, the reporting process will depend on the size of grant and length of the project.
Where the money comes from
The Bonsucro Impact Fund creates grants using income from the sale of Bonsucro Credits through our Credit Trading Platform. All trades are charged a transaction fee, around 50% of which in invested into the Bonsucro Impact Fund.
Bonsucro certified producers can sell credits for their sugarcane, raw sugar, ethanol, or molasses. Bonsucro members can purchase credits, whether they are certified against the Chain of Custody Standard or not. This allows buyers to achieve their sustainable sourcing goals while investing in sustainability projects at sugarcane origins.
Two grants are now available for projects that strengthen human rights and promote decent work in the sugarcane sector. Members that are interested in applying can download the call for proposals below and submit their concept notes by 9 September 2022.
If you have any questions about the Bonsucro Impact Fund, please email email@example.com.
|Call for proposals: human rights and decent work||Concept note template||Full proposal template||Project Selection Committee Terms of Reference|
|English download||English download||Download - only available in English||Only available in English|
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