WWF llama a convocatoria para consultor senior en finanzas sostenibles | WWF

WWF llama a convocatoria para consultor senior en finanzas sostenibles

Posted on
13 septiembre 2017

Terms of reference (TOR)

I. Tendering organization 
WWF is the world’s largest conservation organization with 5 million supporters and a global network of offices and partners operating in more than 100 countries. WWF’s mission is to conserve the world’s biological diversity, to ensure that the use of natural resources is sustainable, and to make consumption more sustainable.
The Collaboration for Forests and Agriculture (CFA) is a new regional partnership supported by the
Gordon and Betty Moore Foundation, and led by the National Wildlife Federation, TNC and World
Wildlife Fund. CFA seeks to eliminate the loss and degradation of forests and other natural habitat that result from beef and soy production originating from the Brazilian Amazon and Cerrado, and the Chaco region of Argentina and Paraguay. CFA is working with key market actors, including corporations across the value chain, financial institutions, and others to create a systemic, industry shift towards responsible beef and soy value chains.
The Conservation and Financial Markets Initiative (CFMI) is also a new regional partnership supported by the Gordon and Betty Moore Foundation, and led by the World Wildlife Fund, Ceres and WBCSD. CFMI intends to mainstream sustainability/ESG in financial markets’ and companies’ decision-making alike. The Initiative aims to effect change at scale, recognizing that the rate of natural resource degradation and destruction must be slowed sharply in order to achieve meaningful conservation outcomes. CFMI will leverage emerging signs that major food companies have begun to change their practices in favor of improved environmental management. It stipulates that these changes can be accelerated and broadened across industries if mainstream capital markets become aligned with sustainability and conservation objectives. CFMI will therefore work to introduce systemic changes built around transparency and governance that lay the foundation for a strong business case for sustainability in corporate decision making as well as capital allocation.
II. Purpose 
The production of beef and soy in key Latin American regions is the leading cause of deforestation and other key environmental impacts. The Gordon and Betty Moore Foundation (GBMF) has launched a significant new market based initiative in order to make the production of these two commodities more sustainable. Through CFA and CFMI, this group wants to understand better the role of finance in the expansion of these industries and to ultimately redirect the financial flows to sustainable production.
This work is related to CFA, Sub-outcome 3.1, on Public and Private Finance: Target FIs shift a meaningful percentage of capital available to primary processing and production linked to zero deforestation production, legality and land saving practices. 
This work also contributes to CFMI, Sub-outcome 1.3, on Public Finance: Public finance institutions, including Central Banks, State-Owned Banks, relevant government Ministries, and relevant Development Finance Institutions (DFIs) engage in incentivizing and supporting a transition to verified, legal and sustainable production levels, practices, and interventions in agriculture and seafood. 
III. Background
  • The main drivers of deforestation in Latin America are cattle ranching and agriculture, particularly the production of soy.
  • The region of key concern is the Chaco.
  • The focus of the consultancy is to develop a strategy that will effectively align public and private capital in Paraguay to eliminate land use changes in the Chaco through soy and beef production.
IV. Objectives 
By February 2018, the consultant will have contributed to the following project objectives:
  • The Central Bank of Paraguay have all relevant international and local information needed to understands the environmental and social risk associated to the expansion of agriculture based on habitat conversion and is able to set up strategies, policies and regulations to monitor, evaluate and if needed reduce ecosystem conversion within its financial portfolio;
  • Public banks and credit institutions, such as Banco Nacional de Fomento (BNF) and Crédito Agrícola de Habilitación (CAH), are engaged in discussions about their role in halting ecosystem conversion;
  • Agencia Financiera de Desarrollo (AFD) gets specifics recommendations to implement actions to distance their investment portfolio from ecosystem conversion;
  • At least one public finance institution commits to more sustainable finance of the agricultural sector;
  • Target ministries within the Government of Paraguay commit to address zero deforestation risks and opportunities
V. Activities 
1) Facilitate all international and local information available regarding environmental and social risk management for the financial sector, specifically for agriculture in Paraguay. The information should be related at least to finance, potential markets and verification systems.
2) Map public policies that undermine sustainability in Paraguay and propose solutions;
3) Identify Central Bank of Paraguay's regulation practices related to sustainability and deforestation and constructively propose improvements.
4) Develop a public finance engagement strategy for public banks and development financial institutions.
5) Engage public financial institutions toward zero conversion commitments.
6) Develop a risk management strategy necessary to shift public FIS toward zero conversion and guide the necessary improvements in tools.
7) Engage target ministries (SEAM and INFONA) to facilitate an exchange of information with public and private FIs necessary for their social and environmental risk analysis
VI. Deliverables 
 A detailed workplan for project deliverables for WWF approval.

2. Engagement strategy targeting:
2.1 Key ministries (SEAM and INFONA) with work schedule for validation by WWF;
2.2 Public banks and development financial institutions, with work schedule for validation by WWF

3. Report mapping public policies that undermine sustainability in Paraguay; identifying Central Bank's regulation practices related to sustainability and deforestation; identifying barriers to zero-conversion credit lines; a comparison of different polices and regulations applied in other countries and possible applicability and impact evaluation to the financial sector in Paraguay, and potential solutions for zero conversion each of these areas.

4. A report detailing a risk management strategy to combat ecosystem conversion, including proposals for usage and improvements of monitoring tools for validation by WW.

5. Three activity (progress) reports, including progress toward goals and challenges, and a final report, against that workplan, especially: reports of meetings and other actions to engage Paraguayan Central Bank and public banks toward implementing and monitoring zero-conversion commitments.

6. Contributions to the private finance engagement strategy, focused on the role of financial and capital sectors in combating ecosystem conversion including:
  • A detailed engagement strategy to move financial funds toward zero-conversion commitments; and
  • Strategic contributions to communication assets that facilitate effective engagement with Paraguay Financial Institutions on researches and benchmarking of tools, platform and commitments produced for CFA and CFMI.
VII. Supervision
WWF-Paraguay will supervise the work.
VIII. Requirements
  • Proven knowledge of public and private financial institutions.
  • Excellent contacts with relevant FIs and other key individuals and institutions.
  • Excellent spoken and written English and Spanish.
Obs.: Applications from individual consultants and / or team of consultants will be accepted.
IX. Conditions for application
Submit an intention letter, workplan, budget and curriculum vitae to: acano@wwf.org.py with copy to contrataciones@wwf.org.py until September 24th,2017.
X. Budget—will vary depending on the scope of the work
  • US dollars.
  • All deliverables must be submitted or translated into English in addition to Spanish.
  • Estimated working time will depend on the scope of the overall work product that the institution is capable of delivering. The goal is to finish the work within 3-5 months. Timelines will be reviewed with the consultant once the contract is signed.

XI. Payment terms
1. Detailed work plan that meets the TOR with clear deadlines (October)

2. Engagement strategy for ministries, public Banks and development financial institutions (October)

3. Draft of public policies report as described on Activities 1, 2, and 3 + First progress report (November)

4. Final public policies report as described on Activities 1, 2, and 3 + Second progress report (December)

5. Risk Management report as described on Activity 6 + Third progress report (January)

6. Final Report detailing all the engagement activitie