The Land for Life Programme was launched at the tenth UNCCD Conference of the Parties (COP10) in 2011 in the Republic of Korea as part of the Changwon Initiative. The Programme seeks to address the challenges of land degradation, desertification and mitigation of drought. To demonstrate that Land Degradation Neutrality is necessary and achievable, the Land for Life Programme engages in awareness raising and knowledge support. Every two years, the programme presents the Land for Life Award which aims to provide global recognition to individuals and organizations whose work and initiatives have made a significant contribution to sustainable development through sustainable land management.
The LDN Fund is an impact investment fund blending resources from the public, private and philanthropic sectors to support achieving LDN through sustainable land management and land restoration projects implemented by the private sector. GM spearheaded the establishment of the LDN Fund and undertook its initial design with support from the Governments of France, Luxembourg, Norway, and the Rockefeller Foundation and involvement of an advisory group that brought together representatives from public financial institutions, international NGOs and academia. A private sector investment management firm Mirova, an affiliate of Natixis Investment Managers dedicated to responsible investing, was selected competitively to manage the LDN Fund. Officially launched at UNCCD COP 13 in Ordos, China, the LDN Fund is the first-of-its-kind investment vehicle leveraging public money to raise private capital for sustainable land projects. Anchor investors – the European Investment Bank and the French Development Agency – are joined by institutional investors including the first north-American private investor Fondaction, the Fondation de France foundation and insurance companies BNP Paribas Cardif and Garance. The initiative is also backed by de-risking partners that include the Government of Luxembourg, IDB Invest and the Global Environment Facility. In total, investors have announced commitments of over USD 100 million out of a target of USD 300 million.