Inclusive Green Growth (IGG) refers to a development approach that aims to achieve economic growth while ensuring environmental sustainability and social inclusivity. The concept of inclusive green growth emphasizes the integration of environmental and social considerations into economic planning and decision-making processes. It seeks to promote a sustainable and equitable economy that creates opportunities for all, particularly those living in poverty or facing social exclusion.
This is the innovative product of PASS IGG targets agribusinesses that focus on the use of green technologies and practices, adding further social and environmental value to the investment and adhering to Inclusive Green Growth (IGG) principles.
The objective is to facilitate access to renewable and efficient energy use, technology for water and soil conservation, and other agricultural practices that have the potential to reduce greenhouse gas (GHG) emissions and enhance the resilience of the business through adaptation to climate change. Projects falling under this category can get a PASS Trust guarantee up to a maximum of 80% of the loan amount to be secured from a financial institution.