Green Investment Officer - Sustainable Landscapes
The Investment Officer will support GGGI's Indonesia country program and its national and sub-national partners to identify and help design projects and financing mechanisms focused on sustainable landscapes sectors – primarily sustainable forestry, peatlands, community-based forestry (social forestry) and conservation projects, within GGGI’s focal provinces. He/She will support the development of investment projects, business cases, financial models, specialized financing vehicle concepts and project proposals to attract funding from appropriate funding institutions, mechanisms and agencies (international funds, bilateral and multilateral funding mechanisms, private equity funds, and other investors). The projects should be designed to demonstrate a way forward in overcoming any policy or institutional barriers to investment towards meeting the NDC commitments of Indonesia.
The scope of work will include engaging with Government of Indonesia (GoI), particularly Ministry of Environment and Forestry (KLHK), private and public-sector finance institutions and initiatives like the Environmental Fund Management Agency (BPDLH), Dana Reboisasi, Tropical Landscape Finance Facility, Lestari Capital, etc. as well as sukuk finance and national/sub-national budgetary mechanisms.
INTRODUCTION
GGGI in Indonesia is implementing the Green Growth Phase 3 program (2021-2025), which includes as one of the key thematic areas Forests/Sustainable Landscapes. In this thematic area a number of projects and activities will be implemented. Currently there are two projects running with earmarked funding, including the GGP3 Landscapes project (Oct 2020-Sept 2022); financed by Norway with USD 10 million).
The GGP3 Landscapes project, supports the Indonesian government’s institutions and processes to mainstream NDC commitments into development plans and policies, leverage investment in REDD+ mitigation actions, and strengthen the capacity of key institutions and actors. The project supports the government’s policies, plans, and actions towards achieving these outcomes, identifying, and addressing policy gaps, and capacity constraints to enhance and accelerate NDC implementation. The project also assists in building Indonesia’s ability, capacity, and knowledge to gradually increase ambitions in future revisions of the NDC.
The project aims to develop a stronger basis for inclusive REDD+ action through improved policies, low carbon development plans and provincial frameworks for jurisdictional implementation, including tangible project pipelines backed-up by enhanced and operationalized financing mechanisms, particularly the newly established Environmental Fund Management Agency (BPDLH). The project will support the development of a pipeline of bankable projects for the BPDLH. At least USD 150 million of public and private investment will be mobilized by the project for implementation measures.
The project’s support is primarily focused on three government institutions: The Ministry of Environment and Forestry (MoEF), the Coordinating Ministry of Economic Affairs (CMEA), and the National development Planning Agency (BAPPENAS). The project also works with the Ministries of Finance, Home Affairs, Agriculture, Maritime Affairs and Investment, as well as the national Peatland and Mangrove Restoration Agency (BRGM).
A major focus of the project is on sub-national efforts, concentrated in six focal provinces: East Kalimantan, South Kalimantan, Central Kalimantan, North Kalimantan, Papua, and West Papua. These six include three of the four provinces with large remaining areas of intact forest; two with extensive peatlands; and one with the first province-wide, jurisdictional program for REDD+ results-based payments. Together they encompass more than half of Indonesia’s remaining naturally forested area. Within these focal provinces, in addition to support for jurisdictional plans, policies, and investment, specific interventions will be showcased in so-called “signature landscapes,” where successful climate action can be demonstrated through integrated, green growth approaches.
PURPOSE
The Investment officer will work as part of GGGI's country program, in close collaboration with government partners in the different ministries like Ministry of Environment and Forestry (KLHK), Ministry of Finance, Ministry of Maritime Affairs and Investment, BAPPENAS etc. with the overall aim to support mobilization of finance towards achievement of Indonesia's NDC and climate change adaptation targets and SDGs.
The Officer will have the following tasks and duties:
- Conduct analysis for existing and potential investment opportunities and business cases for sustainable landscape sectors in focal provinces at different potential site locations (like Forest Management Units, Social Forestry licensed areas, CDKs, private sector concession areas, etc.). This shall include conducting discussions at national and provincial level to scope out investment project and program opportunities.
- Identify investment project options and opportunities, program structures, innovative financing mechanisms and/or de-risking mechanisms to overcome policy and institutional barriers for sustainable landscape sectors including projects related to conservation, watershed management, climate change mitigation and adaptation, payment for ecosystem services, peatlands, sustainable forest management, agroforestry and social forestry.
- Support preparation of investment documentation for identified projects with the team, including investment briefs, presentations, financial models, scenario analysis for potential public and private investors.
- Support writing, revising, and editing of proposals and drafting of business plans and investment briefs, involving e.g. risk analysis, objectively verifiable indicators, and other investment and finance related sections.
- Support the development of investment project concepts and proposals by assembling information including project objectives, outcomes, deliverables, implementation pathway, risk mitigation measures, timeline, staffing, budget, standards of performance, and evaluation.
- Assist sustainable landscape projects and programs for GGGI Indonesia investment pipeline opportunities that can support meeting Indonesia’s NDC targets.
- Assist with and conduct pre-feasibility assessments for sustainable landscapes business and operational models with relevant stakeholders, including GoI partners, financial institutions, community representatives, private sector developers etc.
ENGAGEMENT
- Identify and engage with relevant public and private sector stakeholders, such as BPDLH, GoI staff, development partners, NGOs, private companies, and universities.
- Obtain endorsement from GoI partners and other relevant stakeholders as required.
- Engage financiers in the development of projects to ensure the projects adequately represent their vision, interest, criteria and priorities. Facilitate, as necessary, interactions between public and private institutions to create investment projects and/or innovative funding mechanisms. Support further development and expansion of GGGI's network of financial institutions, banks, funds and other relevant organizations both domestically and internationally.
- Provide ad-hoc support as member of the integrated GGGI Investment Team to GGGI technical teams and operations for documentation and logistics in the development of the GGGI project portfolio. Carry out other ad hoc assignments in line with GGGI's mandate and targets for Indonesia.
- Assisting and coordinating various investment workstreams with GGGI’s provincial teams in its six focal provinces: Central, South, East and North Kalimantan, Papua and West Papua.
DELIVERY
- Identification and development of investable projects that will be attractive to government partners, financial institutions, and/or private sector.
- High quality investment documentation including business case, financial, and risk analysis for projects in development or under evaluation, including financial modeling.
- Business development by collecting and analyzing market data to support identification of new investment programs.
- Organize the delivery of sustainable landscapes investment workstreams with tight deadlines and managing a small team (consisting of staff members and consultants)
- Support mobilizing climate finance and investments in green growth sectors in Indonesia.
- High-quality proposals for investment projects in the Green Growth sectors
- Various documents (or portions of documents) in support of project design, institutional capacity-building, and internal and external program reporting.
QUALIFICATIONS
The successful applicant must demonstrate outstanding professional competence and hold exemplary and relevant academic credentials. As noted, the position requires experience in project development and financial analysis skills in the Green Growth sectors. Knowledge of Indonesian policy and governance in the AFOLU sectors and/or other Green Growth sectors, commercial risk assessment, project finance, debt instruments and multi-stakeholder collaboration is needed. Practical experience in government engagement, project development, investment deals, pitching of bankable projects and/or financial deal structuring is important.
Specifically, the application should provide convincing evidence of the following:
- An MSc degree related to forestry, finance, accounting, business management or economics.
- Bachelor's degree with a combination of additional 2 years of relevant professional experience may be accepted in lieu of the Master's or higher degree
- Preferred minimum five (5) years of relevant professional experience related to sustainable landscapes project development and management.
- Solid understanding of various financial products, debt/equity instruments being used in Indonesian finance/investment sector. Direct working experience with any of these products will be an advantage.
- A good track record of working on project development, investment processes, politically sensitive issues with government, banking sector, non-banking financial products and public sector finance is desirable, specially experience with blended finance.
- A proven track record in successful financial analysis and financial modeling with scenario analysis is an advantage.
- Excellent Indonesian and English writing skills is a must; writing examples might be requested as well as potentially a written exercise as part of the selection procedure. Knowledge of additional key business languages will be an advantage.
- An extensive network of professional contacts among Ministry of Environment and Forestry (KLHK), financial institutions and impact investors would be an added advantage.
- Excellent understanding of the socio-political and cultural contexts of Green Growth governance in Indonesia
CORPORATE
• Understands and actively supports GGGI's mission, vision and values.
• Outstanding stakeholder engagement, client relationship, communication, teamwork, and consensus building.
• Processes and shares information easily and excellent at problem solving.
• Manages emotions and stress positively, builds rapport and resolves conflict easily.
• Promotes creativity and innovation among staff.
• Works effectively with other teams with a high degree of cultural and professional diversity.
* Under current COVID-19 circumstances, this position is expected to primarily start under ‘work-from-home’ protocol and eventually moving to physical meetings and physical office presence, as situation permits.
