FAPBM invests nearly USD 700,000 in Miarakap impact fund. It is counting on the performance of local start-ups to finance protected areas in Madagascar. Created in 2005 to ensure the sustainability of funding for Madagascar’s Protected Areas System, FAPBM has established a sustainable financial mechanism that benefits 64 of Madagascar’s 123 protected areas to date. Indeed, FAPBM mobilizes capital and invests it on the financial markets. Only the annual revenues generated are used to finance the protected areas. The investments of this capital follow a strict policy of ethics in terms of Environmental, Social and Governance (ESG) criteria. Impact investing to support conservation The investment policy adopted by the Board of Directors requires FAPBM to devote 15% of its capital to environmental and social impact projects, in order to strengthen its environmental and social impact. Beyond the conservation of Madagascar’s unique natural capital, FAPBM is thus broadening its scope of …
FAPBM invests in Miarakap a Malagasy Impact Investment Company



















