The Tropical Landscapes Finance Facility (TLFF) is a multi-stakeholder partnership between the UN Environment Programme (UN Environment), The World Agroforestry Centre (ICRAF), BNP Paribas, and ADM Capital. TLFF aims to finance local projects and companies in Indonesia that are focused on green growth and sustainable rural livelihoods, in line with the Indonesian Government priorities, the Paris Agreement and the Sustainable Development Goals.

In February 2018, TLFF completed its inaugural transaction, a landmark $95 million long-dated sustainability bond to finance sustainable natural rubber production across heavily degraded concession areas in the Jambi and East Kalimantan provinces.

The case study focuses on the inception and design of the sustainability bond, including it's anticipated impact, the facility design, capital structure, and fundraising.

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