Innovation based on biodiversity and sourcing with respect is an important strategy for the sustainable development of Latin America
(Amsterdam 10 October 2013) CAF – development bank of Latin America – is the latest financial institution to join the Union for Ethical BioTrade, an association committed to the ethical sourcing of biodiversity.
‘Through UEBT membership, CAF gains access to the innovative approaches and unique information that UEBT and its members are developing on issues and practices linked to ethical sources of biodiversity’, said Ligia Castro de Doens, Director of the Environment Department of CAF.
Biodiversity based innovation and sourcing is an important strategy for sustainable development of many Latin American countries. Castro emphasised that CAF supports these development goals by creating adequate institutional infrastructure and supporting research, innovation, training and market promotion.
’Membership of CAF is expected to give a strong impetus to Ethical BioTrade in Latin America, bringing on additional companies from this biodiversity rich continent’, said Rik Kutsch Lojenga, UEBT Executive Director.
Latin America is an important growth region for UEBT, driven among others by sustainability pioneers like the Brazilian multinational Natura Cosmetics. Other UEBT member companies Latin American include Native, Beraca, Symrise Brazil as well a number of smaller but innovative players in Bolivia, Brazil, Peru and Colombia.