Explora Chile S.A., a sustainable tourism company based in Chile and certified B-corporation, obtained a loan from IDB Invest for 23 million dollars. Among the objectives of the financing are supporting the regional growth of the company and financing the development and investments of a nature reserve in Torres del Paine, Chile.

The project aims for the conservation of more than 6,000 hectares in Torres del Paine through the development of a private owned reserve to be open to the public. The agreement exemplifies a financially self-sustaining conservation model that catalyzes climate action and the protection of biodiversity and ecosystem services. The unique and innovative conservation model will be implemented in partnership with The Nature Conservancy and aims to reduce the financing gap for conservation through the active participation of the private sector.

IDB Invest will also provide advisory services related to gender, diversity and inclusion to close gender gaps at the corporate level. The action plan will include a diagnosis of gender equality using the WEP tool (Women’s Empowerment Principles Gender Gap Analysis Tool) and training for corporate management on diversity issues with the aim of quantifying progress towards improvement goals.