Arkema will serve as an anchor donor and intends to remain actively involved throughout the initiative. A dedicated Steering Committee will guide the fund’s strategic direction and partner TTFA and Solidaridad in selecting and executing impactful projects.
TT Foundation Advisors (TTFA) will administrate the fund to ensure transparency and impact, as well as provide advisory services, donor stewardship and management of the fund. TTFA is the philanthropy advisory arm of Temasek Trust, the philanthropic branch of Singapore-headquartered global investment company Temasek. It provides specialized advisory and management services to philanthropic foundations, family offices, business corporations, philanthropists, and charities.
Solidaridad will be the initial grantee and will oversee training, monitoring, and project sourcing to ensure consistent and high-quality implementation. Solidaridad is an international civil society organization with a strong 55-year track record of supporting farming communities to become more resilient and is a long-standing partner of Arkema in building a more sustainable castor value chain.
“With the adoption of sustainability principles, small-scale farmers are able to improve income as well as soil health and biodiversity. With Arkema, this initiative can be scaled in castor-growing regions to build long-term resilience among the farming community,” said Shatadru Chattopadhyay, Managing Director, Solidaridad Asia.
“The Castor Farmer Education Fund reflects a shared commitment to empower farming communities and strengthen sustainable agricultural practices. TT Foundation Advisors is honoured to partner with Arkema and Solidaridad to provide a trusted, transparent platform that enables all stakeholders to collaborate and achieve better outcomes for the castor value chain,” said Dickson Lim, Head, TT Foundation Advisors.