BTG Pactual TIG Partners with Meta for Carbon Credits Initiative

BTG Pactual Timberland Investment Group and Meta Join Forces

In a major step toward sustainability and environmental protection, BTG Pactual Timberland Investment Group (TIG) has announced a significant long-term agreement with Meta. This partnership entails the delivery of 1.3 million nature-based carbon removal credits, with potential options for an additional 2.6 million credits. This innovative initiative supports a broader reforestation strategy aimed at combating climate change, promoting biodiversity, and benefiting local communities.

Importance of Carbon Removal Credits

This groundbreaking deal marks Meta’s entry into carbon removal efforts in Brazil and represents one of the largest agreements of its nature in the region. The credits sourced through this partnership will come from BTG Pactual TIG’s extensive $1 billion reforestation strategy in Latin America. Conservation International will serve as the Impact Adviser, ensuring that the initiative not only mitigates climate impacts but also enhances biodiversity and fosters sustainable community growth.

Strategic Focus on Latin America

The reforestation strategy emphasizes conservation and restoration of degraded lands particularly in the Cerrado biome of Brazil. Known for its incredible biodiversity, the Cerrado has suffered from extensive deforestation, with nearly half of its land area converted for other uses. Through this initiative, BTG Pactual TIG not only addresses ecological deterioration but also creates economic opportunities by facilitating rural employment and community development initiatives.

Meta’s Commitment to Sustainability

Blair Swedeen, Global Head of Net Zero and Sustainability at Meta, praised this collaborative effort, highlighting its potential to redefine sustainable forestry operations. He stated that this partnership sets a new standard for restoration and economic opportunities for local communities. The level of due diligence and innovative technology provided by Meta in this transaction aims to ensure that the rigorous processes set in place will foster credibility and integrity within the carbon market.

A Broader Environmental Impact

Mark Wishnie, Chief Sustainability Officer of BTG Pactual TIG, noted the exceptional approach that Meta has pioneered, which positions it among a select group of companies advancing responsible carbon removal strategies. The integration of advanced technologies is crucial in monitoring carbon removal efficacy, thereby enhancing the sustainability of such initiatives.

Planting Trees for Tomorrow

The comprehensive plan entails not only the protection and restoration of approximately 135,000 hectares of natural forests but also the planting of millions of trees across sustainably managed tree farms, all certified to Forest Stewardship Council (FSC) standards. Currently, BTG Pactual TIG has successfully invested in over 37,000 hectares, nurturing more than 7 million seedlings and restoring around 2,600 hectares of natural forested area. The ecological restoration supports diverse flora and fauna, with over 300 species noted in their initial projects.

Building a Legacy of Sustainability

The generation of carbon credits complements the reforestation strategy’s objectives, while managing the tree farms on extended rotations to maximize carbon storage. While these projects are in the registration phase, they aim to align with top-notch carbon accounting standards.

Empowering Local Communities

This deal also emphasizes Meta's dedication to delivering social impacts through carbon removal initiatives. BTG Pactual TIG is committed to training local community members, enhancing their capacity to create income opportunities derived from biodiversity. This includes initiatives such as honey production made possible by newly restored forests. Recently, a collaborative effort with the Mato Grosso do Sul Native Seed Network enabled community members to acquire skills in native seed collection.

About BTG Pactual Timberland Investment Group

BTG Pactual is recognized as the largest investment bank in Latin America, with a significant market capitalization and extensive service offerings, including Investment Banking and Asset Management. BTG Pactual Timberland Investment Group stands out as one of the world's largest timberland managers, possessing approximately $7.2 billion in assets across the U.S. and Latin America.

About Meta

Meta is dedicated to building innovative technologies that unify people globally. With a strong commitment toward sustainability, the company continually seeks to enhance its carbon removal capabilities alongside traditional technological advancements. Its mission includes reaching net zero emissions by 2030, striving to create positive climate impacts across its operations.

About Conservation International

Conservation International remains at the forefront of global efforts to protect nature for humanity's benefit. Their collaborations with various entities aim to ensure ecological preservation while fostering a sustainable relationship between people and nature.

Frequently Asked Questions

What is the purpose of the partnership between BTG Pactual TIG and Meta?

The partnership focuses on delivering nature-based carbon removal credits while supporting reforestation efforts and community development in Latin America.

How many carbon credits are involved in this agreement?

The agreement includes 1.3 million carbon removal credits, with options for an additional 2.6 million credits.

What is the Cerrado biome?

The Cerrado biome is a diverse and seasonally dry ecosystem in Brazil, crucial for biodiversity, facing significant challenges due to deforestation.

How does the initiative benefit local communities?

It provides opportunities for rural employment, skills development, and support for nature-based economic activities like honey production.

What are the expected outcomes of the project?

The project aims to enhance biodiversity, counter climate impacts, restore degraded lands, and ensure sustainable economic benefits for local communities.

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