Forestry manager EFM has teamed up with Sojitz Corporation to create a US climate and carbon solutions investment venture which aims to raise $200m (€175.2m).
The newly created EFM Sojitz Management venture expects to raise initial capital from Sojitz, Fuyo General Lease and other global investors, with plans to engage a diverse investor group, mainly from Japan and international markets, the pair said.
The venture intends to acquire and sustainably manage US forestland in “climate resilient” regions for timber production and carbon credit generation.
Bettina von Hagen, CEO of EFM, said: “EFM’s mission is to create financial value from investments in forests alongside positive environmental and social impact. Partnering with Sojitz allows us to expand our climate-smart forestry model, mobilise capital at scale – including in key growth markets like Japan – and provide investors with access to high-quality carbon credits that also support biodiversity, water resources, and rural jobs.”
Koji Aonuma, general manager of energy transformation department at Sojitz, said: “We are excited to work with EFM, whose deep industry knowledge and impact-driven approach align closely with our vision for a sustainable, low-carbon future.
“By combining EFM’s extensive knowledge and experience with Sojitz’s domestic and international business networks, built through its existing businesses, we aim to form a large-scale fund and create value in collaboration with a diverse range of investors, primarily Japanese companies.”
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