Temasek-owned investment platform GenZero has committed to BTG Pactual Timberland Investment Group’s (TIG) Latin American reforestation strategy, which has now secured $672m (€576m) in capital commitments.
BTG Pactual TIG is seeking to raise $1bn for its reforestation strategy to fund the conservation and restoration of approximately 270,000ha of degraded landscapes.
The strategy specifically focuses on restoring biodiversity and climate resilience in critical ecosystems, including Brazil’s highly biodiverse Cerrado biome.
Conservation Internationa is the impact adviser.
Hoon Ling Min, director of investments at GenZero, said: “We are proud to partner with BTG Pactual TIG and Conservation International on one of the largest private sector-led restoration strategies in Latin America.
“By restoring natural ecosystems and enhancing biodiversity, whilst sustainably producing timber and generating high-integrity carbon credits, this initiative supports the transition to a net-zero world and builds long-term resilience for local communities.”
Mauricio Bianco, VP at Conservation International-Brazil, said: “What’s happening in the Cerrado is proof that restoration at scale is possible when science and finance work together. This project is helping turn degraded land into thriving habitat again.
“By combining science-based restoration with sustainable land management, it’s showing how sustainable production and nature can not only coexist but strengthen one another.”
Mark Wishnie, chief sustainability officer at BTG Pactual TIG, said: “GenZero’s commitment is a strong validation of the BTG Pactual TIG Latin American reforestation strategy as a model for how large-scale, science-based restoration can deliver climate, biodiversity and community benefits.”
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