Timberland Investment Group is entering a new partnership with Conservation International to deliver a US$1bn reforestation scheme.
his new partnership will see the earmarked US$1bn invested in reforestation efforts across different locations in Latin America. This partnership was announced in a statement by the region’s largest investment bank BTG Pactual today.
To reach its goal, the lender’s specialist subsidiary Timberland Investment Group (TIG) has formed an alliance with non-profit environmental organization Conservation International, and together, they will work towards a new impact-oriented reforestation investment strategy.
Conservation International has agreed to serve as an impact adviser to TIG on the strategy. The investment is planned to run for over five years with a core goal of protecting and restoring hundreds of thousands of acres of forests and landscapes in Latin America.
According to TIG, the investment plan, which also features the planting of millions of trees and contribution to community development, is targeted at delivering climate, environmental and social benefits without forfeiting financial returns.
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