In July 2024, the International Finance Corporation provided BTG Pactual Timberland Investment Group with a $50 million loan package for its landmark timberland reforestation strategy in Latin America.

The loan package, which has won the sustainability-linked loan of the year award, will help finance its first asset in Brazil's Cerrado region.

Launched in 2021, the $1 billion strategy aims to restore around 135,000 hectares of severely degraded lands in Latin America. The strategically planned investment involves the creation of connectivity corridors as well as the expansion of buffer zones for rivers and streams.

The sustainability-linked loan has unique biodiversity key performance indicators that provide better financial outcomes when met. Progress against the KPIs will be assessed by Conservation International – BTG Pactual's impact adviser for the reforestation programme.

The initiative aims to generate millions of high-integrity carbon removal credits, supporting global climate commitments and setting a new benchmark for scale.