BTG Pactual's Timberland Investment Group has made tremendous progress on its $1 billion Latin American reforestation strategy, surpassing over $500 million in capital raised earlier this year.

The strategy, which aims to restore around 135,000 hectares of natural forest across the Cerrado, saw capital commitments from the UK government and Dutch development bank FMO.

Two 'landmark' carbon credit transactions were also agreed with technology giants Meta and Microsoft. Together, the agreements represent around 11.9 million tonnes of carbon removals - thought to be the world's largest carbon dioxide removal deals on record.

Over the past year, the strategy completed 17 investments totalling around 26,000 hectares of land. It follows the 11,000 hectares of land where work has already begun with support from Conservation International, turning previously deforested land into native vegetation.

It also continues to scale up its community programmes, including training local seed collectors.