BTG Pactual Timberland Investment Group has won four awards for its Latin American reforestation strategy, which continues to attract investment and large-scale offtake agreements.

In late 2024, the strategy hit $500 million in funding, halfway to its $1 billion goal. This included a $50 million loan from  International Finance Corporation, which provided BTG Pactual TIG with improved financial outcomes if it improved biodiversity restoration and water resource protection. This instrument has won the ESG innovation of the year (funds and portfolios) award for the Americas region

Further investment came from the UK government and Dutch development bank FMO, which aimed to catalyse additional private sector involvement in the strategy.

It aims to raise the remainder of the capital by September 2026.

The programme, which is advised by Conservation International, aims to restore around 135,000 hectares of natural forests and a similarly sized area for commercial trees. Over the past year, it completed seven new investments, equivalent to around 17,500 hectares of degraded land, and started restoration on more than 10,000 hectares of vegetation in Brazil.

This has also led to some of the world's largest nature-based carbon credit offtake agreements with technology giants. Last June, it agreed to provide Microsoft with eight million nature-based carbon removal credits until 2043.

In September, the firm then announced a long-term contract to supply 1.3 million credits to Meta by 2030, with an optional delivery of a further 2.6 million credits by 2038.

The strategy has won the Environmental fund of the year, Latin America; ESG investment initiative of the year, Latin America, and Real assets manager of the year awards.