View original ↗on esgtoday.com
deal · 18 June 2024
Microsoft ↔ BTG Pactual Timberland Investment Group
Microsoft: a firm purchase of 8,000,000 t of afforestation/reforestation removal from BTG Pactual Timberland Investment Group.
BuyerMicrosoft
Tonnes8,000,000 t
Capture pathwayAfforestation/reforestation
Storage mediumecosystem
Commitment typefirm
Deal structureofftake
Source pathway descriptionNature-based carbon removal through reforestation and restoration strategy in Latin America. 60% of carbon removal credits attributable to carbon sequestration in newly restored native forests; 40% from carbon sequestration in newly established and sustainably managed commercial tree farms. Strategy focuses on conservation, restoration, and planting of deforested and degraded properties in selecte
Storage descriptionCarbon sequestration in newly restored native forests and in sustainably managed commercial tree farms with long rotation periods to store more carbon and produce large diameter logs for long-lived products.
Delivery windowthrough 2043
Project locationLatin America, including Cerrado biome in Brazil
NotesAgreement described as largest known carbon dioxide removal credit transaction to date based on MSCI Carbon Markets data. BTG Pactual Timberland Investment Group is a subsidiary of Latin American investment bank BTG Pactual. Strategy includes Conservation International as Impact Advisor. Aims to protect and restore over 330,000 acres of natural forests and plant millions of trees on another 330,00
Durability defaultedtrue
Previous durabilityconventional
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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