Ponterra is featured today in the Financial Times!
The Moral Money piece by Simon Mundy “Making sense of the ‘green grabbing’ debate”, mentions Ponterra alongside our friends at MOMBAK and re.green exploring the impacts of nature-based projects on land rights and local communities. It highlights the fact that Ponterra leases land rather than purchasing it outright, our high due diligence standards and the incredible community benefits that the reforestation activities create in the region.
See an excerpt below and the link to the article here for more: https://lnkd.in/dTpk5xTM
"Two other nature-based carbon removal companies that I spoke with — Mombak, which is focused on projects in Brazil, and Ponterra, which is developing its first project by reforesting cattle pasture in Panama — also said that this due diligence, and ensuring positive outcomes for local communities, was central to their business model. “A lot of farmers want to get out of this [cattle] business, and this becomes a really attractive way for them to shift,” said Celia Francis, chief executive of Ponterra, which will on Wednesday announce a 30-year contract with three institutional buyers for carbon credits from its first reforestation project. “We’ve made a decision to lease the land, which means that the farmers continue to be stewards of the land,” Francis added.
One reason for developers to take this issue seriously, Thiago Picolo said, was pressure from removals-based carbon credit buyers such as Microsoft, which have made it clear that they are willing to buy only from projects with strong social as well as environmental profiles."
Stay tuned for a major announcement coming from Ponterra this week!
#naturebasedsolutions, #naturerestoration, #reforestation, #biodiversity, #carbon, #netzero, #financialtimes