Landscape Capital invests across the value chain – in land, trees and manufacturing. We believe this creates opportunities to leverage superior returns generated by sustainable commercial tree farms, the manufacture of climate-positive forest products at scale, creation of carbon offsets, and the potential monetization of additional ecosystem services.
Landscape Capital is a division of the BTG Pactual Timberland Investment Group (TIG). We seek to leverage the scale and operational capacity of TIG and BTG Pactual, Latin America’s largest investment platform, to offer financial returns while delivering outsized climate, social, and environmental benefits at scale [1].
TIG is one of the world’s largest and oldest timberland managers with US$ 5.6 billion assets and commitments and 3 million acres under management throughout the U.S., Latin America, and elsewhere [2]. TIG has a 40-year track record of timberland investment [3]. Since its inception, more than US$ 2.5 billion has been returned to investors [4]. Our team of more than 150 professional staff has an on-the-ground presence through 23 offices and home offices around the globe, bringing local, regional, and global experience to bear on the management of client investments [5].
Building on BTG Pactual’s ESG commitments and policies, Landscape Capital and TIG maintain a timberland-specific Responsible Investment Policy based on nine core principles that seek to ensure best practices are taken into consideration throughout our investment process.
BTG Pactual is also a signatory of the UN Principles of Responsible Investment (UN PRI).
All of Landscape Capital’s timberland investments seek to be certified to Forest Stewardship Council (FSC), Sustainable Forestry Initiative(SFI), or Programme for the Endorsement of Forest Certification (PEFC) standards. In most cases, Landscape Capital carbon offsets will also be certified to the Climate, Community and Biodiversity (CCB) Standards. Through the Timberland Investment Group, Landscape Capital has a history of greenfield commercial reforestation to FSC and PEFC standards. Currently, 97% of TIG’s timberland assets are certified to FSC, SFI and PEFC sustainability standards [7].
Corporate demand for forest-related carbon removal could generate $800 billion in annual revenues by 2050, worth a market capitalization of $1.2 trillion today, surpassing the current market capitalization of oil & gas majors – October 2020 study commissioned by UN PRI finds.
Regrowing natural forests is a prominent strategy for capturing additional carbon, but accurate assessments of its potential are limited by uncertainty and variability in carbon accumulation rates. To assess why and where rates differ, the authors of this report in Nature compile 13,112 georeferenced measurements of carbon accumulation.
This report in Nature explores the potential of mid-rise urban buildings designed with engineered timber to provide long-term storage of carbon and to avoid the carbon-intensive production of mineral-based construction materials.
Landscape Capital’s Mark Wishnie’s presentation to Michigan State’s Forest-Climate Working Group how new wood products like mass timber offer the potential to dramatically reduce the emissions associated with core industrial activity while storing carbon in end-products.
Our Expertise
[1] Source: Bloomberg, as of December 31, 2019.
[2] As of July 31, 2022.
[3] Includes TIG’s predecessor companies, RTG and TTG.
[4] Since inception for distribution purposes is 1Q1990, figure includes distributions and return of capital.
[5] As of June 30, 2022.
Investment Along the Value Chain
[6] Sources: “Substitution Effects of Wood-based Products in Climate Change Mitigation,” Leskinen et. al, 2018; Griscom et al. 2017. Natural climate solutions. Proceedings of the National Academy of Sciences. 114(44): 11645–11650; Suarez et al. 2019; IPCC 2006; TIG Analysis.
Adhering to Best Practices
[7] As of December 31, 2021.
Our Commitments
[8] Through BTG Pactual’s legal entity Banco BTG Pactual SA.
[9] Such certifications do not necessarily have any positive or negative effect on returns, or on any other material issue that arises from the use of such ESG designations.
