Global Forest Bond adapted an application that KPMG has been using to audit soybean plantations in Brazil for years
Brasil BioFuels (BBF) and the Brazilian startup Global Forest Bond (GFB) have signed an agreement to make it possible to issue green Rural Producer Bonds (CPRs), bonds regulated by the federal government to compensate producers for preserving native forest and recovering degraded areas.
GFB adapted an application that KPMG already uses to audit soybean plantations
in Brazil for years. Artur Ferreira, founding partner of the startup, explains that, using photos, it is possible to measure the diameter and height of trees in order to calculate carbon stocks. The technology is also capable of measuring biodiversity and the water footprint. "Our platform is prepared to evolve as science evolves in this field of payments for environmental services," he says.
BBF's president, Milton Steagall, highlights that the partnership is another action of the company to collaborate with the recovery of nature in the North of the country. "The adoption of sustainable instruments is in line with the conservation and reforestation practices that BBF has applied to the origination processes of its products," he says.
In April, BBF announced that it will use degraded land in Roraima to grow palm and produce oil that will later be turned into 500,000 cubic meters of green diesel (HVO) and sustainable aviation fuel (SAF) at the biorefinery being built in the Manaus Free Trade Zone. Investments in the project will total R$2 billion. Biofuels should be sold by Vibra Energia starting in 2025/2026 for at least five years.
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