{"id":8144,"date":"2023-10-02T07:43:01","date_gmt":"2023-10-02T07:43:01","guid":{"rendered":"http:\/\/13.218.190.167\/?p=8144"},"modified":"2026-03-05T21:59:55","modified_gmt":"2026-03-05T21:59:55","slug":"zero-deforestation-brazilian-soy-fund-expanded","status":"publish","type":"post","link":"https:\/\/www.bvrio.org\/pt-br\/zero-deforestation-brazilian-soy-fund-expanded\/","title":{"rendered":"Zero deforestation Brazilian soy fund expanded"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/sim.finance\/cerrado-programme-1\/\" target=\"_blank\" rel=\"noopener\">Responsible Commodities Facility (RCF) Cerrado Programme fund<\/a> has been expanded more than four-fold to US$47 million, through an innovative blended finance structure.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The RCF, for which BVRio coordinates the independent Environmental Committee, was launched in August 2022 with an initial investment of US$11m by Tesco, Sainsbury\u2019s and Waitrose. For the 2023\/24 growing season the RCF Cerrado Programme expanded with an investment of US$ 36.24 million from commercial banks Santander, Rabobank, and impact fund AGRI3, thereby leveraging the impact of the initial investment made by the food retailers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The capital is used to offer low-interest loans to farmers who comply with the RCF\u2019s eligibility criteria and commit to zero deforestation of native vegetation for expansion of soy cultivation, and to maintain in their farms forest cover over and above the minimum required by law (\u201cexcess native vegetation\u201d), preventing negative climate impacts and loss of natural habitat.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the 2023\/24 season, the programme will provide finance to 122 farms, producing more than 260,000 tonnes of soy, resulting in the conservation of around 43,400ha of native vegetation, 11,300 in excess native vegetation, that will protect over 20 million tonnes CO2 carbon stocks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cFollowing a successful first season, where all loans were repaid and no deforestation took place, the programme is now being rapidly scaled up to ensure more soy is produced as Deforestation and Conversion free (DCF). We are excited to be working with our new investors, to strengthen our capacity to scale this initiative now and for the future.\u201d <\/span><b>Pedro Moura Costa, SIM CEO<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Cerrado biome, which lies mostly in Brazil, is the world\u2019s most biodiverse savanna, and it is under threat from deforestation, mostly driven by the expansion of soy cultivation<\/span><span style=\"font-weight: 400;\">. The participating farms are located in the <\/span><i><span style=\"font-weight: 400;\">Matopiba<\/span><\/i><span style=\"font-weight: 400;\">, <\/span><i><span style=\"font-weight: 400;\">Goi\u00e1s,<\/span><\/i><span style=\"font-weight: 400;\"> and <\/span><i><span style=\"font-weight: 400;\">Mato Grosso<\/span><\/i><span style=\"font-weight: 400;\"> regions, areas at risk of deforestation, native vegetation conversion and biodiversity loss.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe\u2019re pleased the RCF is now attracting investment from capital markets, amplifying the impact of the original investments made by Tesco and other supermarkets, taking it beyond the initial pilot phase. This combination of sources of capital is essential to scale up the RCF, help reduce deforestation and conversion, support producers on the ground and support the sector in meeting both voluntary commitments but also supporting compliance with upcoming legislation, such as the EU DR.\u201d <\/span><b>Claire Lorains, Group Quality, Technical and Sustainability Director at Tesco.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The independent Environmental Committee is composed of BVRio, the UN Environment Programme (UNEP), The Nature Conservancy (TNC), WWF, Conservation International (Brazil), Proforest and Instituto de Pesquisa Ambiental da Amazonia (IPAM), and reviews and provides input into the environmental management of the facility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The RCF is run by<\/span><a href=\"https:\/\/sim.finance\/\"> <span style=\"font-weight: 400;\">Sustainable Investment Management Ltd<\/span><\/a><span style=\"font-weight: 400;\"> (SIM), a signatory of the <\/span><a href=\"https:\/\/www.nature.org\/en-us\/about-us\/where-we-work\/latin-america\/brazil\/stories-in-brazil\/ifacc\/https:\/\/www.nature.org\/en-us\/about-us\/where-we-work\/latin-america\/brazil\/stories-in-brazil\/ifacc\/\"><span style=\"font-weight: 400;\">IFACC initiative<\/span><\/a><span style=\"font-weight: 400;\"> (Innovative Finance for Amazon, Cerrado and Chaco), an initiative led by TNC, the World Economic Forum\u2019s Tropical Forest Alliance (TFA), and UNEP, to accelerate the flow of finance to producers in the region and to expand production of beef and soy without further clearing of forests and native vegetation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Responsible Commodities Facility (RCF) Cerrado Programme fund has been expanded more than four-fold to US$47 million, through an innovative blended finance structure.\u00a0 The RCF, for which BVRio coordinates the independent Environmental Committee, was launched in August 2022 with an initial investment of US$11m by Tesco, Sainsbury\u2019s and Waitrose. For the 2023\/24 growing season the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8145,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[220],"class_list":["post-8144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-responsible-soy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zero deforestation Brazilian soy fund expanded | BVRIO<\/title>\n<meta name=\"description\" content=\"The Responsible Commodities Facility (RCF) Cerrado Programme fund has been expanded more than four-fold to US$47 million, through an innovative blended finance structure.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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