BTG Pactual announces the acquisition of a stake in Systemica, a developer of carbon projects and environmental assets for reducing GHG emissions

The partnership enables the bank to expand its operations in the carbon credit market with solutions for both the domestic and global markets

BTG Pactual (BPAC11), the largest investment bank in Latin America, signed an investment agreement for acquiring a minority stake in Systemica, a company that structures, develops, and implements projects for reducing greenhouse gas (GHG) emissions, in addition to trading the environmental assets generated. The operation aims to contribute to a transitional economy and join efforts for advancing the carbon credit market, contributing to the integrity, quality and international reputation of carbon projects in Brazil and Latin America.

Demand for a low-carbon economy has been growing internationally, with financial institutions and large companies committing to reduce emissions and structuring strategies for decarbonizing their operations. From 2020 to the beginning of 2023, the number of companies committed to reducing emissions formalized under Science Based Targets (SBTi) — which shows how actions are based on science for combatting climate change — grew more than 10 times, which materializes in terms of ever-increasing volumes of retired carbon credits, according to Trove Research.

Via Yahoo Finance

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