Aviva Investors has partnered with Climate Impact Partners to fund a large-scale afforestation and restoration project in Colombia.
The project, Llanos Vivos, spans up to 13,600 hectares of currently degraded and under-productive grassland. The initial phase is expected to sequester 2.4 million tonnes of carbon, generating high integrity carbon removal credits. At full-scale, it will have the potential sequester more than six million tonnes of carbon over its lifespan.
Climate Impact Partners is the project originator and delivery partner to Aviva Investors, providing ongoing management across the area, while &Forest, a specialist forest project developer, will act as on-the-ground implementation partners.
Aviva Investors is funding the project through its Carbon Removal Fund, which aims to deliver investment returns whilst also supporting institutional investors’ long-term climate ambitions by investing directly in nature-based and engineered carbon removal solutions.
Greta Talbot-Jones, Director, Natural Capital, and co-Portfolio Manager of the Carbon Removal Fund at Aviva Investors, said, “We are very pleased to be working with leading specialist land managers and development partners on this project. Investors are increasingly viewing carbon removal strategies as a way to diversify their portfolio and hedge against transition risks, rather than solely impact investments. This is a great example of investment activity that can generate long-term outcomes for investors and help them align with long-term climate ambitions, whilst also delivering a range of socioeconomic and nature-based benefits.”
Sheri Hickok, CEO at Climate Impact Partners, said, “Institutional investment is critical to scaling high‑quality carbon removals and accelerating the transition towards an infrastructure‑like carbon market. Through this partnership with Aviva Investors, we’re showing how long‑term capital can directly support the development of high‑integrity, nature‑based carbon projects – providing the certainty projects need and the durability investors demand. By structuring projects to deliver measurable, long‑term impact, we’re helping unlock carbon removal as a credible, investable asset class.”
END