July 2024
LDNF - Mirova Loan Finances Terrasos’ Habitat Bank Project Scale-up in Colombia.
Bogotá, July 2024 - Terrasos secured a credit line from the Land Degradation Neutrality Fund (LDNF) managed by Mirova, solidifying its leadership in Colombia's biodiversity offsets market. Terrasos' habitat banks restore and conserve large-scale offset areas, benefiting voluntary and mandatory clients aiming for "no net biodiversity loss" goals. This mechanism aggregates efforts from multiple parties, maximizing scale, permanence, and biodiversity gains, in contrast to fragmented, short-term initiatives.
This funding allows Terrasos to invest in several thousand new hectares of habitat bank land, covering all conservation and restoration costs. This positions Terrasos as the market leader for habitat banks in Colombia, meeting increasing offset demands from clients and authorities. It also reinforces Terrasos' role as a global trendsetter in biodiversity conservation.
Luis Fandiño, of Panorama Capital Partners, commented, "It was a privilege to advise Terrasos on this key milestone for conservation in our country. This transaction brings financial rationality to an impactful conservation / restoration project”.
