Futuro Forestal

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Futuro Forestal SA

logo
legal form Corporation
founding 1994
Seat Panama City , Panama
management Andreas Eke (Director), Iliana Armién (Chief Forester)
Number of employees approx. 2500
Branch forestry
Website www.futuroforestal.com

Futuro Forestal SA is a forestry company in Panama that was founded in 1994 by the Panamanian Iliana Armién and the German Andreas Eke. The company is based in Panama City. Futuro Forestal is seen as the first tropical forestry company to offer the management of impact investments. To date, the company has reforested more than 8,000 hectares of deforested pasture land with teak and native tree species, usually in accordance with the Forest Stewardship Council (FSC) standard.

history

Possible impact of investments: from the three-pillar model to impact investment

Futuro Forestal was founded in 1994 by Andreas Eke and Iliana Armién. Since then, the family business has developed from a small investment manager for individual customers, to a forest investment management organization and then to an impact forestry company with up to 2,500 employees. The most important development steps of the company in chronological order are:

  • 1995: Futuro Forestal started the first reforestation in Panama . The 9 hectare project is called "Noble Wood" (originally Spanish: "Madera Fina").
  • 1998: Futuro Forestal is the first company to reforest in Panama according to the FSC standard.
  • 1998: Futuro Forestal was the first company in the world to make a B2B transaction from afforestation to the CO 2 market .
  • 2001: Futuro Forestal expanded and opened new offices and a nursery in Las Lajas, Chiriquí , Panama.
  • 2003/2004: The independent rating agency SICIREC (Spanish: Sistemas de Circulación Ecológica, German: Systems of ecological cycles ) recognized the afforestation as Latin America's best individual customer forest investment.
  • 2005: The company's first batch of FSC -certified wood was sold. According to Jagwood +, the sale of teak ( Tectonis grandis ) and Amarillo (Terminalia amazonia) wood brought a significantly higher price (US $ 120 / m³) than wood that came from uncertified clearing (~ US $ 50-70 / m³).
  • 2006: Futuro Forestal won the Metafore Innovation Award for its WoodStock investment program, which combines socio-ecological and economic requirements.
  • 2006/2007: Futuro Forestal expanded its business area to Nicaragua . There the company started a reforestation program in cooperation with the United Nations Framework Convention on Climate Change .
  • 2008: Futuro Forestal sold the retail business to its former sales company Forest Finance. According to Forest Finance, the revenues from the afforestation by Futuro Forestal have significantly exceeded the yield forecast
  • 2009: The German Investment and Development Company (abbr .: DEG) and Futuro Forestal started a public-private partnership program for the holistic development of communities that live next to the afforestation in Nicaragua.
  • 2011: The company decided to realign itself as an Impact Investment Manager. In order to make the change transparent for its stakeholders, Futuro Forestal assured the implementation of the Ten Principles of the UN Global Compact .
  • 2012: The Global Exchange for Social Investment (abbr .: GEXSI) and Futuro Forestal founded a strategic partnership, whereby the experience and methodology of Futuro Forestal can be used for an upcoming wood project in Madagascar.
  • 2015: Futuro Forestal became a social business based on the guiding principles of Muhammed Yunus. The company's profits will flow into the non-profit Generation Forest Foundation from now on.
  • 2016: Futuro Forestal successfully passed the sustainability certification from B-Corp Germany.
  • Since 2016: Founding of the German cooperative "The Generation Forest eG".

Services

2-year afforestation of Futuro Forestal with teak.

Futuro Forestal offers sustainable forestry services. This includes the management of forest investments, the renaturation of ecosystems, the implementation of Corporate Social Responsibility (abbr .: CSR) projects and social services such as environmental training for the local population.

Forest investments

From the beginning, Futuro Forestal developed plantations and afforestations in which native tree species such as Amarillo ( Terminalia amazonia ), Cocobolo ( Dalbergia retusa ) and Zapatero ( Hieronyma alchorneoides ) are planted according to soil-specific conditions. This philosophy was also applied to the planting of exotic teak trees. The consideration of soil specifics leads to an improvement in soil quality and creates more differentiated habitats for native animal species than pure monocultures. In the afforestation by Futuro Forestal, a high percentage is designated as an environmental protection area. At the same time, the company was the first in Panama to sell CO 2 emission certificates from afforestation (cf. Montagnini, 2005, p. 181).

Renaturation of ecosystems

Pastureland next to a reforestation of Futuro Forestal near Las Lajas, Chiriquí, Panama.

The aim of the renaturation of ecosystems is to return damaged ecosystems to a stable, healthy and sustainable status. Futuro Forestal carries out compensation measures on more than 7,000 hectares to restore ecosystems for Minera Panama.

Execution of CSR projects

The focus of the execution of corporate social responsibility projects is the ecological benefit and the positive impact on the local population. Together with Schwarzkopf from Henkel , Futuro Forestal developed a CSR project for the reforestation of 70 hectares of tropical forest every year.

education

Futuro Forestal, together with the Nicaraguan Ministry of Economic Cooperation and Development, launched an environmental education program in communities that depend on forests. For children, teaching materials are being developed in primary schools. Adults receive theoretical knowledge about agroforestry , such as sheep farming with pelibüeys and beekeeping . The knowledge is then put into practice with the help of microcredits to local residents for sheep and beehives.

Scientific collaboration

14-year reforestation of Futuro Forestal with native tree species.

Futuro Forestal is actively involved in the Prorena project. The project was approved by the School of Forestry and Environmental Studies of Yale University (ger .: Yale School of Forestry & Environmental Studies) and the Smithsonian Institute of Tropical Research (ger .: Smithsonian Tropical Research Institute ) in 2001 native to the study of tree species for forestry scientific and practical application possibilities established in the tropics. The research results are implemented in the afforestation of Futuro Forestal.

subsidiary company

  • Forest & Community Foundation

literature

  • F. Montagnini, CF Jordan: Tropical Forest Ecology. The Basis for Conservation and Management. Springer, Berlin 2005, ISBN 3-540-23797-6 .

Web links

Individual evidence

  1. ↑ General definitions of the term “impact investment” can be found at microfinance.li ( Memento of October 27, 2012 in the Internet Archive ). Retrieved February 24, 2014.
  2. ↑ Global Exchange for Social Investment gexsi.org ( Memento from June 3, 2013 in the Internet Archive )
  3. ↑ cf. Montagnini, 2005, p. 181.
  4. ↑ World Wildlife Fund: gftn.panda.org ( Memento from February 27, 2014 in the Internet Archive )
  5. ^ Forest Stewardship Council. La Expereriencia de Futuro Forestal, Managua, Nicaragua . Slide 9. Retrieved March 3, 2014.
  6. ↑ National Association of Forestry and Similar Companies of Panama (Spanish: Asociacion Nacional de Reforestadores y Afines de Panama) anarap.com ( Memento of March 1, 2014 in the Internet Archive ). Retrieved February 12, 2014.
  7. ^ Official homepage of Futuro Forestal futuroforestal.com ( Memento from February 27, 2014 in the Internet Archive ). Retrieved February 2, 2014.
  8. ↑ Futuro Forestal FSC certificate from 1998 forestfinance.de (PDF file) ( Memento from September 24, 2015 in the Internet Archive ) Retrieved on February 24, 2014.
  9. ↑ Natsource Creates Environmental Action Desk to Serve Retail Emissions Trading Market; 'Virtual' Desk Kicks Off with Greenhouse Gas and SO2 Trades. Business Wire, June 7, 2000. Retrieved February 28, 2014.
  10. ^ Futuro Forestal: Investing in Reforestation. ( Memento from February 25, 2014 in the Internet Archive ) Progressive Investor (2006). Retrieved February 20, 2014.
  11. ↑ Jagwood + ( Memento of 25 February 2014 Internet Archive ) (PDF file). Retrieved January 21, 2014 from:
  12. ↑ Press release from Futuro Forestal on bankkaufmann.com. Retrieved February 17, 2014.
  13. ^ United Nations Clean Development Mechanism
  14. ↑ Press release from Forest Finance Service GmbH. Retrieved January 23, 2014.
  15. ↑ Federal Ministry for Economic Cooperation and Development (2012): Resource Efficiency: A Strategy for the Future. ( Memento from February 27, 2014 in the Internet Archive ) develoPPP.report - Magazine for Development Partnerships (32). Retrieved January 7, 2014.
  16. ^ Report of the United Nations Global Compact
  17. ↑ The Generation Forest | About us. Retrieved on July 26, 2019 (German).
  18. ↑ Directory of the members of the mini chamber of Panama. ( Memento of February 4, 2015 in the Internet Archive ) Retrieved February 12, 2014.
  19. ↑ Schwarzkopf press release. ( Memento of February 28, 2014 in the Internet Archive ) Retrieved February 27, 2014.
  20. ↑ AM Miller: Special Focus on Forests. business 2020, 6 (2) (2011). Retrieved February 18, 2014.
  21. ↑ prorena.research.yale.edu ( Memento from July 2, 2010 in the Internet Archive )
  22. ↑ stri.si.edu