BTG Pactual

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"The Timberland & Agriculture Group (“TAG”) is part of BTG Pactual Asset Management and because of specific characteristics related to timberland and agriculture investing, TAG aims to uphold ESG objectives via an additional set of principles and policies [...] The Responsible Investment Policy applies to all timberland and agriculture investments and shall be implemented in all countries where TAG manages timberland and agriculture assets [...] The principles below provide the framework for TAG’s responsible investment strategy and guide our daily routine to maximize investor returns in a responsible manner. Within TAG, we: • Strictly comply with environmental, social, health and safety laws, regulations and standards: TAG seeks to comply with all applicable laws, regulations, and standards related to ESG issues in all locations where it manages timberland and agriculture. BTG Pactual’s structure of compliance and standard controls are used to monitor adherence to anticorruption, labor, and environmental laws. TAG also expects service providers to establish regionally appropriate health and safety standards and implement all industry best practices when providing services to TAG and its clients."

"BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity [...] Portions of the US timberlands of BTG Pactual clients are currently managed under third-party certified Forest Stewardship Council, Sustainable Forestry Initiative or American Tree Farm Group Certification Program. A portion of our international timberlands are currently certified under the Forest Stewardship Council. Non-certified properties in the US and internationally are being managed to these same high standards as we work to transition them to management under the appropriate third party certification program."

"BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity [...] Portions of the US timberlands of BTG Pactual clients are currently managed under third-party certified Forest Stewardship Council, Sustainable Forestry Initiative or American Tree Farm Group Certification Program. A portion of our international timberlands are currently certified under the Forest Stewardship Council. Non-certified properties in the US and internationally are being managed to these same high standards as we work to transition them to management under the appropriate third party certification program."

"BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity [...] Portions of the US timberlands of BTG Pactual clients are currently managed under third-party certified Forest Stewardship Council, Sustainable Forestry Initiative or American Tree Farm Group Certification Program. A portion of our international timberlands are currently certified under the Forest Stewardship Council. Non-certified properties in the US and internationally are being managed to these same high standards as we work to transition them to management under the appropriate third party certification program."

"BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity [...] Portions of the US timberlands of BTG Pactual clients are currently managed under third-party certified Forest Stewardship Council, Sustainable Forestry Initiative or American Tree Farm Group Certification Program. A portion of our international timberlands are currently certified under the Forest Stewardship Council. Non-certified properties in the US and internationally are being managed to these same high standards as we work to transition them to management under the appropriate third party certification program."

"BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity [...] Portions of the US timberlands of BTG Pactual clients are currently managed under third-party certified Forest Stewardship Council, Sustainable Forestry Initiative or American Tree Farm Group Certification Program. A portion of our international timberlands are currently certified under the Forest Stewardship Council. Non-certified properties in the US and internationally are being managed to these same high standards as we work to transition them to management under the appropriate third party certification program."

"BTG Pactual manages its clients’ timberland assets in compliance with all applicable State, National, and binding International environmental agreements within the countries where we operate. Illegal Logging BTG Pactual client lands are acquired through a due diligence process that ensures a clear legal title to the properties. All timber harvest operations on these lands will be conducted in accordance with tract specific management plans and in compliance with will all applicable laws and regulations."

"BTG Pactual manages its clients’ timberland assets in compliance with all applicable State, National, and binding International environmental agreements within the countries where we operate. Illegal Logging BTG Pactual client lands are acquired through a due diligence process that ensures a clear legal title to the properties. All timber harvest operations on these lands will be conducted in accordance with tract specific management plans and in compliance with will all applicable laws and regulations."

"BTG Pactual manages its clients’ timberland assets in compliance with all applicable State, National, and binding International environmental agreements within the countries where we operate. Illegal Logging BTG Pactual client lands are acquired through a due diligence process that ensures a clear legal title to the properties. All timber harvest operations on these lands will be conducted in accordance with tract specific management plans and in compliance with will all applicable laws and regulations."

"BTG Pactual manages its clients’ timberland assets in compliance with all applicable State, National, and binding International environmental agreements within the countries where we operate. Illegal Logging BTG Pactual client lands are acquired through a due diligence process that ensures a clear legal title to the properties. All timber harvest operations on these lands will be conducted in accordance with tract specific management plans and in compliance with will all applicable laws and regulations."

"BTG Pactual manages its clients’ timberland assets in compliance with all applicable State, National, and binding International environmental agreements within the countries where we operate. Illegal Logging BTG Pactual client lands are acquired through a due diligence process that ensures a clear legal title to the properties. All timber harvest operations on these lands will be conducted in accordance with tract specific management plans and in compliance with will all applicable laws and regulations."

"BTG Pactual does not invest its client's money in nor does it manage primarytropical moist forests, areas of endangered high conservation values or World HeritageSites. Where an area of high priority conservation interest exists or may develop within itsclient’s ownership, BTG Pactual will seek to negotiate cooperative arrangementswith appropriate responsible conservation organizations to own or manage those sites.Forests Containing High Conservation Values:BTG Pactual does not typically invest their clients’ assets in property where knownhigh conservation values exist. Our objective is to invest in and manage sustainablerenewable commercial forests under the appropriate forest certification programs and allowareas of high conservation value to be managed by the appropriate public or non-profitconservation entity."

"BTG Pactual does not invest its client's money in nor does it manage primarytropical moist forests, areas of endangered high conservation values or World HeritageSites. Where an area of high priority conservation interest exists or may develop within itsclient’s ownership, BTG Pactual will seek to negotiate cooperative arrangementswith appropriate responsible conservation organizations to own or manage those sites.Forests Containing High Conservation Values:BTG Pactual does not typically invest their clients’ assets in property where knownhigh conservation values exist. Our objective is to invest in and manage sustainablerenewable commercial forests under the appropriate forest certification programs and allowareas of high conservation value to be managed by the appropriate public or non-profitconservation entity."

"BTG Pactual does not invest its client's money in nor does it manage primarytropical moist forests, areas of endangered high conservation values or World HeritageSites. Where an area of high priority conservation interest exists or may develop within itsclient’s ownership, BTG Pactual will seek to negotiate cooperative arrangementswith appropriate responsible conservation organizations to own or manage those sites.Forests Containing High Conservation Values:BTG Pactual does not typically invest their clients’ assets in property where knownhigh conservation values exist. Our objective is to invest in and manage sustainablerenewable commercial forests under the appropriate forest certification programs and allowareas of high conservation value to be managed by the appropriate public or non-profitconservation entity."

"BTG Pactual does not invest its client's money in nor does it manage primarytropical moist forests, areas of endangered high conservation values or World HeritageSites. Where an area of high priority conservation interest exists or may develop within itsclient’s ownership, BTG Pactual will seek to negotiate cooperative arrangementswith appropriate responsible conservation organizations to own or manage those sites.Forests Containing High Conservation Values:BTG Pactual does not typically invest their clients’ assets in property where knownhigh conservation values exist. Our objective is to invest in and manage sustainablerenewable commercial forests under the appropriate forest certification programs and allowareas of high conservation value to be managed by the appropriate public or non-profitconservation entity."

"BTG Pactual does not invest its client's money in nor does it manage primarytropical moist forests, areas of endangered high conservation values or World HeritageSites. Where an area of high priority conservation interest exists or may develop within itsclient’s ownership, BTG Pactual will seek to negotiate cooperative arrangementswith appropriate responsible conservation organizations to own or manage those sites.Forests Containing High Conservation Values:BTG Pactual does not typically invest their clients’ assets in property where knownhigh conservation values exist. Our objective is to invest in and manage sustainablerenewable commercial forests under the appropriate forest certification programs and allowareas of high conservation value to be managed by the appropriate public or non-profitconservation entity."

"BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity [...] Portions of the US timberlands of BTG Pactual clients are currently managed under third-party certified Forest Stewardship Council, Sustainable Forestry Initiative or American Tree Farm Group Certification Program. A portion of our international timberlands are currently certified under the Forest Stewardship Council. Non-certified properties in the US and internationally are being managed to these same high standards as we work to transition them to management under the appropriate third party certification program."

"BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity [...] Portions of the US timberlands of BTG Pactual clients are currently managed under third-party certified Forest Stewardship Council, Sustainable Forestry Initiative or American Tree Farm Group Certification Program. A portion of our international timberlands are currently certified under the Forest Stewardship Council. Non-certified properties in the US and internationally are being managed to these same high standards as we work to transition them to management under the appropriate third party certification program."

"BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity [...] Portions of the US timberlands of BTG Pactual clients are currently managed under third-party certified Forest Stewardship Council, Sustainable Forestry Initiative or American Tree Farm Group Certification Program. A portion of our international timberlands are currently certified under the Forest Stewardship Council. Non-certified properties in the US and internationally are being managed to these same high standards as we work to transition them to management under the appropriate third party certification program."

"BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity [...] Portions of the US timberlands of BTG Pactual clients are currently managed under third-party certified Forest Stewardship Council, Sustainable Forestry Initiative or American Tree Farm Group Certification Program. A portion of our international timberlands are currently certified under the Forest Stewardship Council. Non-certified properties in the US and internationally are being managed to these same high standards as we work to transition them to management under the appropriate third party certification program."

"BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity [...] Portions of the US timberlands of BTG Pactual clients are currently managed under third-party certified Forest Stewardship Council, Sustainable Forestry Initiative or American Tree Farm Group Certification Program. A portion of our international timberlands are currently certified under the Forest Stewardship Council. Non-certified properties in the US and internationally are being managed to these same high standards as we work to transition them to management under the appropriate third party certification program."

"BTG Pactual does not invest its client's money in nor does it manage primary tropical moist forests, areas of endangered high conservation values or World Heritage Sites. Where an area of high priority conservation interest exists or may develop within its client’s ownership, BTG Pactual will seek to negotiate cooperative arrangements with appropriate responsible conservation organizations to own or manage those sites. Forests Containing High Conservation Values: BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity."

"BTG Pactual does not invest its client's money in nor does it manage primary tropical moist forests, areas of endangered high conservation values or World Heritage Sites. Where an area of high priority conservation interest exists or may develop within its client’s ownership, BTG Pactual will seek to negotiate cooperative arrangements with appropriate responsible conservation organizations to own or manage those sites. Forests Containing High Conservation Values: BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity."

"BTG Pactual does not invest its client's money in nor does it manage primary tropical moist forests, areas of endangered high conservation values or World Heritage Sites. Where an area of high priority conservation interest exists or may develop within its client’s ownership, BTG Pactual will seek to negotiate cooperative arrangements with appropriate responsible conservation organizations to own or manage those sites. Forests Containing High Conservation Values: BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity."

"BTG Pactual does not invest its client's money in nor does it manage primary tropical moist forests, areas of endangered high conservation values or World Heritage Sites. Where an area of high priority conservation interest exists or may develop within its client’s ownership, BTG Pactual will seek to negotiate cooperative arrangements with appropriate responsible conservation organizations to own or manage those sites. Forests Containing High Conservation Values: BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity."

"BTG Pactual does not invest its client's money in nor does it manage primary tropical moist forests, areas of endangered high conservation values or World Heritage Sites. Where an area of high priority conservation interest exists or may develop within its client’s ownership, BTG Pactual will seek to negotiate cooperative arrangements with appropriate responsible conservation organizations to own or manage those sites. Forests Containing High Conservation Values: BTG Pactual does not typically invest their clients’ assets in property where known high conservation values exist. Our objective is to invest in and manage sustainable renewable commercial forests under the appropriate forest certification programs and allow areas of high conservation value to be managed by the appropriate public or non-profit conservation entity."