Silvania and Itaú unite with Brazilian and global companies to advance forest protection and high‑integrity carbon markets in Brazil

As negotiations continue at COP30 in Belém, a coalition of leading Brazilian and international companies has come together to issue a Joint Declaration of Support for jurisdictional forest protection and high-integrity carbon markets — marking a noteworthy moment for private-sector leadership on Brazil’s path to zero illegal deforestation by 2030 as part of its national climate commitment.

The declaration — led by Silvania, as part of its Race to Belém campaign and Itaú — highlights how Jurisdictional REDD+ (JREDD+) programs, developed by state governments in partnership with Indigenous peoples, local communities, and rural producers, offer a scalable, credible model for channeling private finance into forest conservation and sustainable development, alongside complementary tools like the recently launched TFFF.

At a time when the world is seeking new sources of climate finance, this statement signals growing recognition within Brazil’s business community that protecting forests is not just an environmental imperative but an economic opportunity. By aligning corporate action with national climate goals and high-integrity standards, these companies are signalling support for a coherent market architecture that connects national policies, jurisdictional programs, and voluntary market mechanisms.

“This declaration shows that the Brazilian private sector is ready to join leading international companies to play a decisive role in protecting Brazil’s forests and strengthening climate action.”  

said Natália Renteria, Race to Belém’s Brazil Director. “By supporting JREDD+, we are helping to align state-led programs, local partnerships, and private finance in a way that delivers tangible benefits for people, nature, and the economy, in addition to climate. This is about creating lasting solutions that enable Brazil to achieve its goal of zero illegal deforestation by 2030 while positioning the country as a global leader in high-integrity climate markets.”

Companies and partner organizations supporting the declaration include: Banco do Brasil, Bayer, Bradesco, Dow, Itaú Unibanco, Itaúsa, Marfrig, Nestlé, Race to Belém, Silvania and Vale.

This collaboration demonstrates that Brazil’s private sector is ready to join leading international companies to be part of the solution — driving integrity, innovation, and investment toward a sustainable forest economy.