Nomura Holdings has entered into an agreement through a subsidiary to invest in Tropical Asia Forest Fund 2 L.P. (TAFF2), a Southeast Asia forestry fund managed by New Forests Asia. Source: Timberbiz
This is Nomura’s first investment into a forest fund managed by New Forests which is the second largest unlisted forestry asset management company in the world and the largest one in Asia Pacific.
The fund manages forestry and nature-based assets with an emphasis on environmental value and positive engagement with local communities, providing a sustainable timber supply. TAFF2 is New Forests’ second fund investing in Southeast Asia, and aims to contribute to climate change mitigation, biodiversity protection, and sustainable forest conservation as part of its investment thesis.
Nomura seeks to obtain a share of excess carbon credits generated through the fund investments in forestry and carbon projects, as well as gaining financial returns.
In addition to acquiring knowledge and expertise on forestry resources and carbon credits, Nomura will focus on creating related businesses globally to take advantage of growth opportunities. The company is also leveraging its global platform, including wholly owned subsidiary Nomura Asset Management, to market multiple funds managed by New Forests, including TAFF2, to clients in Japan and overseas.
As part of its aim to Drive Sustainability, Nomura will support clients’ sustainability initiatives, including efforts to transition to a decarbonized society, and continue to provide high value-added services. Nomura remains committed to contributing to a truly enriched society by helping resolve social issues and realizing a sustainable world.
Nomura is a global financial services group with an integrated network spanning over 30 countries and regions.
