Aviva Investors partners with Climate Impact Partners to invest in Colombian afforestation project

22 April 2026

(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has funded a large-scale afforestation and restoration project in Colombia, partnering with Climate Impact Partners, a global leader in high-quality carbon market solutions.

Situated in the Vichada region of Colombia’s eastern plains within the Orinoquía, one of the most biodiverse regions on Earth, Llanos Vivos is being developed by &Forest and Climate Impact Partners, and funded by Aviva Investors.

The project, which spans up to 13,600 hectares of currently degraded and under-productive grassland, will create a forest the size of Paris. The initial phase is expected to sequester 2.4 million tonnes of carbon, generating high integrity carbon removal credits. At full-scale, it will have the potential sequester more than six million tonnes of carbon over its lifespan.

Alongside this, the project is expected to deliver benefits for local communities, with more than 110 local jobs created during peak planting seasons, including roles in planting, machinery operation, nurseries, and long-term forestry management and protection. Dedicated areas of land will be allocated to community-run farms, supporting local food production, skills development, and livelihoods.

Situated in an ecologically significant area, the new forest will create ecological corridors, supporting natural regeneration across the wider landscape. A majority mix of native species will be planted, strengthening biodiversity and the long-term resilience of the ecosystem. Once established, the forest is expected to be designated as conservation land, securing the permanence of the forest and its carbon removal outcomes.

Climate Impact Partners is the project originator and delivery partner to Aviva Investors, providing ongoing management across the area, while &Forest, a specialist forest project developer, will act as on-the-ground implementation partners.

Aviva Investors is funding the project through its Carbon Removal Fund, which aims to deliver investment returns whilst also supporting institutional investors’ long-term climate ambitions by investing directly in nature-based and engineered carbon removal solutions. The fund targets the restoration of degraded landscapes and the creation of new biodiverse forest systems, whilst generating high-integrity carbon removal credits, providing investors with a hedge against transition risks and a diversifying asset class. As part of its investment, Aviva Investors will receive rights to a share of future carbon credits generated through the project, generating both environmental and economic value.

Greta Talbot-Jones, Director, Natural Capital, and co-Portfolio Manager of the Carbon Removal Fund at Aviva Investors, said:

"We are very pleased to be working with leading specialist land managers and development partners on this project. Investors are increasingly viewing carbon removal strategies as a way to diversify their portfolio and hedge against transition risks, rather than solely impact investments. This is a great example of investment activity that can generate long-term outcomes for investors and help them align with long-term climate ambitions, whilst also delivering a range of socioeconomic and nature-based benefits."

Sheri Hickok, CEO at Climate Impact Partners, said:

“Institutional investment is critical to scaling high‑quality carbon removals and accelerating the transition towards an infrastructure‑like carbon market. Through this partnership with Aviva Investors, we’re showing how long‑term capital can directly support the development of high‑integrity, nature‑based carbon projects - providing the certainty projects need and the durability investors demand. By structuring projects to deliver measurable, long‑term impact, we’re helping unlock carbon removal as a credible, investable asset class.”

Johan Larsson Managing Partner at &Forest, said:

“This project restores forests with significant ecological and biodiversity values while also delivering socioeconomic benefits to local communities. We are very excited to partner with a leading investor and carbon market project expert to achieve this. The financing of carbon removal enables us to implement this kind of high-impact forestry project in remote areas where traditional forestry projects are not viable, thus bringing benefits and opportunities to communities in these regions.”

Climate Impact Partners will register the project under Verra’s latest afforestation and reforestation methodology (VM0047), which is approved under the Integrity Council for the Voluntary Carbon Market’s Core Carbon Principles label.

For more information contact:

Steve Ainger

Head of Media Relations

James Morgan

Media Relations Manager

Laura Cocker

Media Relations Manager

Thomas Green

Media Relations Manager

Important information

About Aviva Investors

Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 9 countries in Asia Pacific, Europe, North America and the United Kingdom with £262 billion in assets under management as at 31 December 2025.

About Climate Impact Partners 
Climate Impact Partners is the trusted partner for organizations taking ambitious climate action. With 27+ years of experience, they have helped leading businesses reduce more than 150 million tonnes of CO₂e - turning climate ambition into measurable results. They deliver high-quality carbon market solutions:  developing and financing impactful projects with local partners, managing carbon credit and energy attribute certificate portfolios, and helping companies put a price on carbon to drive change. By connecting corporates, governments, innovators, and project partners, they accelerate investment in climate solutions that deliver verified impact and advance progress toward net-zero goals. 

Key risks

Investment risk: Investment values can fluctuate, and past performance is not indicative of future returns. Investors’ capital is at risk

Policy and regulatory risks: changes in government policies, regulatory frameworks, and compliance requirements, which can impact project viability, funding, and long-term sustainability. 

Delivery and counterparty risks: There are risks of delays or failures in delivering promised carbon removal services and the reliability of partners or stakeholders in fulfilling their contractual obligations.

Climate and physical risks: impacts of extreme weather events, changing climate conditions, and natural disasters, which can disrupt operations, damage projects and infrastructure, and affect the effectiveness of carbon removal processes.

Price and value risks: fluctuations in the market price of carbon credits and the uncertainty of the long-term economic value of the carbon removal project, which can affect project returns. The generation of carbon credits and positive returns from them are not guaranteed.

Technology and methodology risks: uncertainties and potential inaccuracies in the measurement, reporting, and verification processes, which can affect the credibility and effectiveness of the carbon removal outcomes.

Reversal and permanence risks: potential for sequestered carbon to be released back into the atmosphere due to factors like land-use changes, natural disturbances, or project failures.

Illiquidity risk: difficulty of selling an asset quickly if required without significantly impacting its price, which can limit financial flexibility and increase investment risk.

Emerging Markets Risks: Investments in emerging markets carry additional political, legal, and corporate governance risks compared to developed markets. 

Investments in natural capital, private and venture capital, and other private market assets incur higher costs and expenses compared to public market assets. These costs are borne by the Fund and disclosed in the Private Placement Memorandum.

This summary highlights key risks but is not exhaustive. Investors should read the Private Placement Memorandum for a complete description of risks and conduct appropriate due diligence before making any investment decisions.Important information

Except where stated as otherwise, the source of all information is with the alternative investment fund manager, Aviva Investors Global Services Limited, as of January 2025. Unless stated otherwise, any views, opinions and expected returns expressed, are those of Aviva Investors and based on Aviva Investors internal forecasts. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature. The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested.  Past performance is not a guide to future returns.

The information within this document is based on our current understanding of taxation and is not to be construed as investment, legal or tax advice. The basis and rates of tax may change in the future. Some of the information within this document is based upon Aviva Investors estimates at the time of issuance. These should not be relied on by anyone else for the purpose of making investment decisions.  Prospects should obtain and rely on their own examination of the Fund, prior to making an investment decision and it is advised that parties engage their own professional advisors. This document should not be taken as a recommendation or offer by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such an offer or solicitation.

Where relevant, information on our approach to the European Regulation 2019/2088 of the European Parliament and the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (the “SFDR Regulation”) in Luxembourg on 10 March 2021, including policies and procedures can be found on the following link: https://www.avivainvestors.com/en-gb/capabilities/sustainable-finance-disclosure-regulation/.

Aviva Investors Sustainable Outcomes SCSp SICAV-RAIF is a Luxembourg special limited partnership under the reserved alternative investment fund (fonds d'investissement alternatif réservé) regime within the meaning of the Luxembourg Law of 23 July 2016 (“RAIF Law”). The Fund itself being an alternative investment vehicle, is not regulated by the Luxembourg CSSF or any foreign regulatory authority, while its AIFM is regulated entity under the Luxembourg CSSF. As a consequence, Investors will not benefit from the same investment protection regime applicable to regulated Luxembourg collective investment schemes. Units are reserved to Institutional Investors and Well-Informed Investors who are aware of the risks attaching to an investment in a fund investing in direct or indirect interests in real estate. The Prospectus or Offering Memorandum (as relevant) of Aviva Investors funds are available together with the Report and Accounts free of charge by contacting us at the address below.

The AVIVA INVESTORS SUSTAINABLE OUTCOMES SCSp SICAV-RAIF consists currently one sub-fund: Aviva Investors Carbon Removal Fund.

Aviva Investors Luxembourg, a Luxembourg public limited liability company (société anonyme) governed by and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2, rue du Fort Bourbon, L-1249 Luxembourg, Grand Duchy of Luxembourg, and registered with the RCS under number B25708, has been appointed as the AIFM of the Fund. The AIFM is authorised and regulated by the CSSF (firm reference number A00000592).

Issued by Aviva Investors Global Services Limited, registered in England and Wales No. 1151805. Registered Office: 80 Fenchurch Street, London, EC3M 4AE. Authorised and regulated by the Financial Conduct Authority.