Labeled the “queen of the forest” for its size and beauty, the Brazil nut tree plays an important social and environmental role in the Amazon. During the annual harvest, from November to March, when both its seeds and nuts are collected, the tree also provides a critical supplementary source of income for communities across the region.
While other natural resource management activities risk increasing deforestation in the Amazon, nut harvesting is not harmful to nature, since it depends on the forest’s continued existence. Local company Ouro Verde was created with this in mind, selling Brazil nut products marketed as sustainable, including extra virgin nut oil, nut butter and granulate. Ouro Verde created 47 jobs, and many more new business opportunities in the Amazon region, placing an economic value on the rainforest for local communities. About 1.3 million hectares of rain forest are sustainably managed by Ouro Verde supplier partners.
Ouro Verde is a shining example of the type of company WRI’s New Ventures project was created to support. Founded in 1999, New Ventures identifies, mentors, and provides promising small- and medium-sized enterprises (SMEs) with access to investment. New Ventures supports companies in six rapidly growing emerging markets – Brazil, China, Colombia, India, Indonesia, and Mexico – where the environment and development decisions being made today will impact the entire world. To date, we have facilitated more than $225 million in investment and worked with 346 innovative enterprises.
In 2010, SMEs supported by New Ventures reduced CO2 by 135,021 tons, the equivalent of removing over 112,000 cars from the road for one year. In addition, 1,490,448 hectares of land – an area larger than Connecticut - was placed under sustainable management by New Ventures companies or was conserved by sustainable land use companies in the New Ventures portfolio.