ESG & Investing
Top OJ Maker Uses Green Credits to Fund Move From Diseased Trees
Oranges during a harvest at a citrus farm in Sao Paulo state, Brazil.
Photographer: Dado Galdieri/BloombergOne of the world’s biggest orange juice processors is turning to carbon credits to help finance the Brazilian citrus industry’s costly move away from disease-laden orchards.
Citrosuco and Itaú Unibanco, the largest private bank in Latin America, are partnering on a carbon credit program to fund farmers moving from the country’s main citrus belt to the Cerrado region in central Brazil, where a deadly citrus disease has not yet devastated trees.