South Pole and Australian Agribusiness Group Investment Management (AAGIM) announced a strategic partnership on Nov. 21 to jointly develop agriculture-focused projects that bring down carbon emissions.
South Pole identified an opportunity for AAGIM to procure land on behalf of its customers. The land will have the potential and eligibility for CO2 abatement and biodiversity projects.
According to AAGIM, the company considers the evolving CO2 markets an opportunity to secure a higher return on investment across a diversified portfolio while implementing sustainable agriculture practices.
As part of the partnership, AAGIM will shortlist the properties that meet client requirements and will look after the daily management of the agricultural assets, including the execution of CO2 projects.
South Pole will carry out a comprehensive feasibility study of the land to identify CO2 project methods and benefits, such as increased productive capacity, and will provide estimates of CO2 abatement.
South Pole is seeking expressions of interest for this program from companies with decarbonization targets and capital to invest in Australia.