Brazil Cerrado 1
Brazil Cerrado 1 is Verra VCS project 5511, proposed by NK 164 Empreendimentos e Participações S.A. (CNPJ 46.076.955/0001-23) and funded and managed by BTG Pactual Timberland Investment Group. Its start date is 18 August 2022 and its crediting period runs to 17 August 2042. Verra announced on 21 April 2026 that it had approved the first credits under the VM0047 afforestation, reforestation and revegetation methodology for this project; the registry shows 230,119 units in issuance.
Inside the project
The project instance covers 16,941 ha on the Verra registry (16,940.6 ha in the verification report; 16,924.15 ha in the boundary file's own attribute). The project description plans about 14,000 ha of commercial tree farms on former Brachiaria pasture and about 2,900 ha of native Cerrado restoration; the verification report records about 14,097.2 ha planted in eucalyptus hybrid and about 2,843.4 ha restored with native species.
The project description estimates 7,026,557 tCO2e of removals over the crediting period, 351,328 t a year. For the first monitoring period the verification report gives 261,500 VCUs before a 31,380 buffer deposit; the registry holds 230,119 issued units, the sum of the report's four vintage rows. The report's own stated net total reads 230,120. Several outlets print 7.3 Mt and about 364,000 t a year; the project's documents and the registry give the figures above.
Validation and verification are by AENOR CONFIA, S.A. (UNIPERSONAL), as the registry names it; the documents also print AENOR CONFIA S.A.U. and AENOR Internacional, S.A.U. The project description was prepared by TerraCarbon. The Project Review Report on the registry, filed under a name ending APPROVED, reads "Review Conclusion Pending" on its first page. The hub holds the registry's totals only.
Mato Grosso do Sul Cerrado landscape, photographed in 2011 before the project began. Regional context only.Regional context · Cerrado sul-mato-grossense · Leandro Neumann Ciuffo · CC BY 2.0 · 2011 · Resized; display cropSource (opens another site)Licence (opens another site)Objectives
- Convert about 14,000 ha of non-native pasture to commercial tree farms
- Restore about 2,900 ha of native Cerrado vegetation
- Remove an estimated 351,328 tCO2e a year under VM0047 over 2022–2042
- SDG targets planned in the project description: 6.6, 8.2, 12.2, 15.1, 15.2, 15.5, 15.8, 15.a; reported in monitoring report v1.5: 6.6, 8.2, 12.2, 15.1, 15.2
Approach
- Applies Verra's VM0047 methodology v1.0 (the registry shows "Version NA"). The validation comment period ran 22 April to 22 May 2025 and the verification comment period 15 July to 14 August 2025.
- The project description and monitoring report v1.0 still listed on the registry carry an earlier start date, 6 July 2022; the registered start date is 18 August 2022.
- CCB PD Summary
- CCB Project Description Draft
- VCS Draft Project Description
- CCB Project Description
- CCB Validation Report
- CCB Validation Statement
- VCS Validation Representation
- VCS Validation Report
- VCS Monitoring Report
- CCB Monitoring Report
- CCB MR Summary
- VCS Monitoring Report
- CCB MR Summary
- CCB Monitoring Report Draft
- CCB MR Summary Draft
- VCS Verification Report
- CCB Verification Report
- CCB Verification Statement
- VCS Verification Representation
- VCS Registration Representation
- VCS Issuance Representation
- VCS Listing Representation
- Project Review Report
- Public Comment Summary
- ERR Calculation Spreadsheet
- ERR Calculation Spreadsheet
- Project Boundary (KML File)
- Other
- Other
- Other
- Other
- Other
- Other
Registry
- Verra VCS project id
- 5511 (opens another site)
- Issued
- 230,119
- Retired
- 75,000
- Remaining
- 155,119
- Buffer pool deposits
- 31,380
- First vintage
- 2022
- Status
- Registered
Press coverage
- 5 Takeaways from BTG Pactual TIG and Conservation International's 20,000-Hectare Cerrado Restoration Effort (opens another site)
“became the first project globally to receive credits under Verra's VM0047”
- BTG Pactual TIG closes Latin American reforestation strategy at $1.2bn (opens another site)
“In April 2026, its Brazil Cerrado 1 project became the first globally to be issued credits under Verra's VM0047 methodology”
- Brazilian Project Becomes First To Earn Credits Under Verra's New Reforestation Methodology (opens another site)
“approximately 7.3 million tonnes of carbon dioxide equivalent (CO2e)—around 364,000 tonnes annually”
- Verra's first approved credits under VM0047 ARR Methodology (opens another site)
“approximately 7.3 million tons of CO₂”
- Verra Approves First Credits under VM0047 ARR Methodology (opens another site)
“… 230,120 Verified Carbon Units (VCUs) …”


