RIO DE JANEIRO, BRAZIL - The tech sector’s fascination with tree restoration as a climate solution apparently isn’t unique to U.S. companies.
Latin America’s largest e-commerce marketplace — Mercado Libre, a company with roughly twice the market capitalization of eBay at US$78 billion — is putting part of the proceeds from its US$400 million sustainability bond toward two forest restoration projects in the remnants of the Atlantic Forest (Mata Atlantica), which once covered 15 percent of Brazil.
Those projects are both managed under Mercado Libre's Regenera America program (Regeneration America program), which aims to restore . . .