BNP Paribas Asset Management to acquire a majority stake in International Woodland Company.

BNP Paribas Asset Management, an asset management company, agreed to acquire a majority stake in International Woodland Company, a global forest investment services provider. Financial terms were not disclosed. “We welcome BNP Paribas Asset Management’s investment in IWC and look forward to partnering with them to grow the nature-based solutions universe together. Both companies share a vision of combining fiduciary duty and active contribution to the transition to a sustainable world. We believe that wood is the preferred material in a carbon-neutral world, and agricultural production is on an important path to deliver sustainable proteins to the global citizen. This partnership will enable IWC to expand its distribution reach and further its resources on sustainability and the EU taxonomy to the benefit of both our current and future clients,” Otto Reventlow, IWC CEO.