Habitat Bank of Meta
First in Colombia and Latin America
With a private investment of 1.5 million dollars, in December 2016 the first Habitat Bank in Colombia and Latin America was launched.
The project is located in the municipality of San Martín de los Llanos in the department of Meta, in the sub-basin of the Metica River.
To ensure effective offsets, it is expected that the Habitat Bank - Meta will secure permanent and sustainable conservation results for a 30 years term.
In this way, it will be possible to achieve the restoration of degraded ecosystems and the conservation of the natural forest. Finally, it aims to reduce the costs of biodiversity compensations for companies, which would be reflected in a highly profitable investment, which guarantees the sustainability of the property.
Below is a video that briefly explains how the Habitat Bank - Meta works:
First Habitat Bank for Colombia
Habitat Bank - MetaIt is the first of these mechanisms to obtain registration with the Ministry of Environment and Sustainable Development. (MinAmbient). This is an essential requirement to be able to comply with the actions derived from obligations such as environmental compensation and the compulsory investment of no less than 1%. The registration was carried out on November 10, 2017, as recorded indocument number DBD-8201-E2-2017-034514 from the Department of Forests of the Ministry of Environment.This procedure was carried out in accordance with the provisions of theResolution 1051 of 2007, which indicates the necessary requirements for the implementation of Habitat Banks in the country.
If your work, project or activity is in any of the blue areas of the maps that appear on the side, youcan comply with its environmental obligations in this Habitat Bankderived from compulsory investments of no less than 1% or compensation for loss of biodiversity, both mandatory and voluntary.
For additional information you can contact us or leave your questions through the tab de Contact.
of the area
With the implementation of this Habitat Bank,601.84 hectares of natural forests and savannas of the Orinoquía will be protected, strongly affected ecosystems in the region, which are susceptible to continue being transformed, becausethey have a very low or null representation within the national system of protected areas.
Currently the area where the Bank is located has natural forests in a good state of conservation, making there ahigh potential for natural regeneration and a great opportunity for restoration. The open areas of natural savannah have been protected for more than a decade without carrying out any type of activity in them, which is very important if one takes into account that at present there are very few savannah areas where no they carry out livestock practices, an activity that affects the natural dynamics of the ecosystem.
Species of conservation importance
According to secondary information and the baseline characterization carried out, in this Habitat Bankwe are protecting more than 160 species of vertebrates, between birds, mammals, amphibians and reptiles, and 38 species of fish that take advantage of the large number of microhabitats of this project that function as a refuge for feeding and reproduction.
This Bank serves as a habitat for at least 2 endemic species,40 species that are listed in one of the CITES appendicesand 8 species within some of the IUCN threat categories. Some relevant records areLowland tapir (tapirus terrestris)which is found at the national level in a critical state of conservation and theMountain Cocoa (Pachira speciosa)an endemic plant species.
Get to know the experience of the owners of theRey Zamuro-Matarredonda Nature Reservesin the process of linking to the Habitat Bank!
“Habitat Banks are economically profitable”
Interview: Gladys Tamayo. July, 2021
Gladys Tamayo is part of a family that for more than a century has been dedicated to cattle ranching in the eastern plains of Colombia, but along with these productive activities, they have been convinced of the conservation of ecosystems and the importance of preserving them for the enjoyment of his family and the entire municipality of San Martín, Meta.She and her family were pioneers in linking properties to Habitat Banks projects in Colombiaand in this interview he tells us his reasons for betting on this project.
Media coverage of the launch of the Meta Habitat Bank
This was the coverage of the launch of the first Habitat Bank in Colombia:
- Multilateral Investment Fund - Member of the IDB Group: The Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB), Terrasos SAS, and property owners in Meta have committed to building the first Habitat Bank in Colombia. This is a solution for the implementation of environmental offsets, which is expected to achieve greater efficiency, visibility and quality of environmental offsets. See more here.
- Corporate Responsibility and Sustainability Communication - ComunicaRSE:The first Habitat Bank in Latin America has been launched, which has a results-based payment scheme for environmental compensation of licenses. The scheme materializes with a total investment by the MIF, the Terrasos company and the property owners of 1.5 million dollars. It is expected to restore degraded ecosystems, conserve natural forests and increase farm productivity, in addition to reducing costs for companies with compensation requirements. See more here.