LATAM announces first conservation project

LATAM Group announces its first sustainability project dedicated to the conservation and restoration of an iconic ecosystem in South America. The project, titled CO2BIO, is located in the Colombian Orinoquía and covers more than 200,000 hectares of flooded savanna. Over the next few months, the group hopes to unveil new alliances in the countries where it operates in the region.

CO2BIO has been promoted by the Cataruben Foundation and has the support of the Natural Wealth Program of the United States Agency for International Development (USAID) and Panthera Colombia. This is the first project in LATAM Group’s portfolio that supports the challenge of offsetting 50% of its domestic routes by 2030 and achieving carbon neutrality by 2050.

“CO2BIO is the first project in LATAM's portfolio dedicated to the conservation and rehabilitation of iconic ecosystems in South America. Projects like this allow us to advance in three areas: protecting the natural heritage of our region for future generations, combating climate change through greater CO2 capture, and contributing to improving the quality of life of local communities,” said Roberto Alvo, CEO of LATAM Group. "Through this project, we are taking a concrete step to meet our goal of offsetting 50% of domestic emissions by 2030 and achieving carbon neutrality by 2050."

The CO2BIO project includes activities for the conservation of forests, wetlands and grasslands, in addition to promoting the development of sustainable production activities in the departments of Casanare, Vichada, Arauca and Meta. Over 190 families live in the area, which form part of the conservation project of the 200,000 hectares of flooded savanna, home to more than 2,000 species of flora and fauna.

Through conservation and rehabilitation actions, this initiative will capture 1 million tons of CO2 between 2021-2023 and has the potential to capture up to an additional 2.8 million tons by 2025.