private sector investments in sfm - united nations · 2019. 8. 7. · 1 consulting│ enginnering...
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CONSULTING│ ENGINNERING │ MANAGEMENT
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PRIVATE SECTOR INVESTMENTS IN SFM
IVAN TOMASELLI
www.stcp.com.br
STCP.COM.BR
UNFF12 PANEL DISCUSSIONS
NEW YORK, USA
MAY 2017
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WHY PRIVATE SECTOR WOULD INVEST IN SFM?
ü TO ENSURE THE SUPPLY OF FOREST
GOODS (AND SERVICES)
• TIMBER
• NON TIMBER PRODUCTS
• TOURISM??
• WATER??
• OTHERS??
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TIMBER CONSUMPTION AND SOURCES
ü GLOBAL CONSUMPTION: 4 BILLION M³/ YEAR
ü POTENCIAL SOURCES
• FOREST PLANTATIONS
- 290 MILLION HA
- 1.5 – 2.3 BILLION M³/ YEAR
• NATURAL FORESTS
- 4 BILLION HA
- 2.0- 2.8 BILLION M³/ YEAR
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INVESTMENTS REQUIRED TO MANAGE THE FORESTS
ü FOREST PLANTATIONS
- USD 55-70 BILLION/YEAR
ü NATURAL FORESTS
- USD 70-90 BILLION/YEAR
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SFM REQUIRES
ü INVESTMENTS
ü EXPERTISE/ TECHNOLOGY
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PRIVATE SECTOR INVESTMENTS
ü DOMESTIC- DDI
ü FOREIGN- FDI
- INDUSTRY
- INSTITUCIONAL INVESTORS (TIMOS)
- PRIVATE INVESTORS (PROFESSIONALS,
LAND OWNERS, ETC)
- PHILANTROPIC ORGANIZATIONS
- OTHERS
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PRIVATE SECTOR INVESTMENTS
ü INVESTMENT DECISION
BASED ON THE ASSESSMENT OF FACTORS
THAT ARE DIRECTLY OR INDIRECTLY
AFFECTING THE STRATEGY OF MAXIMIZING
ITS ECONOMIC VALUE
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PRIVATE SECTOR INVESTMENTS
ü DEPENDS ON THE
INVESTMENT CLIMATE
Increased DI
Increased Return
Improved
Investment Climate
SUPRA INTER INTRA FACTORS
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INTRA SECTORIAL FACTORS
ü ARE THE MOST RELEVANT TO IMPROVE INVESTMENT CLIMATE
ü INCLUDE:
- FOREST POLICY
- AVAILABILITY OF FOREST RESOURCES AND FOREST VOCATION LANDS
- MARKET AND MARKET ACCESS
- INFORMATION
- TECHNOLOGY AND EXPERTISE
- LIMITATIONS/ RESTRICTIONS AND TRANSACTION COSTS
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INSTITUTIONAL INVESTORS ü GAINING IMPORTANCE
- EQUITY FUNDS, PENSION FUNDS, INSURANCE COMPANIES, LARGE FORTUNES
ü TIMOS
- CURRENTLY MORE THAN 100 IN OPERATION
- 30 LARGEST TIMOS: MANAGE AROUND USD 60 BILLION
ON FOREST ASSETS
- REPLACED INDUSTRY
ü STRATEGY
- INVESTMENT EXIT: 10 – 15 YEARS
- TIMBERLANDS MANAGED TO MAXIMIZE RETURNS
- IMPLICATION ON RESEARCH AND DEVELOPMENT (EXPERTISE)