BLACK JAGUAR FOUNDATION ANNUAL REPORT 2020
TABLE OF CONTENTS 1. MISSION & VALUES
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6. OUR IMPACT
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2. MESSAGE FROM THE BOARD
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7. OUTREACH
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3. PHASES OF ACTIVITY
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8. OUR PEOPLE
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4. 2020 ROUND-UP
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9. FINANCIALS
33
5. MILESTONES
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10. TO COME IN 2021
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MISSION & VALUES We are the Black Jaguar Foundation (BJF). We are driven to restore the balance between nature and mankind. We offer a tangible solution for the drastic degradation of two of our most precious ecosystems: The Amazon rainforest and the Cerrado savanna in Brazil. Our objective is simple, to plant over 1.7 billion native trees to help realize the Araguaia Biodiversity Corridor. This will improve access to resources and help to preserve our planet. The impact for each of us, will be huge. But we cannot do this alone, it will take a vast combined effort. We work with global partners who share our values and with the local farmers. It’s too late to be a pessimist.
ELIANE, NURSERY CARER, FAZENDA SANTA FÉ
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MESSAGE FROM THE BOARD This year we have all been affected by the global pandemic in different ways. In relation to our planet, Covid-19 has made it all the more clear that the large-scale destruction of nature and its biodiversity comes at a huge cost. Yet there is so much hope, and this year has also been a reminder of this fact. After years of extensive research, community building, and two successful planting seasons, in which over 76,000 native trees were planted, in 2020 we began to scale up. This year applying all we have learnt so far to our first million trees. From October to December, 50.000 of the first million trees were planted, with more on the way before the planting season ends! Two partnerships have been monumental milestones for us this year. The first is our partnership with Movida, Brazil’s leading car rental, and the second is our partnership with One Tree Planted. Together with these two partners, and our growing community of landowners and local partners along the corridor, we will plant one million native trees by the start of 2022. This year we welcomed several new landowners, with many more to come in 2021. Another highlight for us this year has been the incredible outpouring of support from our donors and existing sponsors, many of which renewed their partnerships this year. Let us not forget our amazing team who make it all happen. Our artists of restoration in the field inspire us each day with their passion and knowledge, and our dedicated team in São Paulo and Amsterdam ensure they’re able to do what they do best, restore nature! The power of nature is unbelievably strong. Within 3 years of planting, we see an impact for biodiversity and ecosystem services. Our grand project and people offer a positive story to the world that it is not too late to act and give nature the chance to revive itself. For us, this year has been a reminder of how connected we all are, and that together, there is more hope, and more life! We hope you’ll join us to plant many more millions of native trees!
Ben Valks Initiator & Board member BJF Brasil
Flavia da Cruz Carneiro Board member BJF Brasil
Janaina Noronha Rocha Board member BJF Brasil
Drs. Ingomar Klaui Board member BJF Netherlands
Bart Jaspers Board member BJF Netherlands
Drs . Jerry Griep Board member BJF Netherlnads
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All of our activities and efforts to ultimately realize the Araguaia Corridor in Brazil can be divided in 3 phases: 1 Preparation phase > laying the groundwork for our foundation year 2010 - 2018 2 Fundraising phase > starting to generate the required funds in cash year 2019/2020 onwards > 3 Implementation phase > carrying out the tasks in the field from 2020/2021 onwards >
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2020 ROUND-UP CARLOS EDUARDO OLIVEIRA, BJF FIELD COORDINATOR & DIMITRIO SCHIEVENIN, BJF PROJECT COORDINATOR AT OUR SANTA FÉ NURSERY
One last time, 2020 was an unprecedented year. A year of so many challenges, the support from our community and our ability to adapt proved to be our most valuable assets.
We changed how we interacted with our community, taking our events online, producing more global and local video content, launching our first live series, and so much more. In the field we brought in safety protocols. With these in place, our team could continue to grow seedlings through the year, and reach our planting targets. In addition to the 6,997 trees planted at the start of the year, 50,000 trees were planted with Movida and One Tree Planted as part of the first million trees. An additional 30,000 trees to come before the end of the planting season in March 2021! That leaves 950,000 of these first million to be planted from October 2021-March 2022. During 2020 we saw the first outcomes of investing in our landowner engagement. Our landowner articulators, Elyakin and Phablo have been building strong relationships, resulting in 3 new landowner contracts, totalling an additional 150 hectares of land to restore. Let’s not forget the amazing team that makes it all happen and which continues to grow! As we grow we’re also developing our governance to continue to ensure transparency both in our planting and our partnerships.
56,997
TREES PLANTED
PARTNERSHIPS
FOR FIRST MILLION TREES
FIRST GLOBAL
FUNDRAISING CAMPAIGN
3 NEW LANDOWNER
PARTNERS 7
2020
2021
WE COMMITTED TO PLANTING
WE HAVE COMMITTED TO PLANTING
WE PLANTED
THIS INCLUDES 950,000 TREES OF THE FIRST MILLION AND 15,263 FROM INDIVIDUAL & CORPORATE TREE DONATIONS
50,000 TREES
56,977 TREES
965,263 TREES
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LEARN PLANT SCALE-UP REPEAT
Corporate partnerships & individual donors Are you ready to join us? Main Sponsor-Partners: (100% of the total amount raised for the first 1 million trees)
2022-2025
Further develop the Santana do Araguaia cluster
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GROWTH PROJECTION FROM 2019 IMPACT STUDY
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OUR MILESTONES
2020 MILESTONES: PARTNERSHIPS MOVIDA CAR RENTAL AND ONE TREE PLANTED JOIN THE BLACK JAGUAR FOUNDATION TO PLANT 1 MILLION TREES!
Movida and actor Cassio Reis visited our project to see where these million trees will be planted. Take a look...
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2020 MILESTONES: PARTNERSHIPS
SCELTA RENEW THEIR PARTNERSHIP FOR A 6TH YEAR!
Scelta Mushrooms were our very first Diamond Friend, joining our community in 2015. Their support was a vital part of what enabled us to become an established organisation and it is now instrumental in our ability to scale-up and plant many more trees together. Scelta’s commitment to the Black Jaguar Foundation and to the preservation of our planet is evident, and we want to say a huge thank you for that!
SEACON LOGISTICS RENEWED THEIR PARTNERSHIP
In response to our Covid-19 update in May, Seacon Logistics got in touch asking how they could contribute and immediately showed their commitment by renewing their partnership! Seacon’s business model focuses on people, planet and profit, and their sponsorship of the BJF is just one way they are contributing to a more sustainable future.
JAN ZANDBERGEN COMMITTED TO MORE SUSTAINABLE FUTURE
Jan Zandbergen has been the proud sponsor of the Black Jaguar Foundation (BJF) since 2015. For them, the events of 2020 were a clear sign that supporting sustainable initiatives is more important than ever. “Exactly with what is going on, we choose to continue to support BJF. Restoring our planet is now more important than ever.” – Peter-Paul Zandbergen, CEO
ACCENTURE CONTINUE TO SUPPORT THE BJF
Accenture have been instrumental this year in helping us to implement our donate a tree page, among other crucial tasks. Their ongoing support has been crucial to our ability to grow and implement effective systems. In addition we’ve also received the expert support of Accenture’s Financial Consultant, Piet-Hein Goossens this year. Initially on secondment from Accenture, he has now joined the team full time.
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2020 MILESTONES: PARTNERSHIPS This year, thanks to our Donate a Tree page, we were able to create more partnerships than ever, with individuals and companies donating and giving trees as gifts around the world!
BLACK JAGUAR FOUNDATION CERTIFICATE OF TREE MEMBERSHIP This celebrates that # native trees will be planted in the name of
FIRST NAME LAST NAME
Starting at €5 for one tree, some donations were large, some were small, but all were crucial and make an impact for our future.
Your tree certificate will give you an insight into the planting process, showing you exactly where your trees will be planted and the farm where the restoration is taking place.
SCAN ME
When you donate a tree, we see this as partnership and a commitment to plant your trees with the utmost care, and with the restoration of biodiversity as our core focus.
This biodiversity corridor stretches 2600km, through the Amazon and Cerrado, in the heart of Brazil. In total, over 1.7 billion native trees will be planted, allowing nature to flourish across Brazil and helping to preserve our planet!
THANK YOU FOR RESTORING THE MOST VITAL ECOSYSTEMS ON EARTH
DD/MM/YYYY
Your trees will become part of the Araguaia Biodiversity Corridor, the longest nature corridor on earth!
SERIAL NUMBER
FIND OUR MORE AND DISCOVER OUR 12 STEPS OF RESTORATION >
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2020 MILESTONES: FIELD
THE START OF THE FIRST MILLION TREES!
In October we started planting our first million trees! It’s been a year of partnerships and this would not be possible without the support of our amazing partners Movida Car Rental and One Tree Planted!
. A TOTAL OF 56,997 TREES PLANTED THIS YEAR.
From January to March 2020, 6,997 trees were planted. From October to December 2020, 50,000 trees were planted as part of our first million trees. 30,000 more will be planted before the end of this planting season at the start of 2021!
SOS ARAGUAIA: EMERGENCY ACTION TO FIGHT FIRES IN THE REGION
With this year’s forest fires spreading to the Araguaia region we took emergency action in the form of the SOS Araguaia campaign. What started as emergency assistance to fight fires, will now develop into a preventative action plan for next year.
FIRE BRIGADE
Part of the SOS-Araguaia campaign is focused on establishing a new fire brigade to assist our local partners in fire season, a challenge for 2021!
PROVIDING JOB OPPORTUNITIES FOR A TEAM OF 36 LOCAL PLANTERS...
From October 2020 to March 2021, the first 80,000 trees are being planted. To do this we needed help from a few new team members!
This season we had an additional 36 local planters join our team. This number will increase to 300 next year to complete the first million trees.
THE GROWTH OF OUR NATIVE TREES & THE RETURN OF THE FOREST!
This year we’ve been checking up on the some of the trees planted in the previous planting seasons, as part of our 3-year maintenance programme. Thanks to our team’s commitment to quality restoration, and the advantages of the environment, our new native trees are thriving!
Watch the video to see trees of just one year old, already starting to rebuild the forest structure. We still have some maintenance work to do on these sites but the first results are extremely promising!
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2020 MILESTONES: COMMUNITY
OUR LANDOWNER COMMUNITY GROWS...
...thanks to the strong relationships developing between our team and the local communities, we have 3 new landowners on board, already adding an additional 150 hectares of land available for restoration. We started planting at these three news sites during the planting season which began in October and will continue to reforest their land in 2021.
DONATE-A-TREE PAGE
The launch of our Donate a Tree page was a huge milestone for us in 2020. It allows anyone from around the world to get involved and donate. In doing so, becoming part of one of the largest reforestation projects on earth!
NEW LOGO LAUNCHED
In with the new, out with the old! With all the progress happening it was time for an update with a logo that more accurately represents what we do.
OUR FIRST BRAZILIAN AMBASSADOR: TARCILA URSINI
In December we were honoured to have Tarcila Ursini accept our invitation to become the first Brazilian to join our inspiring group of internationally renowned Ambassadors. A huge advocate for our work Tarcila has been helping to grow our Brazilian community and we’re thrilled to officially have her as part of our team.
GOVERNANCE & TRANSPARENCY Crucial strides in our Governance project mean we now have a world-class Brazilian advisory board guiding us in our next steps and are embarking on an audit process to ensure transparency and accountability. This board meets on a quareterly basis to help guide our long-term and short-term strategy. Next step will be an audit with Baker Tilly and certification for all of the trees we are planting in the years to come.
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2020 MILESTONES: ENGAGEMENT
WORK EXPERIENCE WITH LOCAL STUDENTS
The BJF receives students from the University of Goiás to learn about the restoration process and experience the life of a forest engineer, first hand from our BJF Field Coordinator. Covid restrictions this year restricted our capacity to take on work experience students however once we can assure safety this will be back up and running.
ENVIRONMENTAL EDUCATION IN THE CORRIDOR
We’re committed to helping to provide environmental education to schools in the regions where our work takes place. This is part of an inititaive with the Secretary of Environment, Fisheries and Tourism of Marianópolis do Tocantins
This year many of our plans have had to be postponed due to Covid, but we hope to continue to offer these educational workshops in the coming years
BJF GOES LIVE!
In response to Covid decreasing our capacity to interact with our community in person, we got active online and released our first BJF live series.
This was featured on all of our platforms and gave our community an insight into our work and the technical aspects of what we do. Expertly explained by BJF Project Coordinator Dimitrio Schievenin.
FARMER ENGAGEMENT ALONG THE CORRIDOR
Brazil has some of the strongest environmental legislation in the world, at the same time, we know that the implementation of this law (environmental regularisation) is somewhat complicated for the rural owner. Therefore one of our challenges this year and going forward is our local communication. This year we produced and launched our first video WhatsApp campaign, along with radio advertisements, and billboards in the region.
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2020 MILESTONES: EVENTS
BJF TALKS IMPACT INVESTING AT THE CONVERGE CAPITAL CONFERENCE (FEB 2020)
This meeting gathered the elite of global investors and looked to shake up the impact investment scene in Brazil. In this forum, we launched the preliminary results of the Araguaia Biodiversity Corridor cost-benefit analysis. During the event, our Partnerships Coordinator in Brazil, Marina Tavares, also took part in an inspiring panel discussion, exploring the possibilities for impact investing and venture philanthropy in relation to restoring our forests.
MOVIDA BECOME B-CORP CERTIFIED & SIGNS CONTRACT TO CO-FUND 1 MILLION TREES WITH THE BJF (MARCH 2020)
On Wednesday 4th March Movida celebrated becoming a certified B-Corporation, a validation of the company’s total social and environmental impact. On this day they also signed a contract with the Black Jaguar Foundation to co-fund one million trees. ‘This agreement kick starts the first of many millions of natives trees to be planted by the Movida-BJF partnership in the years to come’. – Renato Franklin
IMPACT STUDY WEBINAR LAUNCHES THE RESULTS OF THE 2019-2020 RESEARCH STUDY (SEPT 2020)
On Wednesday 9th September, 89 guests attended from around the world for our first webinar! At the start of 2020, 11 internationally renowned scientists completed the Araguaia Biodiversity Corridor Impact Study. In this webinar, we explored the results of the study and discussed the impact for Brazil, and the world. In a year where deforestation in the country is set to reach an all-time high, we chose to focus on how ecological restoration can become part of a more sustainable future for Brazilian Agribusiness.
CONSCIOUS CAPITALISM, MOVIDA AND THE BJF EXPLORE SUSTAINABLE BUSINESS AND CARBON CAPTURE (OCT 2020) The webinar focused on the role of business in global climate change mitigation. After an introduction to the Conscious Capitalism Institute, BJF Founder Ben Valks shared the story of the Black Jaguar Foundation and our latest updates. Next, Renato Franklin, Movida CEO, discussed their developing strategy to reach their Carbon Neutral commitment by 2030, including their choice to support the Black Jaguar Foundation by planting 1 million native trees!
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OUR IMPACT
IMPACT In 2019, the BJF commissioned the Impact Study to estimate the total cost of implementing the Araguaia Corridor, in relation to the total economic, social and environmental impact. The research was conducted by eleven renowned academic researchers led by Andrea Lucchesi, professor of Economics and Quantitative Methods at the University of São Paulo, and Madhu Kanna, professor of Environmental Economics at the University of Illinois. A huge thank you to the global advisory board who oversaw the study, in particular the chair Bianca Nijhof. The study identified 13,148 private rural properties with an environmental deficit in the Corridor area. An estimated 930,704 hectares of land needs to be restored in order to realize the Araguaia Corridor. The results of the study showed the total monetized value of all the benefits associated with the landowner, the communities, and the planet, only exclusing the positive impact on water sources, this will be a key area for future studies.
Helps mitigate climate change
2
Improves biodiversity
CO
A final thank you to Shannon O’Leary Joy and the Lemann Institute for co-funding this crucial research.
Improves air quality
Provides food & forest products
source:
Preserves critical water sources
Creates rural jobs
Improves soil health
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KEY IMPACT STUDY RESULTS Not only will this project result in 262 million tons of carbon being removed from the atmosphere, but almost 38 thousand jobs will be created. In terms of economic return, the monetized environmental benefits together with additional revenue to landowners equals US$ 21.1 billion. When compared to the overall cost of completing the project, US$2.2 billion, there is a net benefit of US$ 18,9 billion. YEAR 1985
YEAR 2017
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OUR LANDOWNER HEROES We work together with landowners to create a restoration model that works for them. Providing technical and financial support to incentivise restoration and create a win-win. “BJF’s initiative to reforest and assist in this process is very important and will greatly accelerate the recovery of areas of the forest. As a consequence, the fauna will also benefit, with birds, turtles, mammals, and reptiles being allowed more space and more food to survive.” Regina Molke, Fazenda Cedro “We are proud partners of the Black Jaguar Foundation because we believe in the Araguaia Corridor project, which we support and are proud to participate in, being one of the actors in the movement in favour of biodiversity conservation in Brazil”. Marcus Mariani, Fazenda Santa Fé “It gives me great joy to be part of this movement of transition, things have to change, they need to be stirred up and we have to act differently. We have to start giving back what we’ve always taken from nature. I imagine the example we’re setting with this process!’ Daniela Tiezzi, Tiezzi Family Farms REGINA MOLKE, FAZENDA CEDRO
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OUTREACH
TIME TO TELL THE WORLD ABOUT THE BLACK JAGUAR FOUNDATION! THE FIRST BLACK JAGUAR FOUNDATION BILLBOARDS LAUNCHED IN DECEMBER 2020 You’ll now be seeing even more of the Black Jaguar Foundation with our first national Billboard campaign in the Netherlands! With the launch of our Donate a Tree page, anyone can now donate any number of trees and become part of this huge reforestation mission. Now we just need to spread the word. Look out for our billboards around the Netherlands as we’ll have more launching throughout the year!
While so much of our amazing community exists around the world, all of our work is for the purpose of planting millions of trees in Brazil. To do this we need local partnerships with landowners who allow us to restore their land. And so, we also have billboards in the Araguaia region in Brazil, promoting partnerships to local landowners.This is one small part of our increasing work to increase engagement with these local stakeholders!
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IN THE PRESS Building on the growing public interest and the progress we are making with our project, we are keen to raise our public profile and recognition. In September we were featured in Forbes magazine with the story that Arsenal football player Hector Bellerin is donating trees to our project through our partner One Tree Planted. This year we were also featured in the ‘Prestige Awards magazine’, a publication for professionals in the corporate finance and business community, after wining their award for ‘reforestation project of the year’. In August 2020, we were awarded the ‘Best International Wildlife Conservation NPO - Netherlands’ by the 2020 Benelux Enterprise Awards. In September, we actively promoted our webinar among Brazilian journalists about the results of the Green Capital Study and the positive impact of our project. Articles were published in Valor Econômico, the largest financial newspaper in Brazil, and Envolverde, a popular online news platform. Journalists from Mongabay, Reuters and Amazonia.org also joined the webinar with an interest in publishing about our project and the results of the 2019-2020 Araguaia Biodiversity Corridor Impact Study.
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THE PARTNERS THAT MAKE IT HAPPEN It was a year of partnerships for the Black Jaguar Foundation. In especially tough times, our community continued to grow and became stronger than ever. Responding to the global health crisis and the continuing climate emergency by bringing more life and hope. A huge thank you to: MOVIDA ALUGUEL DE CARROS ONE TREE PLANTED SEACON LOGISTICS SCELTA MUSHROOMS TREELOVE ACCENTURE WATERBEAR PLANT HEALTH CURE FINISH PROFILES GROUP VIEIRA REZENDE PRÓ RESULT AQUA CAPITAL CONSCIOUS CAPITALISM ELEVATE
ROEMER KAMP & PARTNERS STAR SCIENTIFIC SLEEPWISE GREENFINITY FOUNDATION SALESFORCE KIENBAUM NETHERLANDS ACTIFORCE JAN ZANDBERGEN DE HEUS BRASIL PXL WELIGHT SPECHT EMOTIONAL BALANCING WE ARE BRAIN SIDEKICK-IT
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FUNDRAISING EXCLUSIVE CORPORATE GIVING We are so excited to have signed our first big corporate sponsor partnership with Movida, the 2nd largest car rental company in Brazil. The company is part of JSL, Brazil’s largest logistics company. It is Movida’s first step to offset its carbon emissions in its mission to go carbon neutral by 2030. We also signed a 2-year sponsor partnership with OneTreePlanted, one of the leading tree-funding platforms in the USA and Canada, and in December they agreed to co-fund the first million trees. As part of this partnership, we were matched with Arsenal football player Héctor Bellerín, to be the recipient organisation for his campaign to donate £ 3,000 per Arsenal win this season. In addition to our one million tree partnerships, donations continue to grow from TheFirst600 Campaign. More notable partnerships from 2020 included new sponsorships from the Finish Profiles Group and Porticus, and so many amazing partnership renewals from companies such as Seacon Logistics, Scelta Mushrooms, Jan Zandbergen and Plant Health Cure. All of our partnerships from the year showed an amazing commitment to our future and the preservation of our planet, even in such unprecedented times, and for that we want to thank each and every one of our donors. A special thanks to our unofficial Ambassadors Floris and Natascha Wouterson who have been helping to grow our donor community for many years now!
DONATE A TREE While most of our funds are still raised through corporate giving, as we grow we want more and more people to be able to become part of this huge reforestation mission, and so, in July 2020, we are thrilled to launch our donate-a-tree page. For a €5 donation, we are able to cover the full costs of the twelve steps included in the reforestation cycle, including 3 years of after-planting forest maintenance. The campaign is in four languages: English, Portuguese, Dutch and German. In November, we officially launched our Donate a Tree page. When you donate a tree with the BJF we offer the option to give your trees as a gift. Over the festive period we asked people to give a gift that makes an impact and donate trees to their loved ones for Christmas. From the launch of our Donate a Tree page until the end of 2020, 3638 trees were raised..
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OUR PEOPLE
Meet the green team Since 2018, the BJF has been growing its core team and was able to start paying cash as remuneration for their full-time services. Both the expansion of the core team and the ability to pay remuneration has greatly improved the quality of the team as a whole. The multitude of tasks, initially taken on by a few core members who showed immense commitment are now distributed amongst a larger team of full-time professionals that. NEW TO THE TEAM IN 2020...
Carlos Willyan : Field Supervisor, Santana do Araguaia Originally from the state of Pará, Carlos Willyan joined our team in June and will be helping to expand our operations in the states of Pará and Tocantins, where our work is currently based. Supervising the planting of your new native trees, not to mention the crucial job or monitoring and caring for these new trees for 3 years after they enter the ground! Carol Sacramento : Development Coordinator, São Paulo As of August 2020, Carol became a crucial part of our growing team in Brazil and is helping us develop and build the partnerships that will allow us to plant many more trees. She’s focusing on institutional development and economic sustainability as she helps the Black Jaguar Foundation to scale up our activities in the coming years. Piet-Hein Goossens : Financial Consultant, Amsterdam Piet-Hein has over 14 years of experience at Accenture, consulting finance departments of multinational firms. He came into contact with the BJF through Accenture’s Making-a-Difference Battle and decided to commit part of his time to help establish the new BJF financial system and contributing his extensive knowledge to help drive forward the BJF mission.
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our ambassadors We are honoured to be supported by a dedicated group of seven diverse ambassadors. Knowledgeable and experienced in their fields, they serve as role models for our society. They all play an active role in supporting us, promoting our project, and providing us with their expert advice. Our team of ambassadors includes HRH Princess Basma bint Ali of Jordan, who has fully dedicated herself to advocate for biodiversity conservation. Named Hero for the Planet by Time Magazine in 1998 and in 2002, elected as a laureate of the Global 500 Roll of Honor for Environmental Achievement (UNEP). BJF Board members and Ambassadors do not receive any cash remuneration. They are only reimbursed for basic expenses such as transport to attend BJF meetings.
our brazilian advisory board In Brazil, our restoration practices are governed by our Brazilian Advisory Board consisting of renowned experts from prominent institutions such as WRI Brasil and the Brazilian Agribusiness Association (ABAG). It provides strategic support for long-term and current challenges, through in-depth, quarterly meetings and focused commitee sessions. In addition, given the country’s complex bureaucracy and history with corruption, the Advisory Board supports our credibility and transparency. The seven-member Advisory Board consists of experts in governance, ecological restoration, agribusiness, environmental compliance, corporate sustainability, the nonprofit sector and social enterprise. The board meets quarterly with BJF management and members of the BJF core team, to discuss issues ranging from new compliance policies and the appointment of an auditor to potential donors and local operational challenges.
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our extended team We would be nowhere without the support we recieve from our amazing extended team, which consists of an army of professional volunteers, landowners and suppliers. GLOBAL VOLUNTEER TEAM
The growth and continuous support from of our amazing team of professionals volunteers from all over the world has been instrumental. Contributing their time, talent and services free of charge or at charitable rates. Their unstoppable support has helped us to grow in all areas of our foundation. A special thanks to Randy Mc.Namara (Mission Coach) and Ricardo Imachita (Agronomist). OFFICIAL SUPPLIERS
We’re honoured to have an amazing community of loyal Official Suppliers who donate to our foundation in kind with their products and services! Examples are Salesforce (CRM), PróResult (Accountancy Brazil), AmstelStad (Accountancy Netherlands ), Vigics ( Video productions) Elevate (web design), Endeavour Group, Hillenaar (Outdoor) WeAreBrain (site maintenance), ScaleHub (Office supplier) , CreativeColors (print), Mat-Zet BV (book editing and printing), LaserChief (engraving) and so many others. LANDOWNERS
We are also proud to share that for a third year running, contributions in kind were received from landowners who are part of the restoration process, such as Fazenda Santa Fé and Fazenda Cedro, showing a deep committed to the project and a personal investment. in the Corridor
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FINANCIALS 33
8.1 GENERAL This is the first year that the Black Jaguar Foundation is presenting its combined financial statements in a single report. The Dutch and Brazilian entities are separate legal entities and administer their finances in two separate systems. Although we are not legally an integrated organisation, we act as such and have therefore decided to present you our combined financial statements here. In 2020 the Black Jaguar Foundation installed its own accounting system, Exact, for the Dutch entity. Accenture generously sponsored the implementation and running of the system for the year. We now have more timely and deeper insights into our finances, allowing for swifter action and more control. Amstelstad, and especially Geert Hoes, continue to be our accounting partners, for which we are very grateful. The Brazilian entity’s finances are administered by our long-standing partners, Pró Result. They have supported us since the inception of the Brazilian entity in 2016, know our Foundation well and fully support our mission. João Bosco and his team’s expertise have provided us with the comfort needed from a finance team. Many thanks to them. These partners are of great help, but to ensure we are fully compliant with all rules and regulations and to provide additional reassurance to our existing and future stakeholders, we engaged Baker Tilly to audit our Dutch and Brazilian Finances before publication of this report. Please find a summary of their report here.
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8.1.1. ACTIVITIES
The goal of the Black Jaguar Foundation, with registered offices in Amsterdam and São Paulo, is to make a tangible contribution to the realisation of the Araguaia Biodiversity Corridor. The Dutch entity is a non-profit organisation registered at the Chamber of Commerce in Amsterdam; registration number 34327956. The Brazilian entity is registered in the Cadastro Federal with CNPJ 24.230.587/0001-93.
8.1.2 ANBI
As per 2009 the Foundation was identified by the Dutch Tax Authority as an ‘Algemeen Nut Beogende Instelling’ (ANBI) - a Public Benefit Organization. All donations are deductible from the taxable income of donors as long as the Foundation maintains its ANBI status.
8.1.3 REMUNERATION OF OUR BOARD MEMBERS
None of our Board Members, Advisory Board Members or Ambassadors received financial compensation for their efforts to support to Black Jaguar Foundation with their time, connections and wisdom. We are very thankful for their selfless contributions.
8.1.4 GENERAL ACCOUNTING PRINCIPLES
The financial statements have been prepared on the historical cost convention. Assets and liabilities are presented at face value less any provisions deemed necessary.
8.1.4.1. TANGIBLE FIXED ASSETS
Tangible fixed assets are prepared at acquisition cost less depreciation and if applicable, impairments in value. Depreciation is based on the estimated useful life and is calculated as a fixed percentage of cost, taking into account any residual value.
8.1.4.2 CASH AND CASH EQUIVALENTS
Cash and cash equivalents are presented at face value. If cash is not freely available, this is taken into account in the valuation.
8.1.4.3 CURRENT LIABILITIES Current liabilities are stated at fair value.
8.1.4.4 ACCOUNTING PRINCIPLES FOR DETERMINING THE RESULT Income from donations and grants are recognised when the amounts are received.
8.1.4.5 CURRENCY
The annual accounts are presented in Euros, which is the functional currency of the organisation. Accounting for the Brazilian entity was performed in BRL. All transactions for 2020 were translated into Euros based on the average conversion rate for the year. The Balance Sheet items were converted based on the rate on 31/12/2020. The previous year Income Statement and Balance Sheet items for the Brazilian entity were translated based on the rate on 31/12/2019 and are indicative only.
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8.2 INCOME STATEMENT
Amounts stated in thousands of Euros
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8.3 BALANCE SHEET
Amounts stated in thousands of Euros
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8. 4 NOTES TO THE INCOME STATEMENT 2020 INCOME The Black Jaguar Foundation more than doubled its income in 2020. The main source of this increase was the restricted funds coming in from our new partners Movida and One Tree Planted. These funds are restricted to planting the first million trees. Many existing donors renewed their partnerships, providing a stable base for further restoration efforts. NET INCOME CAN BE DIVIDED INTO: • Non-Restricted Donations, which the Black Jaguar Foundation can spend in any manner that fits its mission to create the Araguaia Biodiversity Corridor • Restricted Donations, which the donor/grantor has earmarked for a specific purpose. Of the funds that were restricted by donors, € 30.000 was earmarked for housing and the rest for Biodiversity Planning and Reforestation • Each of the above can be provided by private sponsors, corporations, and non-profits. OPERATIONAL EXPENSES While income more than doubled in 2020, Operational Expenses only increased by 32%, mainly due to increases in field supplies and human resources, both in the field and working on promoting the Araguaia Biodiversity Corridor. In the coming years we expect the costs for field supplies and human resources in the field to increase further as our planting efforts gain speed. THE PURPOSES FOR OPERATIONAL EXPENSES WERE: The purposes for Operational Expenses were: • Biodiversity Planning and Reforestation – referring to all expenses and investments made in the field or directly related to the field work for both Biodiversity Planning and Reforestation tasks • Proposition Araguaia Biodiversity Corridor – referring to all expenses made related to communicate, promote, share the importance of the Araguaia Biodiversity Corridor, to successfully build a community of landowners, development partners and institutional partners • Fundraising – referring to all expenses related to raising the funds required for realising the Araguaia Biodiversity Corridor • Overhead referring to expenses which do not have a direct impact on the realisation or the promotion of the Araguaia Biodiversity Corridor, such as office-rent and utilities. .
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8.5 NOTES TO THE BALANCE SHEET 2020 The initiator of the Black Jaguar Foundation has kindly provided an interest free loan, to help the foundation start up. The loan totals € 384.639. It has been agreed that no more than 15% of the loan can be claimed per year and that the amount is subject to affordability by the Black Jaguar Foundation. In 2020 the total loan decreased by € 3.796. A provision of € 40.274 has been set aside for 2021 for the use of the Araguaia Biodiversity Corridor concept. This will be paid in kind. The Black Jaguar Foundation, its employees and board are not affiliated in any way with the institute receiving the funds. Social Equity strongly improved thanks to increased income in the past year that is set to be spent on Reforestation in the coming year. Our reserves were negatively impacted mainly because the positive reserves of BRL 86.667 in Brazil were devalued against the Euro.
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AUDITORS’ REPORT BLACK JAGUAR FOUNDATION Rua Castilho, 392 - 4º Andar Brooklin - São Paulo - SP CEP 04568-010 São Paulo - Brasil T: +5511 5102-2510 www.bakertillybr.com.br
Rua Castilho, 392 - 4º Andar Brooklin - São Paulo - SP CEP 04568-010 São Paulo - Brasil T: +5511 5102-2510
Independent auditors' review report
Conclusion
To the Management of Black Jaguar Foundation Amsterdam
Based on our review, nothing has come to our attention that causes us to believe that these financial statements do not present fairly, in all material respects, the financial To the Management of position ofBlack BlackJaguar Jaguar Foundation as at December 31, 2020, the performance of its Foundation operationsAmsterdam and its cash flows for the year then ended, in accordance with International Financial Reporting Standards for Small and Medium Entities (IFRS for SMEs).
www.bakertillybr.com.br
Independent auditors' review report
We have reviewed the accompanying financial statements of Black Jaguar Foundation (“Foundation”), which comprise the balance sheet at December 31, 2020 and the related income statements, statements of comprehensive income, statements of changes in equity and statement of cash flow for the year then ended, and a summary of significant accounting policies and other explanatory information.
São Paulo,(“Foundation”), April 30, 2021.which comprise the balance sheet at December 31, 2020 and the
Management´s Responsibility for the financial statements
CRC 2SP-031.269/O-1
The management is responsible for the preparation and fair presentation of the financial statements in according with International Financial Reporting Standards for Small and Medium Entities (IFRS for SMEs), and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
The management is responsible for the preparation and fair presentation of the financial statements in according with International Financial Reporting Standards for Small and Medium Entities (IFRS for SMEs), and for such internal control as management Alexandredetermines De Labetta Filho Renato Filiciano da Silva is necessary to enable the preparation of Ruiz financial statements that are free Accountantfrom CRC 1SP-182.396/O-2 Accountant material misstatement, whether due to fraud or error. CRC 1SP-268.528/O-6
Independent auditors’ responsibility Our responsibility is to express a conclusion on the accompanying financial statements. We conducted our review in accordance with the international standard on review engagements (ISRE 2400 (Revised)). These standards require compliance with ethical requirements and that a conclusion is presented if some fact it has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared in all material respects in accordance with the applicable financial reporting framework. A review of financial statements in accordance with these standards is a limited assurance engagement. The review procedures, primarily consisting of making inquiries of management and others within the entity, as appropriate, and applying analytical procedures, and evaluates the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with the international standards on auditing. Accordingly, we do not express an audit opinion on these financial statements.
We have reviewed the accompanying financial statements of Black Jaguar Foundation
related income statements, statements of comprehensive income, statements of changes in equity and statement of cash flow for the year then ended, and a summary of4Partners significant accounting and other explanatory information. Baker Tilly Auditorespolicies Independentes S.S.
Management´s Responsibility for the financial statements
Independent auditors’ responsibility Baker Tilly 4Partners, operating under the name Baker Tilly, is a member firm of the Baker Tilly International global network, Ourareresponsibility is to express a conclusion on the accompanying financial statements. whose members separate and independent legal entities. 4 We conducted our review in accordance with the international standard on review
engagements (ISRE 2400 (Revised)). These standards require compliance with ethical requirements and that a conclusion is presented if some fact it has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared in all material respects in accordance with the applicable financial reporting framework.
A review of financial statements in accordance with these standards is a limited assurance engagement. The review procedures, primarily consisting of making inquiries of management and others within the entity, as appropriate, and applying analytical procedures, and evaluates the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with the international standards on auditing. Accordingly, we do not express an audit opinion on these financial statements.
AUDITORS’ REPORT INSTITUTO BLACK JAGUAR 6YE 'EWXMPLS { %RHEV &VSSOPMR 7ʞS 4EYPS 74 ')4 7ʞS 4EYPS &VEWMP 8 [[[ FEOIVXMPP]FV GSQ FV
Rua Castilho, 392 - 4º Andar Brooklin - São Paulo - SP CEP 04568-010 São Paulo - Brasil T: +5511 5102-2510
Auditor’s responsibilities for the audit of the financial statements-www.bakertillybr.com.br Continued
Independent auditors’ report on the financial statements
Emphasis of matter
(Free translation from the original issued in Portuguese. In the event of discrepancies, the Portuguese language version prevails. See Note 12 to the financial statements.)
As mentioned in note 4.5, the Institute has legal protection for the non-payment of the As part of the audit conducted in accordance with Brazilian and international auditing ITCMD (Tax on transmission of cause of death and donations) on the donations received, standards, we exercise professional judgment and maintain our professional skepticism and must have to follow the application process from SIMA - Secretariat of the the audit. Moreover: Environment, and SEFAZ - State Secretariat of Finance. To the Managementthroughout of
To the Management of Instituto Black Jaguar São Paulo – SP
Qualified opinion on the financial statements We have audited the accompanying financial statements of Instituto Black Jaguar (“Institute”), which comprise the balance sheet as of December 31, 2020 and the related statements of income, comprehensive income, changes in equity and cash flows for the year then ended, as well as a summary of the main accounting practices and other notes to the financial statements. In our opinion, except for the effects of the matter described in the section “Basis for qualified opinion on the financial statements”, the financial statements referred to above presente fairly, in all material respects, the equity and financial position of Black Jaguar as of December 31, 2020, the results of its operations and its cash flows for the year then ended in accordance with accounting practices adopted in Brazil, specially the NBC TG 1000 (R1) – Accounting for Small and Medium–Sized Enterprises, that is alignment with International Financial Reporting Standards for Small and Medium Entities (IFRS for SMEs) non-profit entities (ITG 2002 (R1), issued by International Accounting Standards Board (IASB) and non-profit entities (ITG 2002 (R1).
Basis of the qualified opinion on the financial statements The Institute hired service providers to carry out related activities to its operation. However, it did not collect and did not constitute any provision to face possible disbursements or contingencies associated with that matter. Consequently, the liability was lower, and the equity and result of the year was the highest at approximately R$181 thousand, related to the risk estimated social security to which the Association is exposed. Our audit was conducted in accordance with Brazilian and international auditing standards. Our responsibilities, in accordance with such standards, are described in the following section entitled "Auditor's Responsibilities for audit of financial statements." We are independent in relation to the Company in accordance with the relevant ethical principles provided for in the Accountant’s Code of Professional Ethics and professional standards issued by the Federal Accounting Council, and we comply with other ethical responsibilities pursuant to these standards. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. &EOIV 8MPP] 4EVXRIVW STIVEXMRK YRHIV XLI REQI &EOIV 8MPP] MW E QIQFIV JMVQ SJ XLI &EOIV 8MPP] -RXIVREXMSREP KPSFEP RIX[SVO [LSWI QIQFIVW EVI WITEVEXI ERH MRHITIRHIRX PIKEP IRXMXMIW 3
Independent auditors' review report
Black Jaguar • We identify and evaluate the risks of material misstatement of financial statements, For donations received during fiscal year 2020, formal procedures together wereFoundation in whether due to fraud or error, plan and perform audit procedures in response to such progress, where the Institute estimates that their approval will takeAmsterdam place until the second risks and obtain sufficient and appropriate audit evidence for expressing our opinion. half of 2021. Our opinion is not qualified as to the situation. The risk of not detecting a material misstatement due to fraud is higher than due to We have reviewed the accompanying of Blackinternal Jaguar Foundation error, since a fraudfinancial can involvestatements the act of circumventing controls, collusion, Other matters or intentional misrepresentations; (“Foundation”), which falsification, compriseomission the balance sheet at December 31, 2020 and the • We obtain an understanding of the internal controls relevant to the audit to plan the Audit of the prior year's financial statements related income statements, statements of comprehensive income, statements of audit procedures appropriate in the circumstances, but not for the purpose of changes in equity and statement cashonflow for the year then ended, a summary expressing anof opinion the effectiveness of internal controls ofand the Company; The financial statements ended on December 31, 2019, presented for comparative purposes, were not audited by us, nor by other independent auditors. • We evaluate and the adequacy of accounting information. policies used and the reasonableness of of significant accounting policies other explanatory accounting estimates and related disclosures made by management; Responsibilities of management and governance for the financial • We conclude on the appropriateness of the use of the going concern accounting basis Management´s Responsibility forbased the onfinancial statements by management, and the audit evidence obtained, whether there is statements significant uncertainty in relation to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude Management is responsible for the preparation and adequate presentation of the financial The management is responsible for the preparation and fair presentation of the financial statements in accordance with the accounting practices adopted in Brazil, specially the that there is a material uncertainty, we must highlight the related disclosures in the statements with International Reporting Standards for ifSmall and NBC TG 1000 (R1) – Accounting for Small and Medium–Sized Enterprises, in thataccording is financial statements in ourFinancial report, or include a modification in our opinion disclosures alignment with International Financial Reporting Standards for Small and Medium Entities (IFRS arefor inadequate. Ourand conclusions are based on audit control evidence obtained up to the date Medium Entities SMEs), for such internal as management (IFRS for SMEs), issued by International Accounting Standards Board (IASB), non-profit of our report. However, future eventsoforfinancial conditions statements may lead the Company no determines is necessary to enable the preparation that are tofree entities (ITG 2002 (R1) and the internal controls it deemed necessary to enable the longer remain as a going concern; from material misstatement, whether due to fraud or error. preparation of these financial statements free of significant distortions, regardless of • We evaluate the overall presentation, structure and content of financial statements, whether the latter were caused by fraud or error. including disclosures, and whether the financial statements represent the underlying transactions and events in a manner consistent with the objective of fair presentation. Independent auditors’ responsibility In the preparation of financial statements, management is responsible for assessing the We communicate with those charged with governance regarding, among other issues, the ability of the Company to continue as a going concern, disclosing, where applicable, the scope, the timing of the audit and the significant audit findings, including any matters relating to its going concern and the use of this basis of accounting in preparing isplanned Our responsibility to express a conclusion on the accompanying financial statements. significant weaknesses in internal controls that we have identified during our work. the financial statements, unless management intends to wind-up the Company and its We conducted our review in accordance with the international standard on review subsidiaries or cease its operations, or has no realistic alternative to avoid the closure of Paulo, April 30, 2021. operations. engagements (ISRESão 2400 (Revised)). These standards require compliance with ethical
requirements and that a conclusion is presented if some fact it has come to our attention as a whole, are not prepared in all material respects in accordance with the applicable financial reporting Auditor’s responsibilities for the audit of the financial statements framework. Baker Tilly 4Partners Auditores Independentes S.S. Those charged with governance of the Company are the people responsible for believe that the financial statements, taken 2SP-031.269/O-1 overseeing the process of preparation of the financial statements. that causes us to CRC
Our purposes are to obtain reasonable assurance that the financial statements, taken as review of financial statements in accordance with these standards is a limited a whole, are free from material misstatement, whether due to fraudAor error, and issue the audit report with our opinion. Reasonable assurance means a high level of security, but assurance engagement. The review procedures, primarily consisting of making inquiries Alexandre De Labetta Filho Renato Ruiz Filiciano da Silva not a guarantee that an audit conducted in accordance with Brazilian and international of management and others within the entity, as appropriate, and CRC applying analytical Accountant CRC 1SP-182.396/O-2 Accountant 1SP-268.528/O-6 auditing standards always detects any existing material misstatements. Misstatements may be due to fraud or error and are considered material when, individually or takenand as a evaluates the evidence obtained. procedures, whole, can influence, within a reasonable perspective, the economic decisions of users taken based on these financial statements.
&EOIV 8MPP] 4EVXRIVW STIVEXMRK YRHIV XLI REQI &EOIV 8MPP] MW E QIQFIV JMVQ SJ XLI &EOIV 8MPP] -RXIVREXMSREP KPSFEP RIX[SVO The procedures performed in a review are substantially less than those performed in an [LSWI QIQFIVW EVI WITEVEXI ERH MRHITIRHIRX PIKEP IRXMXMIW audit conducted in accordance with the international standards on auditing. Accordingly, 5 4 we do not express an audit opinion on these financial statements.
&EOIV 8MPP] 4EVXRIVW STIVEXMRK YRHIV XLI REQI &EOIV 8MPP] MW E QIQFIV JMVQ SJ XLI &EOIV 8MPP] -RXIVREXMSREP KPSFEP RIX[SVO [LSWI QIQFIVW EVI WITEVEXI ERH MRHITIRHIRX PIKEP IRXMXMIW
WHAT NEXT FOR 2021?
LOOKING FORWARD AT THE YEAR TO COME... 965,263 TREES ON THE WAY!
From the start of our next planting season in November 2021, into the start of 2022, we will complete the planting of our first million trees PLUS the additional trees donated through corporate sponsorships and our donate a tree platfrom.
THE 2021 TREE SEEDLING NURSERY From March to May the construction will take place, to then start seedling production in June, ready to produce the seedlings from the coming planting season and to complete the planting of the one million trees.Take a look around the new nursery LOCAL ENGAGEMENT We’ll be developing our local communications by conducting in-depth research into the landscape governence along the entire corridor. We will use these insights to approach new farmers and build our landowner community. GROWING OUR TEAM We’ll be starting off 2021 hiring 3 new core team members, with more to come! Our seasonal planting team will increase to 300 members in October/November so a big focus for the year will be scaling up our employment capacity in the field to source and employ all of these new team members. MORE EXCITING PARTNERSHIPS! Amongst other corporate partnerships in the pipeline, we’re thrilled that next year our partner Treelove will launch, an organisation established by dedicated environmentalist Andrea Dreesmann to exclusively raise trees for the Black Jaguar Foundation. Find out more about Treelove...
THERE IS SO MUCH MORE TO COME IN 2021 AND WE’RE EXCITED TO SHARE IT ALL WITH YOU!
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WILL YOU BECOME PART OF OUR GRAND REFORESTATION MISSION? BJF NETHERL ANDS
WWW.BLACK-JAGUAR.ORG
Stichting Black Jaguar Foundation Office C3, Third Floor Scalehub Amstel Business Park H.J.E. Wenckebachweg 123 1096 AM – Amsterdam partners@black-jaguar.org BJF BRA ZIL
Alameda Joaquim Eugênio de Lima, 187, conj 11-01403-001 São Paulo – SP m.tavares@black-jaguar.org BJF GERM ANY
c/o Drehmoment Film GmbH Adi-Maislinger Str. 7 81373 – Munich This brochure is made of Forest Stewardship Council-certified paper.
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