The trees will be planted in Chile’s Valdiviana Forest, one of the most threatened ecosystems in the world, and will cover an area equal to 240 football pitches
This new project by Mundys’s green company will result in the removal of 80,000 tonnes of CO2, equivalent to the annual emissions of a mid-sized city
Rome, 4 May 2026 – Neya, the benefit company created by Mundys to combat climate change through carbon removal, the restoration of degraded ecosystems and projects benefitting local communities, announces a new project in southern Chile.
The initiative, which follows on the heels of Neya’s first reforestation project involving 500 hectares of land along the northern coast of Madagascar, will take place in Chile’s Valdiviana Forest, home to one of the richest and most threatened ecosystems in the world. The project will cover 170 hectares, equivalent to 240 football pitches, and will involve locally based workers, such as small and medium-sized landowners who will play their part in creating mixed native forests.
Nothofagus: Bosques Nativos Chilenos is a reforestation project in Chile developed in partnership with Taking Root and Earthshot.
The project aims to finance and support native reforestation in Chile by providing native tree species, technical training, and equipment to enable small scale farmers to establish plantations on their land. Over the long term, the project is designed to deliver environmental, social, and economic benefits for all stakeholders, supported by the development of a voluntary carbon crediting mechanism.
Reforestation activities focus exclusively on native species, with a mixed selection of Nothofagus spp., a genus comprising 43 species and approximately 10 native to Chile. Plantations are established at a density of approximately 1,200 trees per hectare.
Project scale and carbon impact
The project will be implemented as a 170-hectare, with the potential to scale up. between 7,500 and 10,000 hectares and is in a state of Project Design Document (PDD) readiness.
Over 40 years, the pilot project is expected to remove approximately 55,556 tonnes of CO₂ equivalent. The project will be registered under VERRA, an international registry for carbon projects, ensuring the application of the most relevant and up to date carbon quantification methodology.
Partners:
Taking Root
Taking Root is a Canada-based reforestation company and project developer, specialized in working with small and medium-sized landowners, delivering the project on the ground in partnership with local forestry experts with over 30 years of experience in native forest restoration in Chile.
Earthshot
Earthshot Labs is the carbon developer in the project, providing strong technical advisory to comply with the VCS standard and the highest scientific rigor though the lifetime of the project.