2024 has reportedly been a solid year for HeavyFinance, marked by significant milestones, partnerships, and a focus on sustainable agriculture.
From securing investments and launching various initiatives to expanding their impact across Europe and Ukraine, the company reports it has made strides in driving the green transition.
HeavyFinance partnered with key industry players, facilitated millions in funding, and celebrated recognition for their Green Loans and commitment to carbon farming.
According to the update from HeavyFinance, the road ahead is even more promising.
As noted in a blog post, 2024 has been a remarkable year for HeavyFinance, marked by key milestones in their mission to support sustainable farming.
A standout achievement was securing “a €10.5 million portfolio guarantee” with the European Investment Fund (EIF), providing essential financing to small and medium-sized farms to help them “adopt greener practices and meet EU climate goals.”
In addition to that, they launched a €50 million private credit fund, backed by €20 million from the EIF, to “assist agricultural SMEs across Bulgaria, Latvia, Lithuania, Poland, and Portugal in their decarbonization efforts.”
This funding is empowering farmers to “implement soil-friendly techniques, such as no-till farming, and improve sustainability across the sector.”
This year, HeavyFinance partnered with Multitude Bank, a Maltese wholesale bank, to secure a “€14 million investment into sustainable agricultural loans.”
This partnership is focused on supporting small and medium-sized agricultural businesses in Europe as they “transition to more sustainable practices, including regenerative agriculture.”
The investment is backed by a portfolio guarantee from the European Investment Fund (EIF), ensuring that the funds will be “used to empower over 500 European farms in their sustainability journey.”
Within the first week of the partnership, €1 million was “distributed to farmers. By 2025, the full deployment of this capital is expected.”
As HeavyFinance prepares to sell its first carbon credits, they have significantly expanded partnerships with marketplaces where its projects will be listed for carbon credit buyers.
One of these key partnerships is with Ceezer, a German marketplace, which will help them reach a broader range of “potential buyers and create greater market visibility for our credits.”
In addition to marketplace collaborations, they’ve forged powerful alliances with major industry players.
Linas Agro, one of the largest agribusiness companies in the Baltics, has joined forces with HeavyFinance to “transition 300,000 hectares of agricultural land in Lithuania to regenerative farming practices.”
This partnership is a significant step toward creating “a more sustainable agricultural landscape.”
They’ve also reportedly teamed up with Qemetica to remove “500 kilotonnes of CO2, furthering our mission to drive impactful climate action.”
This year, HeavyFinance reached a milestone by facilitating over “€65 million in funding to support the transition of farmers to sustainable and regenerative farming practices since their inception.”
Of this, over €15 million was financed by their “growing international investor community just in the year 2024, demonstrating strong support for the green transition in agriculture.”
The company says that what sets it apart from other programs is its holistic approach: they not only give farmers access to the carbon credits market but “provide financing to support them in transitioning to regenerative agriculture.”
HeavyFinance claims it makes it easier for farmers to “contribute in the journey to net zero.”
In 2024, they conducted their largest soil sampling campaign in Poland to date, “with an impressive 2,470 samples collected.”
This initiative is a cornerstone of their “commitment to transparency and accuracy in measuring organic carbon levels in the soil.”
To ensure the highest precision, we are partnering with a globally renowned soil sampling company, “employing advanced techniques to measure soil at a depth of 60 cm.”
This deeper analysis allows them to gain “a comprehensive understanding of the soil’s health and carbon storage capacity.”
In 2024, HeavyFinance also took a major step in “advancing regenerative agriculture by partnering with Ukrainian agricultural company Agsolco to restore 300,000 hectares of farmland in Ukraine’s western and central regions.”
This partnership aims to transform the land into “regenerative farms and certify it for soil-based carbon credits.”
Given Ukraine’s historically rich chernozem soil, the shift to regenerative practices has immense “carbon sequestration potential, with preliminary estimates suggesting up to 757.7 million tonnes of CO2 can be removed.”