The Nature Conservancy has partnered with BTG Pactual Timberland Investment Group through an initiative to sustainably manage forests in 11 U.S. states from the South to the Pacific Northwest.

The initiative will address “the twin crises of biodiversity loss and climate change” and assess “a wide range of conservation opportunities, including supporting habitat restoration and connectivity and generating high-quality carbon offsets,” according to a statement issued by The Nature Conservancy.

The initiative involves more than 500,000 acres managed by BTG Pactual, which sees the initiative as potentially “enhancing financial performance,” given recent efforts by investors to align portfolios with environmental and social values.

The Conservancy will be the “conservation advisor” for these timberlands, citing the potential for U.S. forests to capture nearly twice as much carbon “if concerted efforts are made to conserve more forests, plant trees and adopt climate-smart practices for managing working forests.”