Indigenous Sustainable Finance and Development Goals: REDD+ in Brazil

Indigenous sustainable finance has emerged as a promising research field to understand how indigenous communities can address sustainable governance and economic development issues based on their relationship with the land and cultural aspects. Furthermore, the SDGs have offered a development guide for economies worldwide while it pushes forward the applied efforts in pursuing a sustainable future based on its 17 principles. Indigenous territories, in this case, can be understood as an essential asset that can contribute to maintaining biodiversity and remunerating communities for preserving forests, with REDD+ projects constituting a vital initiative to encourage compensation processes for economic activities. This study describes a case of indigenous sustainable finance in Brazil using REDD++ and provides linkages to the Sustainable Development Goals Agenda. Results reveal that new parameters that can contribute to REDD+ processes developed by indigenous communities in Brazil should be set, facilitating the organizational strategy, credit access, and territory governance status. Implications for sustainable finance are centered on developing successful constellations of stakeholder action toward social good through green, transitional, and heritage bonds.