In the Peruvian Amazon, a company - community partnership is attempting to enhance the livelihood strategies of Brazil nut producers and provide incentives to maintain the forest on which they depend. The initiative, called the REDD Project in Brazil Nut Concessions in Madre de Dios, Peru, was initiated by the company Bosques Amazonicos SAC (BAM) in partnership with the Federation of Brazil nut producers of Madre de Dios (FEPROCAMD). BAM is a private, for-profit, company established in 2004 and dedicated to the conservation, protection, restoration and sustainable management of tropical forests. The company believes that private capital can play a key role in developing a sustainable world. FEPROCAMD is the principal organization representing nut collectors in the region. Brazil nut production supports forest conservation because Brazil nuts are only produced by trees that grow in native forests with an intact forest canopy (Ortiz 2002). In 2009 BAM signed a partnership contract with FEPROCAMD. Under the contract, in exchange for carbon rights to 405 Brazil nut concessions, BAM provides participating producers with technical and financial support and a share of profits from carbon offset sales. BAM is also building a Brazil nut processing plant that will be managed by staff hired by the shareholders board, which includes representatives of BAM and the producers. In 2012, the initiative was validated under the VCS and in 2014, it was certified by the CCBA. While still not fully underway, the initiative provides an innovative example of approaches to REDD+ involving the private sector and forest producers in a threatened, biodiverse region.