The achievement marks a major step forward in promoting sustainable practices and the company's aim of generating 250,000 carbon credits from 100,000 hectares of agricultural land by the end of 2024.

The €40 million has been distributed across almost 1,400 different projects, fostering connections between small and medium farmers and a global investor community consisting of over 9,000 registered investors worldwide including countries such as France, Germany, Spain and the United Arab Emirates.

The distribution of the total investment in each country is as follows:

• Bulgaria: 9.20%
• Latvia: 4.59%
• Lithuania: 66.62%
• Poland: 14.36%
• Portugal: 5.18%

Unlike traditional stock market returns, which have averaged 9.89% over the last 30 years (7.31% when adjusted for inflation), investors in HeavyFinance's debt capital investment platform are currently experiencing an average return of 13.16%, consistently rising due to the high profitability of Green Loans.  

Typically, Debt Capital Investments average around 7% to 10% returns.

In June alone, some HeavyFinance investors notably benefited from an impressive interest rate of 33.85%, a significant comparison to the average interest rate for investors in the same month being 13.5%.

Laimonas Noreika, Co-Founder of HeavyFinance, commented: “We are proud to have hit such a milestone, and look forward to continuing our efforts in global outreach. International impact investments and the financing of sustainable practices is proving a crucial way to tackle climate change and is key to our commitment of removing one gigaton of carbon dioxide emissions by 2050, benefiting everyone.”

This achievement comes at a critical time as the world faces rampant heatwaves threatening the environment and global food security. Scientists have recently issued warnings about the potential future of crop failures on land and the silent dying of oceans due to escalating global heating.

The European heatwave of 2018 resulted in multiple crop failures and up to a 50% loss of yield in central and Northern Europe. In 2022, record temperatures in the UK also caused fruit and vegetables to perish on the vine.

According to further research, the frequency of heatwaves is projected to become 12 times more prevalent by 2040 compared to pre-warming levels. As the frequency of heatwaves increase, nature may struggle to recover from the impact of these extreme weather conditions.

By financing agricultural loans and supporting sustainable practices, HeavyFinance aims to play a vital role in mitigating the effects of climate change and securing a resilient future for agriculture.