CHICAGO, Oct. 21, 2025 – JLL (NYSE: JLL) today announced it is partnering with Brightwater, a company that customizes climate-impact investments to enhance the health of coastal ecosystems and bolster the economies of coastal communities, and the Government of Belize, to develop a significant nature-based carbon removal project at the Turneffe Atoll, Belize. This unique public-private collaboration is projected to generate 500,000 metric tonnes of high-quality blue carbon credits through the conservation and restoration of local mangrove ecosystems, offering a compelling investment solution for companies seeking to achieve net-zero and nature-positive goals while also bolstering the local economy and offering tangible community benefits.

Through this partnership, JLL has provided leadership in investor selection, negotiations and project documentation to complement Brightwater’s expertise in preserving and protecting coastal ecosystems. Brightwater is also supported by several international technical advisors in the science, engineering and carbon verification and registration space. A feasibility study provided a promising outlook for this project and its ability to not only protect regional biodiversity but also establish a scalable framework for future blue carbon initiatives across Belize.

"JLL is proud to partner with Brightwater and the Government of Belize on this transformative initiative that connects meaningful investment with blue carbon ecosystem preservation," said John Musgjerd, Senior Managing Director at JLL. "Through this collaboration, we can accelerate sustainable economic growth that benefits both investors and local communities while advancing global climate goals."