|
|
|
|
|
|
|
Welcome to the second edition of the Land Use Finance quarterly newsletter, created to keep you up to date on highlights and news from the Forest Investor Club (FIC) and Forest Finance Risk Consortium (FFRC), and their members and partners. We are pleased to announce Giulia Carbone, Director at WBCSD, will be overseeing the work of the Forest Investor Club and Forest Finance Risk Consortium.
In this edition, we feature several updates from FIC and FFRC members, including:
- The first investment for the Tropical Asia Forest Fund 2 (TAFF2) from New Forests;
- Key findings from Global Canopy’s 10th annual Forest 500 report;
- A investment update from Mirova and its Climate Fund for Nature;
- A new article from CDP exploring how landscape-scale implementation and finance can tackle the critical issue of deforestation;
- And a new publication from Innovative Finance for the Amazon, Cerrado and Chaco (IFACC) on the role of transitional finance in meeting land-use climate goals.
Thank you for your interest and support of the Forest Investor Club and Forest Finance Risk Consortium. We look forward to sharing future updates and announcements through these quarterly newsletters.
|
|
|
|
|
|
|
|
| |
|
From forests to futures: how Natural Climate Solutions are changing lives around the world
In this article, Giulia Carbone, Director at WBCSD, outlines how natural climate solutions (NCS) combat climate change, biodiversity loss, and inequality. NCS projects are aimed at the conservation, restoration and improved management of land in order to increase carbon storage or avoid greenhouse gas emissions. NCS can provide around 30% of the emissions reductions needed to limit global warming to 1.5°C by 2030. This article discusses why scaling up NCS is vital to reaching global climate and nature goals, with trust and transparency being key elements for success. Read the full article via the World Economic Forum.
|
|
|
|
| |
|
|
|
|
| |
|
New Forests’ Tropical Asia Forest Fund 2 to invest in Kuan Kreng Landscape Peatland Conservation and Restoration Project in Thailand
FIC member New Forests recently announced the first investment for its Tropical Asia Forest Fund 2 (TAFF2), investing in conserving and restoring the Kuan Kreng Landscape (KKL) in Thailand, which holds the country’s second-largest peat swamp forest area. New Forests has established a local entity, Restore Nature (Thailand), which works closely with the Thai government and local community groups to design and develop a carbon project to protect and restore degraded peatland and peat swamp forest in the landscape, improve biodiversity, and enhance local community livelihoods. Approximately 40% of the KKL landscape is suitable for a carbon project and according to projections, has the potential to generate on average over 500,000 carbon credits per year.
Learn more
|
|
|
|
| |
|
|
| |
|
Mirova Raises Over €195M from Corporate Investors for Nature Restoration Fund
FIC member Mirova has now raised more than €195M for its Climate Fund for Nature, aimed at supporting high-quality projects dedicated to nature protection and restoration, with new corporate investors Capgemini, Unibail-Rodamco-Westfield, and MANE joining initial investors Kering and L’OCCITANE Group. Introduced in late 2022, Mirova’s Climate Fund for Nature aims to mobilize capital from companies committed to a low-carbon, nature-positive transition, with investments supporting high-quality projects dedicated to protecting and restoring nature in emerging markets, as well as supporting farmers in their transition to regenerative agriculture.
Learn more
|
|
|
|
| |
|
|
|
|
|
Major companies and financial institutions are persistently ignoring their role in driving deforestation
Global Canopy’s 10th annual Forest 500 report reveals that voluntary private sector action has failed to generate meaningful progress on commodity-driven deforestation. The report reveals “10 lessons from 10 years of data.” Chief among them is the need for regulation for companies and financial institutions. 23% of the companies and financial institutions that have been featured in each of the 10 annual assessments have still not published a single commitment on addressing deforestation, and 63% of companies that have set commitments are failing to publish adequate evidence of their implementation.
From calls to action to action on nature: a landscape approach | CDP
Despite international pledges and two-thirds of companies reporting some level of forest-related risk that will impact their business through CDP, only 12% of reporting companies claim to be close to removing deforestation from their supply chains. It is evident that the systemic and collective problems surrounding deforestation require systemic and collective solutions. This recent article from CDP, an FFRC member, and authored with Clarmondial, a specialist in nature-related financial solutions, explores how landscape-scale implementation and finance can tackle the critical issue of deforestation.
IFACC Guidance Series: The Role of Transitional Finance in Meeting Land-Use & Climate Goals
This new publication by Innovative Finance for the Amazon, Cerrado and Chaco (IFACC) was created to support Latin American banks, investors, and soft-commodity companies with significant portfolio exposure to agricultural production in understanding the linkage between Land Use Change (i.e., deforestation and natural habitat conversion) and climate targets, and how transitional finance mechanisms can support them in accomplishing their climate commitments. The publication demonstrates how, through the creation of innovative Deforestation and Conversion-Free (DCF) financial products, financial institutions and soft-commodity companies can drive the shift of agricultural supply chains toward full alignment with climate goals.
|
|
|
|
|
|
-
Download the FIC Annual Report: This inaugural report shares insights on current barriers to investing in nature-based solutions, the landscape of initiatives working on investment solutions, FIC’s progress to date, and case studies that showcase real-world examples of innovative investment strategies. Download the report.
-
Download the FFRC Report: “Deforestation-free finance: a guide on tools and frameworks for financial institutions” shares guidance frameworks, tools for analysis and implementation, and key data to support investors and financial institutions interested in taking action on deforestation. Download the report.
|
|
|
|
|
|
|
World Business Council for Sustainable Development
SUBSCRIBE
|
|
|
|
