Market developments

Biocredits to finance nature and people: Emerging lessons

(International Institute for Environment and Development 2022)

A report which reviews and assesses three existing biocredit methodologies and explores three challenges in implementing an effective and fair biocredit market.

Funding the green economy: celebrating the anniversary of the first green gilt | DCM Deep Dive

(London Stock Exchange Group 2022)

A video celebrating the first anniversary of the UK Government’s green financing programme and the opportunities it presents to the market.

Fidelity launches biodiversity fund

FT Adviser (September 2022)

An announcement about Fidelity’s new sustainable biodiversity fund, which joins Fidelity’s sustainable “family of funds”, all of which have 70% or more of their net assets invested in issuers that maintain sustainable characteristics.

Biodiversity Credits: Unlocking Financial Markets for Nature-Positive Outcomes

World Economic Forum (September 2022)

A briefing paper on biodiversity credits – the current state of play, issues and questions about biodiversity credits, all illustrated by several case studies.

Barbados Swaps $150 Million of Sovereign Debt to Save Sea

Bloomberg UK (September 2022)

An insight explaining how Barbados has bought back some of its sovereign debt, thus raising money to finance the conservation of its coral reefs and other ocean environments.

Nature tech: what you can measure you can manage

Nature4Climate (September 2022)

A white paper introducing Nature tech and all the innovations needed to sit alongside existing nature-based solutions and other responses to the climate and nature crisis.

Nature in an Era of Crises: Shaping Purposeful Nature Markets

Taskforce on Nature Markets (September 2022)

A new report from the Taskforce on Nature Markets maps a detailed taxonomy and economic sizing of nature markets, i.e. those markets that explicitly value and trade nature including voluntary carbon credits, conservation, soft commodities and nature-based solutions for carbon sequestration.

Finance & biodiversité l’écosystème français

Finance for Tomorrow (March 2022)

An overview of French organisations and international funding initiatives working on biodiversity and natural capital.

BBVA creates the ‘water footprint’ loan and launches it worldwide together with Iberdrola

BBVA (July 2022)

A press release outlining BBVA’s new sustainable loan, which has been created with Iberdola. The loan focusses on reducing water footprint, which is a key priority in many companies’ sustainability policies, and can be structured as a bilateral or syndicated loan.

Belize Debt Conversion Case Study

The Nature Conservancy (May 2022)

In November 2021 the world’s largest debt refinancing for ocean conservation was completed by the Government of Belize. It reduced Belize’s debt by 12 percent of GDP, created long-lasting sustainable financing for conversation, and committed to protecting 30% of Belize’s ocean. This case study outlines the process.

Davos 2022: A key milestone in a pivotal year for nature action

World Economic Forum (May 2022)

Six public and private-sector leaders on why nature and biodiversity is important and what to do to tackle the ongoing crisis.

Survey shows biodiversity rises in importance for investors

Robeco (April 2022)

More than half of investors plan to make biodiversity a significant part of their investment policy, Robeco’s Global Climate Survey has revealed.

  • 56% of investors will make biodiversity a core strategy in the next two years.
  • 79% complain of low awareness of the financial implications of biodiversity loss.
  • Large interest in investments that can help as their impact can be assessed.

The Future of Nature Markets

Taskforce on Nature Markets (March 2022)

This paper sets out challenges and opportunities associated with the surge in monetarisation of nature across the global economy. It has been prepared as the anchor ‘white paper’ to set the scene and inform the work of the Taskforce on Nature Markets.

Rhino Bond Sold by World Bank in First Issuance of Its Kind

Bloomberg (March 2022)

The World Bank said it has priced the world’s first wildlife bond, raising $150 million that will be partly used for the conservation of black rhinos in South Africa.

Scaling Investments in Nature: The Next Critical Frontier for Private Sector Leadership

World Economic Forum (February 2022)

New World Economic Forum report on scaling investments in nature sets out an action plan for the private sector that includes standardising disclosures, measurement & monitoring.

The report stresses the need to integrate new efforts for nature-related measurement and disclosure with existing climate and ESG frameworks, and highlights role of the TNFD, IFRS Foundation’s International Sustainability Standards Board (ISSB), the Science Based Targets Network and the The Integrity Council for the Voluntary Carbon Market in driving this agenda forward.

BiodiverCities by 2030: Transforming cities’ relationship with nature

World Economic Forum (January 2022)

Cities are the engine of the global economy – contributing 80% of the world’s GDP – but their exponential growth in recent decades has come at the expense of nature. The built environment has grown by two-thirds in the first 12 years of the 21st century, leading to the degradation of local ecosystems and the loss of habitats. Urban areas are also responsible for over 75% of global carbon emissions, accelerating climate change which drives further nature loss.

Urban leaders around the world have the power and responsibility to transform cities and lead the way in tackling the interconnected biodiversity and climate crises.

This report provides a vision for cities of the future and the needed systemic shifts to develop BiodiverCities that place nature at the heart of decision-making and infrastructure investments. The report also sets out how public and private urban leaders can utilise nature to both reduce the impact of their cities on biodiversity, increase their climate resilience, and secure significant economic benefits.

Nature Benchmark

World Benchmarking Alliance (January 2022)

The World Benchmarking Alliance is measuring and tracking how well companies are performing with regards to their impact on ecosystems – and, additionally, if they are taking positive steps to restore ecosystems. 1000 companies will be measured across 22 industries between 2022 and 2023, and the first benchmark itself will be launched in December 2022.

Biodiversity Insight 2021

Environmental Finance (November 2021)

A supplement on biodiversity and business for 2021, covering TNFD, nature at COP26, the Nature Action 100, investing in adaptation and biodiversity, and others.

Natural Capital Valuation: An Incentive To Protect Nature?

S&P (November 2021)

TNFD Taskforce member S&P Global finds that natural capital accounting pricing measures could potentially encourage more forest-friendly farming practices and help tackle global deforestation, a major issue in the fight against climate change.

Nature Action 100: A proposal for targeted investor engagement on biodiversity

World Bank Blogs (June 2021)

Investors have an important role to play in addressing the twin crises of climate change and biodiversity loss, which are inextricably linked. The economic imperative to act is clear: More than 55 percent of global GDP is directly dependent on biodiversity and ecosystem services. Just as with climate change, investors should be highly motivated to mitigate biodiversity loss given the material impact nature-related risks are increasingly recognized as posing to investment portfolios.

Mobilizing Private Finance for Nature

World Bank Group (September 2020)

This paper argues that governments and regulators – supported by private finance – are the key to mobilizing private finance at scale for the protection of nature and reduction of poverty. It looks at two approaches – financing green, and directing funding towards activities which benefit the environment, and greening financing, directing existing financial flows away from activities which are harming the environment.

Nature Economy Report II: The Future of Nature and Business

World Economic Forum (July 2020)

“The second of three reports in the World Economic Forum’s New Nature Economy series, provides the practical insights needed to take leadership in shifting towards a much needed nature-positive economy.”