Financing Nature is a podcast from GFI Hive showcasing practical solutions to mobilising private financing into the restoration of nature and nature-based solutions for a greener, more resilient and inclusive global economy.
Hosted by the Green Finance Institute’s Helen Avery, each episode features an interview with leading practitioners from finance and the environment discussing solutions happening across the globe to drive private capital into nature.
Episode 26: Emily McKenzie, Technical Director, TNFD
This week Emily McKenzie joins us to share more about the inner workings of the Taskforce on Nature-related Financial Disclosures and the challenges of shifting financial flows to nature positive. The TNFD is delivering a risk management and disclosure framework for organisations to report and act on evolving nature-related risks which be launching in 2023.
Episode 25: Urs Dieterich, Managing Director, Landscape Resilience Fund
The Landscape Resilience Fund was designed by South Pole and WWF to lend to and invest in SMEs in emerging markets that are tackling climate adaptation. Urs Dieterich, managing director of the Fund, shares how climate adaptation and conservation go hand in hand, the similarities between financing both, and more about the Fund and its initial investment.
Episode 24: Mark Reed, Professor of Rural Entrepreneurship, Scotland's Rural College
What kind of standards, codes and governance structures are needed for investors to have confidence in buying carbon credits? In the UK, many carbon codes are under development to allow for the sale of credits from nature restoration. Professor Mark Reed has been a leading voice in the role of governance, as well as being the architect of the Peatland Carbon Code and involved in the development of other codes across the UK. In this episode, he shares his thinking on the next steps around governance infrastructure for the emerging UK environmental markets. You can find out more about Mark here: https://www.profmarkreed.com/
Episode 23: Louisa Kiely, Director, Carbon Farmers of Australia
Australia has been a pioneer in the development of a market for soil carbon, among other carbon markets in the the land sector. In this episode, Louisa Kiely, Director at Carbon Farmers of Australia, talks us through how the market is evolving.
Episode 22: Douglas Eger, Founder and CEO, Intrinsic Exchange Group
Natural Asset Companies, or NACs, are the creation of Intrinsic Exchange Group (IEG). They offer a new asset class to investors seeking nature positive opportunities - publicly listed companies dedicated to the restoration and preservation of nature, and with values based on natural assets. In this episode, Douglas Eger, founder of IEG walks us through how they work, and when we can expect the first listing.
Episode 21: Roel Nozeman, Senior Advisor Biodiversity, ASN Bank
In 2016, ASN Bank set itself a target to become a nature net-positive bank by 2030. That commitment led the bank to measure the biodiversity impact of its loan portfolio and investments, and, more recently, to establish the first listed fund for nature investments for the retail sector. Roel Nozeman, who leads the bank's biodiversity work, in addition to being the programme chair of the Partnership for Biodiversity Accounting Financials (PBAF), shares more about work of the bank and broader financial sector ambitions for a nature-positive future.
Episode 20: Anne-Laurence Roucher, Deputy CEO, Mirova
How can private equity investments in early stage technology firms support large-scale land restoration projects? And, what do investors in each look for? In this episode, Anne-Laurence Roucher, Deputy CEO of Mirova, shares her firm's approach to natural capital in both land and marine restoration and through private equity investments, as well as touching on the barriers and solutions to driving greater private capital into nature.
Episode 19: Taskforce on Nature Markets
The Taskforce on Nature Markets launched at the end of March. In this episode, co-chairs of the Secretariat, Simon Zadek and Marcelo Furtado of Finance for Biodiversity, share about the Taskforce's ambitions, and its work to embed "nature positive and equitable impact" across global markets.
Episode 18: Willie Watt, Chair, Scottish National Investment Bank
The Scottish National Investment Bank was set up at the end of 2020 to provide debt and equity investment to businesses in Scotland that support net zero, innovation and equality. Natural capital features high on its agenda, and chair of the Bank, Willie Watt, shares his insights on nature-related investment opportunities in Scotland and the Bank's strategy.
Episode 17: Katie Critchlow, CEO, NatureMetrics
Environmental DNA, or eDNA, is revolutionising the way companies can measure their impact on nature. Katie Critchlow, CEO of NatureMetrics, that has brought eDNA into the mainstream, shares the work her firm is doing in supporting the move to nature positive and creating investment opportunities in nature restoration. Katie also shares her insights into the role of data and technology in supporting the broader mission of financing nature.
Episode 16: Gwyn Williams, Head of Conservation Investment, RSPB
How do eNGOs begin to adopt commercial finance in order to pay for conservation or restoration aims? Gwyn Williams, head of conservation investment, shares the experience of the Royal Society for the Protection of Birds (RSPB) as the charity has expanded to debt and equity finance, in addition to exploring forms of private finance - such as peatland carbon credits or biodiversity net gain - in order to meet conservation demands.
Episode 15: Richard Speak, Co-founder and Managing Director, Finance Earth
The social impact investment market in the UK has grown to almost £10billion. What can we learn from its development and apply to the emerging nature investment space? Richard Speak, Co-Founder and Managing Director at Finance Earth and Managing Director of Finance for Sustainability, shares his experience from working in both social finance and nature finance, and highlights the key building blocks that helped the growth in social impact investment market that could be replicated to boost nature finance. In this podcast, Rich recommends reading the Adebowale Commission report: https://www.socialenterprise.org.uk/adebowalecommission/
Episode 14: Evan Bowen-Jones, CEO, Kent Wildlife Trust, Managing Director, Wilder Carbon Standards
Evan Bowen-Jones joins us for this episode of Financing Nature to talk about the Wilder Carbon Standards, and his experience of the development of nature markets as CEO of Kent Wildlife Trust. The Standards have been developed to capture benefits from beyond carbon sequestration alone, and pilots are underway to test them.
Episode 13: Radha Kuppalli, Managing Director, Impact and Advocacy, New Forests Asset Management
Sustainable forestry is becoming an increasingly sought-after investment as people look to timber as a climate solution. Radha Kuppalli, managing director of impact and advocacy at New Forests Asset Management in Australia, joins us this episode to talk about how the market is developing; how carbon is increasing the attractiveness of timber assets; and how her company is looking at impact - including the new TAFF2 - a fund with a dedicated impact tranche.
Episode 12: Gabriel Eickhoff, Co-founder and Executive Director, Lestari Capital
In this episode, Gabe Eickhoff walks us through the different businesses of Lestari Capital from driving forest restoration through the Roundtable on Sustainable Palm Oil and other certification schemes to closing the time and finance gap for carbon projects. Gabe also discusses stacking and bundling and the role of technology in improving efficiency of project development.
Episode 11: Zach Knight, Co-founder and CEO, Blue Forest Conservation
In this episode, Zach Knight, co-founder and CEO of Blue Forest Conservation, shares the details of the Forest Resilience Bond (FRB) - a financial structure that delivers outcomes from fire risk mitigation to improved water quality in the Tahoe National Forest, California. Full case study available on case study page.
Episode 10: Liv Garfield, Chief Executive, Severn Trent
In this episode, Liv Garfield, CEO of Severn Trent, shares how the water company is approaching biodiversity including working with towns such as Mansfield, as well as farmer communities. As CEO of the Council for Sustainable Business, Liv also shares about the Get Nature Positive Campaign, and the business case for companies to reduce biodiversity loss.
Episode 9: Dorothee Herr, Manager, Blue Natural Capital Financing Facility
What are the opportunities for investors in the coastal and marine space? In this episode, Dorothee Herr joins Helen Avery at GFI Hive to discuss the work of the Blue Natural Capital Financing Facility that provides funding to projects and businesses with ocean and coastal restoration at their heart, and the role of blue carbon and standards.
Episode 8: Sonya Likhtman, Manager, EOS, Federated Hermes
In this episode, Sonya Likhtman of International Federated Hermes discusses why investors are more keenly looking at companies' nature-related impacts and dependencies, and the role of stewardship and engagement. She also explains the importance of COP15, and how the finance and business community is engaging with the development of those global biodiversity targets.
Episode 7: Jeremy Leggett, Executive Director, Bunloit Rewilding
In this episode Jeremy Leggett shares about his work in nature restoration in the north of Scotland, and how he is viewing investment in natural capital - including the role of impact investors, the need for retail crowdfunding, the gap in bank debt and the importance of policies that support communities.
Episode 6: Julian Matthews, Founder and Managing Director, Real Wild Estates Company
In this episode, life-long conservationist, Julian Matthews, shares about his new company, Real Wild Estates, that is aiming to help UK land managers restore nature. The company was recently invested in by the L'Oreal Fund for Nature Regeneration - an impact investment fund.
Episode 5: Eric Letsinger, Founder and CEO, Quantified Ventures
Environmental impact bonds for water quality, carbon and water quality payments for farmers and forest recreational activities paid by motel lodging taxes - just some of the hugely innovative products developed by Quantified Ventures that guest Eric Letsinger shares on this episode of Financing Nature. Plus, what's next for Quantified Ventures.
Episode 4: Kevin Bender, Senior Director, NatureVest, The Nature Conservancy
Kevin Bender of The Nature Conservancy talks through the intricacies of the recent Belize debt conversion that include a blue loan, insurance from the IDFC, the issuance of blue bonds to investors via Credit Suisse, a Conservation Fund, an endowment and, for good measure, parametric insurance. It's a complex deal, but one that is replicable for other countries with sovereign debt trading at a discount and a commitment to conservation. One to listen to for those interested in complex deal structures and the role of sovereign debt in nature restoration.
Episode 3: Alan McDonnell, Conservation Manager, Trees for Life
Trees for Life is on a mission to rewild the Highlands in partnership with community. Alan McDonnell, conservation manager at the charity discusses how private finance and investment, such as the sale of carbon credits, and a £2million retail bond via Triodos, is helping Trees for Life reach that goal. One to listen to for those looking at investments in ecotourism, carbon or interested in how to engage community.
Episode 2: Martin Berg, Head of Natural Capital Impact Strategy, Climate Asset Management
How can large institutional investors enter into natural capital? In this episode, Martin Berg, Head of Nature Impact Strategy at Climate Asset Management discusses the opportunities available and ideas for how to scale up investing in nature. Martin also shares his experience from the EIB's Natural Capital Finance Facility and the role and ambitions of the Natural Capital Investment Alliance.
Episode 1: Sir Dieter Helm, Professor of Economic Policy, Oxford University
In our first episode, Sir Dieter Helm, Professor of Economic Policy at Oxford University and former Chair of the Natural Capital Committee reflects on its eight years of work, and revisits the plan laid out in his 2019 book, A Green and Prosperous Land - A Blueprint for Rescuing the British Countryside. Talking with GFI Hive's Helen Avery, he highlights the need for systems-based approach and the role of government in ensuring private finance finds its way into nature-based projects.
This podcast, the information therein and any related materials are not intended to provide and do not constitute financial or investment advice or a financial promotion. The comments, views, and opinions expressed are those of the speakers and do not necessarily represent the views of the Green Finance Institute. In addition, neither the Green Finance Institute nor any of its trustees, directors, officers, affiliates or members makes any representation or warranty as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.