Please find below links to websites, reports and articles that discuss nature and finance. These are regularly updated and shared in the monthly GFI Hive newsletter.

Report: Managing Carbon Assets from Investments in Nature Climate Solutions

Date Published: April, 2022
In this paper, New Forests provides investors with guidance on managing carbon through greenhouse gas (GHG) accounting for the land sector or through nature-based carbon credits and the intersection of these approaches with emerging net zero standards. This guidance seeks to support investors’ understanding of how to integrate sustainable landscape management with optimised returns, climate impact, and portfolio decarbonisation.

Report: Opportunities for Growing Investment in Preserving our Natural Heritage and Supporting Nature Recovery

Date Published: March, 2022
The UK National Lottery Heritage Fund commissioned Finance Earth to review the state of green finance for nature restoration in the UK. This report offers deep insights into the barriers and solutions to financing nature.

Report: Scaling Investments in Nature

Date Published: February, 2022
This report from the World Economic Forum lays out suggestions for scaling private investment in nature. It highlights several best practices of companies, and touches on financing models. It also points to where governments can play a more supportive role.

Report: The State of Finance for Nature in the G20

Date Published: January, 2022
This report attempts to capture the complete amount and future need for G20 country spending on nature-based solutions assets and activities. It calls for G20 countries to scale-up annual nature-based solutions spending to $285 billion by 2050, and provides recommendations to align development and economic recovery with nature goals through setting quantifiable monetary objectives, governance and policy options, and devices to facilitate systemic changes to meet this investment gap.

Report: Natural Capital, the Battle for Control

Date Published: January, 2022
Green Alliance's report highlights natural capital investment opportunities and challenges within the UK farming sector, providing a helpful source for the finance sector looking to work with farming communities - while drawing attention to potential risks posed by the emergence of natural capital markets.

Report: Insuring NbS in the UK

Date Published: December, 2021
This report from Howden and Blackford discusses the role of insurers in supporting green infrastructure, forestry and carbon markets. The authors estimate that, due to the growth in carbon markets, the associated insurance industry could be worth $1.3 billion globally and up to $2-4 billion in blue sky scenarios.

Tool: An Investor Framework for Nature-based Solutions

Date Published: December, 2021
Chatham House's Sustainability Accelerator has developed (through consulting with the finance sector) a learning tool to facilitate the inclusion of nature-based solutions within comprehensive portfolio decarbonization strategies. The framework outlines the drivers of risk and return when analyzing prospects for investing in nature-based solutions - initially focusing on forests.

Website: Nature Finance Impact Hub

Consultancy Accelar’s Nature Finance Impact Hub launched in October 2021 and offers free registration to access a map of international (and UK) investment deals and funds. It also provides information on ecosystem services, impacts and returns.

Report: Finance Gap for UK Nature Report

Date Published: October 2021
GFI commissioned environmental economics consultancy, eftec, to assess the finance gap for key nature targets for the UK over the decade ahead. The report highlights a £44 billion to £97 billion gap for the UK and breaks out the gap by region and also by habitat and nature goal ie. clean water, natural flood management, biodiversity protection.

Report: CPIC Conservation Finance 2021 Report

Date published: September 2021
CPIC’s inaugural conservation finance report highlights useful data such as deal types, average deal size and investor types within its conservation finance investment universe. It also includes a handful of case studies, and discusses the challenges and recommendations for growing private investment in nature.

Report: Biodiversity: Ecosystem at the Heart of Business

Date Published: July 2021
This report from Citi GPS focuses on the question of why businesses and investors should care about biodiversity loss. It illustrates the increasing attention that financial institutions are paying to analyzing biodiversity risks, and highlights the need for more granular information that these institutions need to make better decisions.

Report: A Market Review of Nature-Based Solutions

Date Published: May 2021
This report from the Green Purposes Company and Finance Earth lays out NbS investments by type, and offers short summaries of several transactions -including their expected returns. It also provides aggregated data from 88 transactions to show sector investment by ecosystem, investor type and geographical location of deals. Finally, the report offers a set of recommendations to grow private investment in NbS.

Report: State of Finance for Nature

Date Published: May 2021
This UNEP report urges a tripling of investment in NbS before 2030 from current estimates of $133 billion in yearly flows. It discusses opportunities to scale up investment using policy levers and public sector funding as a derisking tool. The report also offers snippets of international financing solutions and a list of recommendations.

Report: Unlocking Investments in Regenerative Agriculture

Date Published: May 2021
This report from CREO - a group of family offices and wealth owners - offers many interesting case studies of investment opportunities within regenerative agriculture in the US, with other examples from Brazil and the Netherlands. The appendix offers a list of regenerative agriculture funds globally.

Report: Dasgupta Review: A Pathway for Action for the Financial Sector

Date Published: May 2021
GFI convened and consulted with over 40 representatives from banks, asset managers, asset owners, standard setters and conservation finance specialists to respond to the Dasgupta Review’s findings. The result is set of recommendations from the sector that focus on assessing nature-related risk and driving investment into nature. The report offers several short case studies of investments in nature in addition to broader examples where the finance sector is supporting a nature-positive transition.

Report/Book: The Little Book of Investing in Nature

Date Published: January 2021
Global Canopy’s Little Book of Investing in Nature identifies steps towards generating, delivering and realigning finance for biodiversity, as well as highlighting the need to avoid investments in activities that damage the natural resources we depend on. It features more than 40 mechanisms and 25 case studies of investment projects (some purely public sector, some private and some blended finance).

Report: Facilitating Local Natural Capital Investment: Literature Review

Date Published: January 2021
Finance Earth and eftec produced this literature review and report for NatureScot that highlights different financing models for nature and ecosystem services. It offers helpful descriptions and examples of various models such as environmental impact bonds, local nature bonds and timberland investment management organisations, and discusses how these could be adapted to Scotland’s nature investment aspirations.

Report: Financing Nature: Closing the Biodiversity Finance Gap

Date Published: October 2020
This extensive report from the Paulson Institute, Nature Conservancy and Cornell Atkinson Center for Sustainability, discusses in detail the estimated investment in biodiversity globally ($124bn to $143bn as of 2019). It also highlights the global finance gap for biodiversity and the financial and policy mechanisms to help close the gap, including examples of current models and supportive policies.

Report: Accelerating Private Investment in Nature-based Solutions

Date Published: July 2020
This report from the Broadway Initiative discusses the barriers to private investment in nature within the UK. It lays out different aggregation models of catchment markets, habitat banks and aggregation brokers such as LENS

Report: Scottish £1 bn Investment Routemap

Date Published: January 2020
Over a period of months the Scottish Wildlife Trust and SEPA brought together multiple stakeholders, including the finance sector, to develop a set of investment ideas for nature restoration and nature-based solutions for Scotland.

Report: Emerging Funding Opportunities for the Natural Environment

Date Published: February 2020
This report, carried out by Finance Earth (formerly Environmental Finance) and commissioned by the Esmee Fairbairn Foundation, highlights investment opportunities in natural capital across the UK by habitat.

Report: Investing in Nature

Date Published: November 2019
This report from The Nature Conservancy and Environmental Finance (now Finance Earth) highlights the challenges of nature-based investing and discusses what investors need. While written in 2019, the information still holds true, and several interesting case studies are included.

Report: Investing in Nature, A Practical Guide for Europe

Date Published: 2019
To support the Natural Capital Financing Facility, the European Investment Bank (EIB) developed this extremely useful guide to establishing investable nature projects. It provides helpful information, such as pros and cons of different legal structures, and risk mitigation tools.