If the world is to substantially engage private finance flows, at the scale needed to really make a difference, the world requires nature and climate to be investible.
ISFC (International Sustainable Forestry Coalition) members with forestry and land estates covering many millions of hectares are in a good position to try to open the way to the creation of such a market, especially since they steward vast climate and nature assets as well as the timber and biomass which is growing on their properties to supply a forest based circular bioeconomy.
ISFC approached Capitals Coalition and TNFD to propose a global pilot with a number of international forestry companies (now 18) working together to produce consistent natural capital reports. The companies are coming together to pilot test the application of emerging Natural Capital Accounting (NCA) principles and reporting formats given their shared acknowledgement of their stewardship of forestry assets as natural capital.
Read the press release here.
