The charities said they have developed the set of voluntary principles for science-based investment to support high integrity natural capital markets in the UK
The Government, which aims to grow annual private investment in nature by at least £500 million by 2027, published its Nature Markets Framework in May and is working with the British Standards Institute to develop standards for green financing. They worked with Finance Earth and Federated Hermes – a global leader in responsible investment management – who will manage the Government-backed UK Nature Impact Fund that aims to stimulate institutional investment at scale in high quality nature restoration projects across the UK.
James Alexander, chairman of Finance Earth, said: “These principles have been co-developed as a stop-gap to influence market practice today and to contribute to the much-needed emerging Government policy and regulation. “There are also stipulations about who the producers of the credits will do business with, ruling out those companies dependent on environmentally damaging activities such as fossil fuel extraction.”
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Source: Glasgow_Times - 🏆 76. / 59 Read more »