Mediating the first transaction of Biodiversity Impact Credits
Lead Research Organisation:
Queen Mary University of London
Department Name: Sch of Biological & Behavioural Sciences
Abstract
Biodiversity Stewardship Credits (BSCs) offer a solution for private sector organisations that must account for biodiversity risk (e.g., per Taskforce on Nature-related Financial Disclosures, European Central Bank Prudential Framework), and provide an auditable mechanism linking best-in-class conservation practitioners with investors seeking conservation outcomes. We envisage that a market for BSCs will stimulate investment from banks, asset managers, corporations, and others to support the regeneration of populations of endangered species in the wild. This project will demonstrate the practical implementation of BSCs by facilitating one or more pilot transactions. This will allow us to identify barriers and ways to overcome them, and support a model for future growth of a BSC market.
Publications
Axel Rossberg
(2023)
Twelve reasons why TNFD should not disregard global extinction risk
Maczik D
(2024)
Evaluating Biodiversity Credits Using Metacommunity Modelling
Pinkchiken
(2024)
Biodiversity Impact Credit
Rossberg A
(2024)
A metric for tradable biodiversity credits quantifying impacts on global extinction risk
in Journal of Industrial Ecology
Wang L
(2023)
Drone audition for bioacoustic monitoring
in Methods in Ecology and Evolution
| Description | Biodiversity credits must focus stronger on the needs institutional investors. |
| Exploitation Route | We are currently developing a new project to align design of biodiversity credits stronger with the needs of institutional investors. |
| Sectors | Financial Services and Management Consultancy |
| URL | https://en.wikipedia.org/wiki/Biodiversity_Impact_Credit |
| Description | As a result of our input through a diverse range of channels, the Taskforce on Nature-related Financial Disclosures https://tnfd.global/ have revised their draft disclosure recommendation and LEAP approach to make impacts on species populations and extinction risk a distinct item that organisations should report upon. Our Biodiversity Impact Credits were explicitly endorsed as metric for this. The Nature Positive Initiative has recommended the metric we developed into as one of four candidate metrics of the "Species" component of State-of-Nature assessment. |
| First Year Of Impact | 2023 |
| Sector | Financial Services, and Management Consultancy |
| Impact Types | Economic |
| Description | Advice on State of Nature metrics to Nature Positive Initiative |
| Geographic Reach | Multiple continents/international |
| Policy Influence Type | Participation in a guidance/advisory committee |
| Impact | The Nature Positive Initiative published a consultation document on State of Nature metrics in the business context base on advice by us and others. This consultation has now finished and transitioned to a testing phase. |
| URL | https://www.naturepositive.org/metrics/ |
| Description | Advice on State of Nature metrics to the Taskforce on Nature-related Financial Disclosure (TNFD) |
| Geographic Reach | Multiple continents/international |
| Policy Influence Type | Participation in a guidance/advisory committee |
| Description | Integrating Finance and Biodiversity for a Nature Positive Future |
| Amount | £3,021,258 (GBP) |
| Funding ID | NE/Z503368/1 |
| Organisation | Natural Environment Research Council |
| Sector | Public |
| Country | United Kingdom |
| Start | 01/2024 |
| End | 04/2026 |
| Description | Work with Climate Impact Partners |
| Organisation | Capital Impact Partners |
| Country | United States |
| Sector | Charity/Non Profit |
| PI Contribution | The project provided tree conservation projects to the collaboration. |
| Collaborator Contribution | Climate Impact Partners advertised to and engaged potential clients interested in financing tree recovery projects. |
| Impact | Packaged save-a-species projects are now available for sale through Climate Impact Partners. |
| Start Year | 2023 |
| Description | Carbon Pulse Coverage |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Industry/Business |
| Results and Impact | Carbon Pulse reported on our projects. |
| Year(s) Of Engagement Activity | 2023 |
| URL | https://carbon-pulse.com/207297/ |