50 Investible Opportunities for a New Nature Economy Supplementary Appendix 2026

68 Integrated heat systems optimize the capture, distribution, and reuse of heat across sectors (e.g., industry, buildings, power), reducing energy waste and environmental impacts – Resource efficiency and reduced extraction : By capturing and reusing waste heat, integrated heat systems significantly reduce fossil fuel consumption and electricity demand – Pollution and emissions control : Lowers emissions by eliminating on - site fuel combustion and using efficient thermal energy transfer Archetype Operational Nature impact Transformative impact Suitability of financing and de - risking instruments Technological / process maturity Capital intensity Scalability Bonds Loans Equity Other De - risking Commercial bonds Thematic bonds Sustainability - linked bonds Impact bonds Commercial loans Thematic loans / project finance Sustainability - linked loans Impact loans Commercial equity Private equity Venture capital Impact equity Blended finance Insurance Advanced market commitments Legend: Low High Low suitability High suitability Payments for ecosystem services Land ecosystem Ocean ecosystem Freshwater use Resource use Pollution Co - benefits Climate Social ✓ ✓ – Proven technologies : Use of district heating, industrial heat recovery and heat pumps is mature, particularly in urban and industrial clusters. – Leverages existing infrastructure: Retrofitting existing systems and using shared pipelines or networks reduces upfront capital requirements. – Financing suitability characteristics: Industrial and utility operators implementing integrated heat systems generally requires low to moderate capital investment. Commercial loans and project financing are suitable for corporates. Sustainability - linked loans could offer incentives tied to achieving energy efficiency and greenhouse gas reduction targets. – Long - term cost savings : Diversifying heat sources locally helps buffer consumers from fossil fuel price volatility, contributing to energy cost stability. – Sale of excess heat or participation in district heating markets. Negative impact Positive impact Financing target Industrial operators Chemicals, Plastics & Pharma Construction Materials Energy Mining Technology Transportation & Logistics Cross - sectoral Automotive Fashion & Textiles Leisure Waste Management Metals & Steel Agri, Food & Forestry Conditions Matches efficacy and performance of conventional systems Financial impact Revenue increase✓ Opex reduction✓ Capex reduction – Integrated heat systems FINANCING THE NATURE - POSITIVE TRANSITION