Finance Solutions for Nature 2025

Endnotes 1. World Bank. (2024). The Changing Wealth of Nations: Revisiting the Measurement of Comprehensive Wealth. https://documents1.worldbank.org/curated/en/099100824155099751/pdf/P178446-c8271985-738f-49a7-9a96- a3b1d66a002c.pdf. 2. See also statistics from: Dasgupta, P . (2021). The Economics of Biodiversity: The Dasgupta Review. HM Treasury. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/962785/The_ Economics_of_Biodiversity_The_Dasgupta_Review_Full_Report.pdf. 3. World Economic Forum. (2020). New Nature Economy Report II: The Future of Nature and Business. https://www.weforum.org/publications/new-nature-economy-report-ii-the-future-of-nature-and-business/. 4. United Nations Environment Programme (UNEP). (2023). State of Finance for Nature 2023. https://www.unep.org/ resources/state-finance-nature-2023. 5. Capitals Coalition. (2021). Natural Capital Protocol. https://capitalscoalition.org/capitals-approach/natural-capital- protocol/?fwp_filter_tabs=guide_supplement. 6. United Nations System of Environmental Economic Accounting (UN-SEEA). 2024 Global Assessment of Environmental- Economic Accounting. https://seea.un.org/content/2024-global-assessment. 7. United Nations Convention on Biological Diversity (CBD). Kunming-Montreal Global Biodiversity Framework: 2030 Targets (with Guidance Notes). https://www.cbd.int/gbf/targets. 8. World Economic Forum. (2020). New Nature Economy Report II: The Future of Nature and Business. https://www.weforum.org/publications/new-nature-economy-report-ii-the-future-of-nature-and-business/. 9. London Stock Exchange Group (LSEG). (2025). Investing in the green economy 2025. https://www.lseg.com/content/ dam/lseg/en_us/documents/sustainability/investing-in-green-economy-2025.pdf. 10. World Economic Forum. (2024). Investing in Natural Capital: Innovations Supporting Much Needed Financing for Nature. https://www.weforum.org/publications/investing-in-natural-capital-innovations-supporting-much-needed-financing-for- nature/. 11. New nature-focused funds include: Apple’s Restore Fund, BTF Pactual’s Timberland Investment Group, Conservation International Ventures, Lombard Odier Investment Managers’ New Food Systems Strategy, Mirova’s Land Degradation Neutrality Fund, New Forests’ African Forestry Investment Impact Platform and SAIL Ventures’ &Green Fund. Sources: –World Business Council for Sustainable Development (WBCSD). (2023). Forest Investor Club: 2023 Annual Report. https://www.wbcsd.org/resources/forest-investor-club-2023-annual-report/. –Petrass, R. (2025). BlackRock moves on natural capital. FS Sustainability. https://www.fssustainability.com.au/ blackrock-moves-on-natural-capital. 12. Pollination Group. (2025). Nature Finance Focus: Tracking Global Trends in Nature Investment. https://pollinationgroup. com/wp-content/uploads/2025/06/Pollination_NatureFinanceFocus_2025.pdf. 13. United Nations Environment Programme Finance Initiative (UNEP-FI). (2024). Private finance for nature surges to over $102 billion. https://www.unepfi.org/themes/ecosystems/private-finance-for-nature-surges-to-over-102-billion/. 14. Mani, T. & Sekaringtias, A. (2025). Beyond the Myths: From Perceptions to Practice in Scaling Blended Finance to EMDEs. Cambridge Institute for Sustainability Leadership. https://www.cisl.cam.ac.uk/news-and-resources/publications/beyond- myths-perceptions-practice-scaling-blended-finance-emdes. 15. United Nations Environment Programme (UNEP). (2023). State of Finance for Nature 2023. https://www.unep.org/ resources/state-finance-nature-2023. 16. Sources: –Capitals Coalition. (2021). Natural Capital Protocol. https://capitalscoalition.org/capitals-approach/natural-capital- protocol/?fwp_filter_tabs=guide_supplement. –Taskforce on Nature-related Financial Disclosures. (2023). Recommendations of the Taskforce on Nature-related Financial Disclosures, https://tnfd.global/wp-content/uploads/2023/08/Recommendations_of_the_Taskforce_on_ Nature-related_Financial_Disclosures_September_2023.pdf?v=1695118661. 17. Climate Policy Initiative. (2024). Toolbox on Financing Nature-Based Solutions. https://www.climatepolicyinitiative.org/wp- content/uploads/2024/09/Report-Toolbox-on-Financing-Nature-Based-Solutions.pdf. 18. Ecosystem Marketplace. (2024). The Nature Investment Landscape: Understanding Environmental Finance Opportunities. https://www.ecosystemmarketplace.com/articles/the-nature-investment-landscape-understanding-environmental- finance-opportunities/. 19. United Nations Convention on Biological Diversity (CBD). (2024). Exploration of the biodiversity finance landscape. https://www.cbd.int/doc/c/8d7f/55df/1d2dbb096d00be743f006a05/rm-ac-2024-01-02-en.pdf. Finance Solutions for Nature: Pathways to Returns and Outcomes 45