Finance Solutions for Nature 2025

20. World Economic Forum and Uplink. (2024). Investing in Natural Capital: Innovations Supporting Much-Needed Financing for Nature. https://www3.weforum.org/docs/WEF_Investing_in_Natural_Capital_2024.pdf. 21. Husken, L.M. et al. (2024). Money talks. A systems perspective on funding and financing nature-based solutions. Nature-Based Solutions, Volume 6, December 2024, 100200. https://www.sciencedirect.com/science/article/pii/ S2772411524000910. 22. Sources for Figure 1: –United Nations Development Programme (UNDP) and The Biodiversity Finance Initiative (BIOFIN). BIOFIN Catalogue of Finance Solutions. https://www.biofin.org/finance-solutions. –United Nations Development Programme (UNDP) and The Biodiversity Finance Initiative (BIOFIN). (2024). BIOFIN Workbook 2024: Finance for Nature. https://www.biofin.org/sites/default/files/content/publications/WORKBOOK.2024. SINGLE.FINAL%20smaller.pdf. –McDonald, H., Seeger, I., Lago, M. & Scholl, L. (2023). Synthesis report on sustainable financing of the establishment of ponds and pondscapes. PONDERFUL Project (EU Horizon 2020 GA no. ID869296). https://www.ecologic.eu/19473. –Conservation Finance Alliance. (2024). Conservation Finance Guide. https://www.conservationfinance.info/. –Conservation Finance Network. (2021). Connect & Mobilize: A Guide to Conservation Finance Convenings. https://www.conservationfinancenetwork.org/sites/default/files/2021-11/ILCN%20Conservation%20Finance%20 Convening%20Guide.pdf. –NAP Global Network. Inventory of Innovative Financial Instruments for Climate Change Adaptation. https://napglobalnetwork.org/innovative-financing/. –Cities Climate Finance Leadership Alliance. Financial Instruments Toolkit. https://citiesclimatefinance.org/financial- instruments. –Friends of Ocean Action. (2020). The Ocean Finance Handbook: Increasing finance for a healthy ocean. https://www3. weforum.org/docs/WEF_FOA_The_Ocean_Finance_Handbook_April_2020.pdf. –World Economic Forum. (2024). Nature Positive: Financing the Transition in Cities. https://reports.weforum.org/docs/ WEF_Nature_Positive_Financing_the_Tranisition_in_Cities.pdf. –World Economic Forum. (2025). Playbook of Solutions to Mobilize Clean Energy Investment in EMDEs. https://initiatives. weforum.org/playbook-of-solutions/home. 23. Parametric insurance offers rapid, flexible payouts based on pre-defined triggers such as rainfall or wind speed, bolstering transparency and resilience in vulnerable communities. Source: Glinskis, E. and Murphy, D. (2025). What is parametric insurance and how is it building climate resilience? World Economic Forum. https://www.weforum.org/stories/2025/01/ what-is-parametric-insurance-and-how-is-it-building-climate-resilience/. 24. International Capital Markets Association (ICMA). (2024). Sustainability-Linked Bond Principles (SLBP). https://www. icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/sustainability-linked-bond-principles-slbp . 25. European Commission. (2025). The European green bond standard – Supporting the transition. https://finance.ec.europa. eu/sustainable-finance/tools-and-standards/european-green-bond-standard-supporting-transition_en. 26. International Capital Markets Association (ICMA). (2025). Sustainable Bonds for Nature: A Practitioner’s Guide. https://www.icmagroup.org/assets/documents/Sustainable-finance/2025-updates/Sustainable-Bonds-for-Nature-A- Practitioners-Guide-June-2025.pdf. 27. World Bank. (2025). Labeled Sustainable Bonds: Market Update – February 2025. https://thedocs.worldbank.org/en/doc/ cd82b4033281dab2cb1a1c71eeb691e4-0340012025/original/Labeled-Bond-Quarterly-Newsletter-Issue-No-10.pdf. 28. World Economic Forum and the International Institute of Green Finance of the Central University for Finance and Economics of China. (2025). Nature-Related Sustainable Finance in China: A Brief Review. https://reports.weforum.org/ docs/WEF_Nature_Related_Sustainable_Finance_in_China_2025.pdf. 29. Based on ratings by Moody’s and Fitch in July 2025. 30. Klabin. (2025). Bonds. https://ri.klabin.com.br/en/financial-information/bonds/. 31. Inter-American Development Bank (IDB) Invest. (2024). IDB Invest Supports Natura in a Sustainability-Linked Bond Focused on Bio-Ingredients from the Amazon Region. https://idbinvest.org/en/news-media/idb-invest-supports-natura- sustainability-linked-bond-focused-bio-ingredients-amazon. 32. International Financial Reporting Standards, Financial Accounting Standards Board (FASB). (2023). FASB / IASB Education Meeting: Definition of a Derivative. https://www.ifrs.org/content/dam/ifrs/meetings/2023/september/fasb-iasb/ ap36-definition-of-a-derivative-fasb-iasb-education-meeting-september-2023.pdf. 33. International Capital Markets Association (ICMA). (2025). Sustainable Bonds for Nature: A Practitioner’s Guide. https://www.icmagroup.org/assets/documents/Sustainable-finance/2025-updates/Sustainable-Bonds-for-Nature-A- Practitioners-Guide-June-2025.pdf. 34. Inter-American Development Bank (IDB) and World Bank. (2025). Amazonia Bond Issuance Guidelines: Guidance for Labeled Bonds Dedicated to Financing the Economic, Environmental and Social Development of the Amazonia Region. https://publications.iadb.org/en/amazonia-bond-issuance-guidelines-guidance-labeled-bonds-dedicated-financing- economic-environmental. Finance Solutions for Nature: Pathways to Returns and Outcomes 46