Scaling nature finance now The opportunity for investors in Brazil and beyond

The opportunity and the imperative01 Policy momentum on natureInvesting in nature and sustainable agriculture practices can deliver significant, mutually reinforcing benefits for businesses, investors and society. These benefits are compelling, offering the potential to simultaneously: – Mitigate climate change, safeguard nature and build resilience – Generate strong risk adjusted returns for investors – Accelerate sustainable development for countries and people – Enhance food security. The landmark Global Biodiversity Framework adopted by 196 countries at the close of 2022 is spurring new national policies, as governments work to develop National Biodiversity Strategies and Action Plans (NBSAPs).COP28 set a precedent for the integration of nature in addressing climate change, including food systems. Nature was placed at the heart of the Global Stocktake, with a strong call for zero deforestation by 2030 in the UAE Consensus . The EU Deforestation Regulation (EUDR) requires any company selling commodities in the EU to prove that the products do not originate from recently deforested land or have contributed to forest degradation.During the Brazilian presidency the G20 agreed on ten High Level Principles on Bioeconomy , promoting a common understanding of the relationship between society, the economy and biodiversity.2 With limited time to act and constrained public finances, governments across the globe are increasingly recognizing the need and opportunity to deliver on national climate, nature and development goals at the same time . The number of material and credible national policy announcements focused on nature and land use doubled between 2022 and 2023.1 This marks a significant shift for major economies such as China, the EU, and Brazil. Scaling nature finance now 09 08References 03 Unlocking the next phase of growth in Brazil and beyond Foreword 02 The Brazilian market – accelerating nowExecutive summary01 The opportunity and the imperative