December Webinars: Peatland Code update and Scaling nature recovery through co-ownership

Join the Scottish Nature Finance Pioneers for two lunchtime webinars exploring nature restoration finance mechanisms. Webinar: IUCN Peatland Programme Update, including progress on Peatland Code V2 – 14th December 1.30pm-2.30pm GMT As iconic landscapes peatlands offer breathing spaces for millions of people, support livelihoods and provide a sense of place for many communities. Such an important resource requires responsible management.

COP15 and Scotland’s natural capital – a critical foundation for Scotland’s prosperity

Members of the Scottish Forum on Natural Capital Steering Group recently wrote to the First Minster to reiterate how Scotland’s current and future economic prosperity relies heavily on the protection and valuation of its natural capital. The group urge the government to embed natural capital thinking into the redesign of the agricultural policy, the National Marine Plan, the Biodiversity Strategy

An insightful and challenging event – our Business Rebalance for Nature workshop

Our co-produced workshop ‘Business Rebalance for Nature – Are nature-based disclosures a gamechanger for businesses in Scotland?’ held on 26th October, provided some golden nuggets of insight and knowledge from the speakers and participants last week. You can catch up on the recordings on our YouTube channel and read a summary of the content. Thanks once again to the Capitals Coalition and University of Edinburgh Business

Scottish Natural Capital Accounts 2020 published

The second Scottish Natural Capital Accounts (NCA) were published in March 2020, by The Office for National Statistics (ONS), for the Scottish Government. The Accounts highlight the relative importance of services provided by Scottish natural capital, and contain estimates for the quantity and value of those services.    The report builds upon last year's inaugural NCA, in what continues to be a developing area

Testing natural capital approaches in land-based businesses

Since 2017 a number of organisations have been working to trial the Natural Capital Protocol and other natural capital approaches, for a variety of land-based businesses in Scotland. These trials have been pioneering projects within the UK, with some the first of their type anywhere in the world.      What is the Natural Capital Protocol?    The Natural Capital Protocol (NCP) aims to improve decision-making processes

Oceans of Value – New project out for tender

The Scottish Forum Steering Group member, Scottish Wildlife Trust, recently launched their Oceans of Value project, based in Orkney. This aims to investigate two different approaches for valuing the marine environment – stakeholder valuation, and natural capital valuation. Led by Marine Planning Manager, Dr Sam Collin, the project has been carrying out interviews with various stakeholders in Orkney over the past

Scottish Natural Heritage Natural Capital Accounts Published

Scottish Natural Heritage recently worked with consultancy Economics for the Environment (eftec) to test a natural capital accounting approach for the land they own, or substantially manage, as National Nature Reserves.  The natural capital balance sheet, published in December 2019, is the first to be produced for SNH, and focuses on ecosystem services that flow from SNH land including: food,

Scottish Circular Economy Bill 2020

Achieving a circular economy is one of five strategic outcomes for the Scottish Forum on Natural Capital, so we are delighted that the Scottish Government has outlined plans to introduce a Circular Economy Bill in the 2019/20 Programme for Government. Circular Economy – what is it? A “circular economy” seeks to move away from a linear “take, make, dispose” model

Financing Nature: Closing the Global Biodiversity Financing Gap

An important and timely report is published this week by The Paulson Institute, The Nature Conservancy, and Cornell Atkinson Centre for Sustainability. It makes the economic case for valuing nature, and explores innovative financing mechanisms, policies, and solutions that could help close the biodiversity financing gap. What is the “biodiversity financing gap”?  This is the gap between the amount currently spent

New biodiversity guidance to accompany the Natural Capital Protocol.

  The Capitals Coalition and the Cambridge Conservation Initiative recently published new guidance, aiming to enable businesses and financial institutions to better value biodiversity in their decision-making processes. The guidance is the latest in a growing suite of complementary guides for the Natural Capital Protocol. What is the Natural Capital Protcol? The Natural Capital Protocol (NCP) is a decision-making framework