natural capital

The final figure is yet to be rubberstamped but a 5% allocation would represent £1.2bn and the pension needs to deploy at least 2% of AUM into natural capital ‘to make it worthwhile’.

The debt fund will use a blended model to target foundations, family offices, high-net-worth individuals.

A carbon credit with inherently questionable value is no good for the climate or the sector but it’s also no good to throw the baby out with the bathwater.

The risks and opportunities associated with nature are a major action item for general partners this year, according to senior ESG and sustainability execs.

Alvar de Wolff, managing director, head of ESG and responsible investing at Bregal Investments, tells New Private Markets what the firm is thinking about nature-based risks and opportunities in 2023.

Natural capital is becoming both a distinct impact strategy and an aperture through which to view an entire portfolio for risk management and value creation opportunities.

Climate Asset Management is targeting $600m for the Nature Based Carbon Strategy fund from corporates including HSBC.

Far from pulling back on sustainability efforts, clients now see them as a way of driving value through a downturn, says Amara Goeree, Schroders Capital's sustainability director for private equity.

All eyes are on Montreal as COP15 looks to deliver an international commitment on biodiversity retention and restoration that can replicate the impact of the Paris Climate Accords.

The French firm has bought natural capital business International Woodland Company to add to its existing private markets strategies.