The direction of travel is clear. A pivotal discussion took place at yesterday's Natural Capital Summit organized by City & Financial Global, where we explored how to harness the power of finance to transition to a nature-positive economy. By integrating #nature and #climate considerations, we can unlock new #opportunities for sustainable #growth. It's time to build awareness and capacity and implement strategic frameworks to navigate trade-offs and optimize future outcomes. The flow of capital to companies finding solutions within people and planetary boundaries will create good growth. Thanks to Hans Mehn, Thomas Viegas and Abyd Karmali OBE for the brilliant conversation.
It’s been a great day at our Natural Capital summit. This afternoon we heard a further 3 panel discussions and a case study. Some quotes of note: From our panel moderated by Peter Ward, Head of Corporate Partnerships, Natural History Museum: 💬 "There is this real drive for standardisation." 🎤 Sebastian Leape, Chief Executive Officer, Natcap 💬 "In order to get a good enough picture of where the risks are, we need to understand bottom up and not top down." 🎤 Hannah Cool, Chief Operating Officer, B4NZ 💬 "We can all make the best possible data, but unless it's clear and obvious to the financials how that is financially material to them, it's not going to be that useful." 🎤 Christian O'Dwyer, CFA, Head of Nature Solutions, Bloomberg 💬 "Quality data is at the heart of everything we do." 🎤 Saurabh Srivastava, Head of Sustainability Data & Ratings, Inrate From our panel moderated by Jessica Fries, Executive Chair, Accounting for Sustainability (A4S): 💬 "We are talking about something that is indispensable and invisible." 🎤 Sylvie Goulard, Former Deputy Governor, Banque de France, Co-Chair, International Advisory Panel for Biodiversity Credits 💬 "Healthy ecosystems deliver all the key ecosystems services that we need." 🎤 Edmund Pragnell, Nature Finance Lead, CreditNature 💬 "Preserving a forest doesn't, perse, have a financial yield. This is what biodiversity credits are for." 🎤 David Vaillant, Global Head of Finance, Strategy and Participations, BNP Paribas Asset Management From our case study, hosted by Siobhan Stewart, Head of Delivery, Natcap: 💬 "We can’t solve one [nature] without solving the other [climate]." 🎤 Cat Valentin Hemmingsen, Senior Biodiversity Advisor, Ørsted And from our final panel moderated by Natalie Nicholles, Executive Director, Capitals Coalition: 💬 "The consultation period is an excellent way to engage and start to deepen your own organisations journey on these topics." 🎤 Hans Mehn, Partner, Generation Investment Management 💬 "The challenge is out there but it's how you're engaging with them in relation to your implementation and your ambition which is vital." 🎤 Thomas Viegas, Nature Strategy Lead, Aviva 💬 "The role is very simple: how do we enable companies and financial institutions to develop a more structured approach to respond to these crises?" 🎤 Abyd Karmali OBE, Managing Director, Climate Finance, Bank of America Thank you to our speakers, sponsors: Bloomberg, CreditNature, Inrate, Natcap, exhibitor: Envance, supporters: B4NZ, Biodiversity Credit Alliance (BCA), Capitals Coalition, UKSIF and our delegates for joining us today. We look forward to welcoming you to our next event! #NaturalCapital #Nature #Transition