New coalition launches to scale private conservation investment at IUCN World Conservation Congress
Financial
industry, international organisations, and academic sector join forces
to initiate new coalition to create investment opportunities and tools
to help
bring conservation projects to the marketplace
Honolulu, HI (2 September 2016) —
In an effort to address an estimated US $200-300 billion annual funding
gap in conservation, civil society organisations, private and public
sector financial institutions and academia joined forces
today to launch the Coalition for Private Investment in Conservation
(CPIC) during the IUCN World Conservation Congress taking place in
Hawaiʻi. The Coalition’s goal is to help preserve the world’s most
important ecosystems by creating new opportunities for
return-seeking private investment in conservation.
The Coalition, which includes Credit
Suisse, The Nature Conservancy (TNC), International Union for
Conservation of Nature (IUCN), and Cornell University as the founding
members, plans to develop new investment models and funding pipelines
that will help close the current conservation funding gap and
contribute to the global goals for biodiversity conservation and
sustainable development.
Building
on the expertise and experience of the various partners, CPIC will
serve as a hub, connecting investors and financial institutions with
in-country partners, who can help develop and execute investable deals
that eventually produce
an environmental and financial return. Initially, the Coalition plans
to focus on several priority investment sectors: forest landscape
restoration, sustainable agriculture intensification, sustainable
coastal fisheries and resilience, and watershed management.
“We
are at a critical turning point in history, where all stakeholders are
increasingly aware of the urgency of sustaining nature for the benefit
of all,” says
IUCN Director General Inger Andersen. “Public sector finance and
philanthropic capital alone is not sufficient to meet these
challenges. This new Coalition will serve as a critical platform to
share expertise, stimulate innovation, and help scale up
sustainable investment models, and raise awareness of the potential
importance of private capital to conservation.”
Conservation
finance represents a massive, undeveloped private sector investment.
Research suggests private investors—wealthy individuals, pension funds,
other institutional investors and even mainstream retail investors—could
supply as
much as the $200 billion to $300 billion per year needed to preserve
the world’s most important ecosystems.
“This
coalition is crucially important both because of the size of the
investment opportunity and the positive environmental impacts that
developing this area of finance could have,” says
John Tobin-de la Puente,
Professor of Practice jointly appointed in the Charles H. Dyson School
of Applied Economics and Management at Cornell University and the
Cornell Institute for Public Affairs in Cornell’s College of Human
Ecology. “Right now,
development of a conservation investment market is probably 10 years
behind the market for renewable energy, and 20 years behind the
affordable housing market. We have the opportunity to generate a brand
new market for conservation investment if we figure
this out together.”
“The
finance sector is increasingly aware that investing in nature can
generate returns for both the environment and the economy,” says
Fabian Huwyler, Vice President of Sustainability Affairs at Credit Suisse.
“If we want private investors to help close the conservation funding
gap, the conservation and finance communities need to better collaborate
to shift the field from small, donor-driven
projects to large-scale conservation markets.”
“We already bring a wealth of experience into this Coalition,” says Lynn Scarlett, Managing Director of Public Policy for The Nature Conservancy.
“At the Conservancy, we have already facilitated six impact investment
deals totalling
$200 million dollars in marine conservation and agriculture, and this
new coalition should help us bridge our largest challenge, which is a
lack of investment projects in the pipeline. We’ll know we’ve reached
success when the big banks have enough projects
as options that they can pick and choose where conservation investment
will have the most significant impact.”
###
About Credit Suisse AG
Credit
Suisse AG is one of the world's leading financial services providers
and is part of the Credit Suisse group of companies (referred to here as
'Credit Suisse'). As an integrated bank, Credit Suisse offers clients
its combined expertise
in the areas of private banking, investment banking and asset
management. Credit Suisse provides advisory services, comprehensive
solutions and innovative products to companies, institutional clients
and high-net-worth private clients globally, as well as
to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich and operates in over 50 countries worldwide. The group employs
approximately 47’180 people. The registered shares (CSGN) of Credit
Suisse's parent company, Credit Suisse Group AG, are
listed in Switzerland and, in the form of American Depositary Shares
(CS), in New York. Further information about Credit Suisse can be found
at www.credit-suisse.com.
About
The
Nature Conservancy
The
Nature Conservancy is a leading conservation organization working
around the world to conserve the lands and waters on which all life
depends. Together with its more than
1 million members and 600 scientists, the Conservancy has protected 120
million acres of land and thousands of miles of rivers worldwide, and
operates more than 100 marine conservation projects globally. The
Conservancy works on the ground in all 50 U.S. states
and in 69 countries. To learn more, visit www.nature.org or follow @nature_press on Twitter.
About the International Union for Conservation of Nature
IUCN
is a membership Union composed of both government and civil society
organisations. It harnesses the experience, resources and reach of its
1,300 Member organisations and the input of some 15,000 experts. IUCN is
the global authority
on the status of the natural world and the measures needed to safeguard
it. To learn more, visit
www.iucn.org or follow us @IUCN on Twitter.
About the Dyson School at Cornell University
The Charles H. Dyson School of Applied Economics and Management is located within two colleges - the College of Agriculture and Life Sciences and the College
of Business at Cornell University. Its
internationally renowned areas of expertise in food and agricultural
economics, management, environmental and resource economics, and
international and development economics work
in concert to fulfill the School’s mission to inform and foster the
public stewardship and private management of businesses, organizations,
livelihoods, and natural resources.
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