Biodiversity round-up: Federated Hermes launches UK nature-based strategy

Wednesday marked Biodiversity Day at COP27 in Sharm el-Sheikh.

Federated Hermes has partnered with environmental impact investment adviser Finance Earth to co-design a blended finance strategy to invest into high-integrity nature-based solutions (NbS) across land, coasts, rivers and sea in the UK. As part of this work, the Department for Environment, Food and Rural Affairs (Defra) will make a £30m investment, which will facilitate further investment into high-integrity nature projects in England to deliver the government’s 25-year environment plan. Eoin Murray, head of investment at Federated Hermes Limited, said: “The aim of our UK Nature Impact Investment strategy will be to drive long-term sustainable returns for investors, while helping to accelerate the recovery of nature in the UK and support key targets and objectives set out by the UK government.” 

Former UNFCCC executive secretary Christiana Figueres and 12 other previous heads of state/ministers and senior United Nations figures have called for world leaders to be invited to attend the COP15 biodiversity conference next month. The statement was put out in response to reports that heads of state will not be present at the event in Montreal. “This is a very concerning situation considering this critical conference seeks to agree on a pathway to curb the collapse of our entire planetary life support system,” the group warned. “Having government leaders there is essential to elevate this crisis to the level it deserves with officials.” 

The Egyptian COP27 presidency, the government of Germany and the International Union for Conservation of Nature (IUCN) have launched the Enhancing Nature-based Solutions for an Accelerated Climate Transformation (ENACT). Announced in Sharm El-Sheikh, the initiative will coordinate global efforts to address climate change, land and ecosystem degradation, and biodiversity loss through nature-based solutions. It will also produce an annual state of nature-based solutions report to update COP28 and subsequent meetings on progress in implementing commitments. 

Fifteen corporations from the World Business Council for Sustainable Development’s Forest Solutions Group have released a nature-positive roadmap to provide guidance for businesses to reverse nature loss, set science-based nature-related targets and consistently disclose progress using quantifiable metrics. Moving forward, members of the group have committed to working collaboratively to drive progress.