New group helps financial institutions support investments in nature recovery in the UK

The Green Finance Institute’s Nature Programme (GFI Hive) launches the UK Financial Institutions for Nature Group (G-FIN) to support the delivery of investment into UK nature recovery.

Research shows the next few years are crucial to achieving the UK Government’s broader vision to support an economic transition to one that values and invests in nature, in line with the findings of the Dasgupta Review; as well as the ambition to mobilise private sector investment into nature restoration and nature-based solutions for climate mitigation and adaptation as laid out in the 2023 Green Finance Strategy.

The outcomes-focused Group – which is open to any financial institution engaged in UK nature finance – will identify barriers to UK Government ambitions on increasing private sector finance, as well as providing feedback and input where relevant on key government initiatives including:

• the development of a national database to track progress towards HMT’s target of £1 billion p.a. of private sector nature investment by 2030
• the development of high-integrity domestic nature markets
• the Land, Nature, and Adapted Systems Advisory Group’s recommendations in the development of the UK’s green taxonomy
• UK uptake of the TNFD

Dr. Rhian-Mari Thomas OBE, CEO of the Green Finance Institute, said: “Private sector investment is urgently needed if we hope to reach the UK’s nature goals this decade. The market infrastructure is being put in place to enable the flow of private sector capital into nature recovery and nature-based solutions, but there is still much to be done. The support of the UK financial sector will be critical, in addition to the support of the broader UK private sector, and the GFI is delighted by the enthusiasm and leadership of those joining this new Group.”

Find out more here.