November 2, 2021
Finnfund is one of the founding members of the Forest Investor Club launched at COP26
At COP26 during the World Leaders Summit’s Forest Day session on November 2, 2021, the United States launched the Forest Investor Club. This network of leading public and private financial institutions and other investors aims to unlock and scale up investments that support sustainable, climate-aligned outcomes in the land sector. These financial institutions and Network Partners are committed to increasing the scale and geographic scope of investment in restoration, conservation, sustainable agriculture and forestry, and green infrastructure.
The land use sector contributes nearly one quarter of global emissions. Reducing emissions from deforestation, ecosystems conversion, and other land sector activities – enhancing and expanding their carbon sequestration potential – are critical steps to achieving net-zero emissions by 2050.
Despite their potential for delivering the mitigation needed to avoid catastrophic climate change, there is chronic underinvestment in conservation, restoration, and other sustainable land sector activities. The Forest Investor Club will accelerate the pace, increase the scale, and expand the scope of forest and nature investment by identifying and facilitating access to a pipeline of investments in forests and nature, collaborating under complementary partnerships to unlock investment opportunities, and working to develop solutions to investment barriers and bottlenecks.
The Founding Members of the Forest Investor Club include: Apple, BTG Pactual Timberland Investment Group, Conservation International, the U.S. International Development Finance Corporation, Deutsche Bank, Finnfund, Goldman Sachs, Hancock Natural Resource Group (a Manulife Investment Management Company), Lombard Odier, Mirova, New Forests, Norfund, Pollination, SAIL Ventures, The Nature Conservancy, in collaboration with Network Partners, including Convergence Blended Finance and the Natural Capital Investment Alliance.
Read the original press release here
More information
Valpuri Mäkinen, Communications and Marketing Manager, Finnfund, valpuri.makinen@finnfund.fi, tel +358 50 384 2105
Finnfund is a Finnish development financier and professional impact investor. We build a sustainable world by investing in responsible and profitable businesses in developing countries. Each year we invest 200–250 million euros in 20-30 projects, emphasising renewable energy, sustainable forestry, sustainable agriculture, financial institutions and digital infrastructure and solutions. Today Finnfund’s investments and commitments total about 1,070 billion euros, half of them in Africa. The company has about 90 employees. For more information, please visit www.finnfund.fi
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