Professor's appointment to nature recovery advisory group

Professor Matt Hannon has been appointed on a three-year term to the Standards Advisory Group (SAG) for the Nature Investment Standards Programme.

BSI, in its role as the UK National Standards Body, has launched the Nature Investment Standards Programme in partnership with the Department for Environment, Food & Rural Affairs (Defra), starting with a discovery phase. It is designed to implement a range of high-integrity principles that will help to boost market confidence and increase private sector investment into nature recovery.

This is one of a suite of interventions the UK government is putting in place as part of its forthcoming Green Finance Strategy and Nature Markets Framework to boost market confidence and increase private sector investment into nature recovery and nature-friendly farming. This will ultimately help to accelerate progress on environmental goals such as reversing biodiversity loss and achieving net zero.

The programme is designed to overcome barriers to investing in nature and the services it provides, including addressing the lack of standardised, transparent data. The programme will drive a consistent approach and provide a benchmark for industry codes to be recognised as sufficiently robust and credible.

The programme will work closely with the Devolved Administrations and a wide range of stakeholders to develop a new, consensus-based, UK-wide standards' framework that sets out clear principles and robust requirements to drive efficiency, greater clarity and rigour.

Ultimately, this will help to accelerate progress on environmental goals such as reversing biodiversity loss and achieving net zero.

More details are available here: https://www.bsigroup.com/en-GB/about-bsi/uk-national-standards-body/sustainability-and-climate-action/nature-investment/

Published: 7 June 2023