NextEnergy Solar Fund Ltd (LSE:NESF) has published its first Nature Strategy Report, which outlines the company’s management of nature-related aspects of its operations.
The report presents a structured plan to address risks and opportunities linked to nature.
It aligns with several global frameworks, including the Taskforce on Nature-related Financial Disclosures (TNFD); the Science-Based Targets Network (SBTN); the Capitals Coalition-Endorsed ACT-D Framework; and the Global Biodiversity Framework (GBF).
Key targets in the report include:
- No Conversion Of Natural Ecosystems: An SBTN-aligned commitment to prevent the material loss of natural ecosystems in direct operations and supply chains.
- Responsible Land Use Target: To ensure NESF remains a responsible land steward across its assets, implementing nature management plans and prioritising dual land-use regimes.
- 30x30 Nature Restoration Target: To restore natural ecosystems in the regions where NESF operates and which need support.
- Supply Chain Transparency and Sustainability: Updated and comprehensive nature-related risk management procedures.
Josephine Bush, chairwoman of NESF’s ESG committee, said: "NESF's Approach to Nature is designed to manage nature-related risks across the company's operations and supply chains, enhancing resilience in the face of economic and environmental uncertainty.
“By addressing the challenges posed by nature loss, we are de-risking future investments, safeguarding our assets, and positioning NESF for sustainable growth in an evolving regulatory landscape."
Hing Kin Lee, vice president and global nature lead, added: "Building on the momentum of COP16 in Colombia, NESF's Nature Strategy is the culmination of our significant effort to interrogate and rethink how the Company interfaces with nature.
“It reinforces the positioning of NESF as a leader to combat climate change, protect biodiversity, and help curb nature loss, while strategically positioning for emerging opportunities aligned with nature-positive investments.
“As carbon, biodiversity, and other ecosystem service markets mature, NESF's Approach to Nature could create opportunities to unlock additional revenue streams and enhance environmental outcomes."