{"id":517,"date":"2022-03-06T16:17:47","date_gmt":"2022-03-06T15:17:47","guid":{"rendered":"https:\/\/naturalcapitalitalia.com\/scenario\/"},"modified":"2022-04-15T10:15:46","modified_gmt":"2022-04-15T08:15:46","slug":"scenario","status":"publish","type":"page","link":"https:\/\/naturalcapitalitalia.com\/en\/scenario\/","title":{"rendered":"Scenario"},"content":{"rendered":"<section id='' class='block-hero  with-borders border--white section-paddings-h section-paddings-v appearance' style='z-index:10'><div class='background' data-overflow='1' style='background-image:url(https:\/\/naturalcapitalitalia.com\/wp-content\/uploads\/2022\/03\/natuarl-capital-scenario.jpg);background-size:cover;'><\/div><div class='foreground color--white'><div class='row'><div class='col-1 d-none d-lg-flex'><\/div><div class='col-12 col-lg-11'><div class='inner'><span class='pretitle'>01<br \/>\r\nScenario<\/span><h1 class='title'>Towards <br \/>\r\nnatural based <br \/>\r\ninvestments<\/h1><i class='icon icon-leaf'><\/i><\/div><\/div><\/div><\/div><\/section>\n\n<section id='road' class='block-section-container section-scroll-percentage appearance with-borders with-borders border--white full-height content-height-mobile section-paddings-h' style='z-index:10'><div class='background' data-overflow='0' style='background-size:cover;background-color:;'><\/div><div class='foreground'><div class='row'><div class='col-1 d-none d-xxl-flex section-paddings-v'><\/div><div class='col-12 col-lg-2 section-index border--white'><span class='index appearance section-paddings-v'>01<br \/>\r\nThe road<\/span><\/div><div class='col-12  col-lg-10 col-xxl-9 section-paddings-v section-content d-flex justify-content-center '>\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-12 col-lg-12 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-title-editor  font-size--xl font-family--titles color--primary padding-top--0 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><h2>A long road towards <br \/>\r\nnatural capital finance<\/h2><\/div>\n\n<div id='' class='block-text-editor  appearance animation--from-bottom delay--300 font-family--titles line-height--titles font-size--lg color--primary padding-top--0 padding-bottom--60 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--45 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><p>Over the past 15 years, public policies and market initiatives have generated a<br \/>\ntransition to sustainable finance, but increased focus is required.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--0 padding-tablet--0 padding-mobile--0 col-xl-12 col-lg-12 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-timeline  appearance animation--clip-bottom delay--400 padding-top--0 padding-bottom--60 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--30 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><div class='site-slider' data-arrows='true' data-slides-desktop='4' data-slides-tablet='3' data-slides-mobile='2'><div class='swiper-container'><div class='swiper-wrapper'><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>June 2003<\/span><p class='content color--primary'>Equator <br \/>\r\nPrinciples<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>April 2006<\/span><p class='content color--primary'>Principles <br \/>\r\nfor<br \/>\r\nResponsible<br \/>\r\nInvestment<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--yellow'><\/i><\/span><div class='tooltip'><span class='date color--yellow'>July 2007<\/span><p class='content color--yellow'>First <br \/>\r\nGreen Bond<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>June 2012<\/span><p class='content color--primary'>Principles for <br \/>\r\nSustainable <br \/>\r\nInsurance<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>October 2012<\/span><p class='content color--primary'>Biodiversity<br \/>\r\nFinance Initiative<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--yellow'><\/i><\/span><div class='tooltip'><span class='date color--yellow'>January 2014<\/span><p class='content color--yellow'>Green Bond<br \/>\r\nPrinciples<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--yellow'><\/i><\/span><div class='tooltip'><span class='date color--yellow'>July 2014<\/span><p class='content color--yellow'>First<br \/>\r\nGreen Loan<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>September 2015<\/span><p class='content color--primary'>Sustainable<br \/>\r\nDevelopment<br \/>\r\nGoals SDGs<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>December 2015<\/span><p class='content color--primary'>Paris Agreement<br \/>\r\non climate change<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>June 2017<\/span><p class='content color--primary'>Task Force on<br \/>\r\nClimate-related<br \/>\r\nFinancial Disclosures <br \/>\r\n(TCFD)<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>March 2018<\/span><p class='content color--primary'>EU Action Plan<br \/>\r\nOn Sustainable<br \/>\r\nFinance<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--yellow'><\/i><\/span><div class='tooltip'><span class='date color--yellow'>March 2018<\/span><p class='content color--yellow'>Green Loan<br \/>\r\nPrinciples<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>April 2018<\/span><p class='content color--primary'>Operating<br \/>\r\nPrinciples for<br \/>\r\nImpact<br \/>\r\nManagement (IFC)<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>June 2019<\/span><p class='content color--primary'>EU Taxonomy<br \/>\r\nFor sustainable<br \/>\r\nactivities<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>September 2019<\/span><p class='content color--primary'>Principles for<br \/>\r\nResponsible<br \/>\r\nBanking<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--yellow'><\/i><\/span><div class='tooltip'><span class='date color--yellow'>September 2019<\/span><p class='content color--yellow'>Climate Resilience<br \/>\r\nPrinciples<\/p><\/div><\/div><\/div><div class='swiper-slide'><div class='timepoint'><span class='pointer'><i class='background--primary'><\/i><\/span><div class='tooltip'><span class='date color--primary'>September 2019<\/span><p class='content color--primary'>Investor<br \/>\r\nStatement on<br \/>\r\nDeforestation<br \/>\r\n(UN)<\/p><\/div><\/div><\/div><\/div><\/div><div class='swiper-navigation'><div class='swiper-arrow swiper-prev'><i><\/i><\/div><div class='swiper-arrow swiper-next'><i><\/i><\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-12 col-lg-12 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-text-editor  appearance animation--from-bottom delay--400 font-family--mono line-height--mono font-size--xs color--primary padding-top--0 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--30 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><p style=\"text-align: left; display: flex;\"><i class=\"bullet-left background--primary\"><\/i>Principles and Market initiatives<br \/>\ndeveloped by Investors<br \/>\nand Corporates<\/p>\n<p style=\"text-align: left; display: flex;\"><i class=\"bullet-left background--yellow\"><\/i>Principles, guidelines and policies<br \/>\nbacked by Governments or<br \/>\nmultilateral bodies<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n<section id='awareness' class='block-section-container section-scroll-percentage with-borders with-borders border--white full-height content-height-mobile section-paddings-h' style='z-index:10'><div class='background' data-overflow='0' style='background-size:cover;background-color:rgb(141,177,184);'><\/div><div class='foreground'><div class='row'><div class='col-1 d-none d-xxl-flex section-paddings-v'><\/div><div class='col-12 col-lg-2 section-index border--white'><span class='index appearance section-paddings-v'>02<br \/>\r\nInvestors<br \/>\r\nawareness<br \/>\r\nincrease<\/span><\/div><div class='col-12  col-lg-10 col-xxl-9 section-paddings-v section-content d-flex justify-content-center '>\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-8 col-lg-8 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-title-editor  appearance animation--from-bottom delay--300 font-size--xl font-family--titles color--white padding-top--0 padding-bottom-- padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--30 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><h2>Many traditional investors, such as pension, endowment and insurance funds, and funds are lending increasingly more attention to the environmental impact of their own investments.<\/h2><\/div>\n<\/div>\n\n<div id='' class='block-section-column col  padding--0 padding-tablet--0 padding-mobile--0 col-xl-3 col-lg-4 d-none border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex' style='z-index:10'><\/div>\n\n<div id='' class='block-section-column col  padding--0 padding-tablet--0 padding-mobile--0 col-xl-1 d-lg-none d-none border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex' style='z-index:10'><\/div>\n<\/div>\n\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--0 padding-tablet--0 padding-mobile--0 col-xl-4 col-lg-4 d-none border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex' style='z-index:10'><\/div>\n\n<div id='' class='block-section-column col  padding--30 padding-tablet--30 padding-mobile--0 col-xl-7 col-lg-8 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-image  appearance animation--from-bottom delay--300 padding-top--0 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><img src='https:\/\/naturalcapitalitalia.com\/wp-content\/uploads\/2022\/03\/triangolo-01.png' alt='' style='width:auto;height:auto;'><\/div>\n\n<div id='' class='block-text-editor  appearance animation--from-bottom delay--400 font-family--base line-height--base font-size--md color--white padding-top--0 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><p>They are doing so in response to the evidence that the natural capital that we all rely on is rapidly eroding and poses a significant risk to our general economic model. This &#8211; together with pressure from stakeholders, government guidelines, and normative changes \u2013 is leading to changes in investor behaviour and areas of interest.<\/p>\n<\/div>\n<\/div>\n\n<div id='' class='block-section-column col  padding--0 padding-tablet--0 padding-mobile--0 col-xl-1 d-lg-none d-none border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex' style='z-index:10'><\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n<section id='privatecapital' class='block-section-container section-scroll-percentage with-borders with-borders border--white full-height content-height-mobile section-paddings-h' style='z-index:10'><div class='background' data-overflow='0' style='background-image:url(https:\/\/naturalcapitalitalia.com\/wp-content\/uploads\/2022\/03\/natural-capita-scenario-2.jpg);background-size:cover;background-color:;'><\/div><div class='foreground'><div class='row'><div class='col-1 d-none d-xxl-flex section-paddings-v'><\/div><div class='col-12 col-lg-2 section-index border--white'><span class='index appearance section-paddings-v'>03<br \/>\r\nActions to <br \/>\r\nmobilise private<br \/>\r\ncapital <\/span><\/div><div class='col-12  col-lg-10 col-xxl-9 section-paddings-v section-content d-flex justify-content-center '>\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-6 col-lg-6 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-collapse-button  appearance animation--from-bottom delay--300 padding-top--0 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0 align-items-center flex-column' style='z-index:10'><button class='btn solid color--primary'>GOVERNMENTS<\/button><div class='collapse color--white'><div class='inner'><p>Recognise the importance of nature-based investing and<br \/>\nincentivise companies to maintain a clear view of their dependence on<br \/>\nnatural capital<\/p>\n<\/div><\/div><span class='arrow border--primary'><\/span><\/div>\n<\/div>\n\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-6 col-lg-6 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-collapse-button  appearance animation--from-bottom delay--300 padding-top--0 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0 align-items-center flex-column' style='z-index:10'><button class='btn solid color--primary'>PROJECT <BR>SPONSOR<\/button><div class='collapse color--white'><div class='inner'><p>Embrace the concept of natural capital in their investment strategies<\/p>\n<\/div><\/div><span class='arrow border--primary'><\/span><\/div>\n<\/div>\n<\/div>\n\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-12 col-lg-12 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-highlight-table  appearance animation--clip-right delay--500 padding-top--0 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><div class='table' style='background-color:rgba(97,100,73,0.8)'><div class='head'><th><span>NATURAL CAPITAL FINANCE<\/span><\/th><\/div><div class='body'><div class='row'><div class='col'><p style=\"text-align: center;\"><img class=\"alignnone size-medium wp-image-690\" style=\"height: 70px; width: auto; margin: 0 auto 15px; display: block;\" src=\"https:\/\/naturalcapitalitalia.com\/wp-content\/uploads\/2022\/03\/icon-airplane.svg\" alt=\"\" \/>AIR<br \/>\nNatural Climate<br \/>\nSolutions<\/p>\n<\/div><div class='col'><p style=\"text-align: center;\"><img class=\"alignnone size-medium wp-image-688\" style=\"height: 70px; width: auto; margin: 0 auto 15px; display: block;\" src=\"https:\/\/naturalcapitalitalia.com\/wp-content\/uploads\/2022\/03\/icon-waves.svg\" alt=\"\" \/>WATER<br \/>\nFreshwater &amp;<br \/>\nOcean<\/p>\n<\/div><div class='col'><p style=\"text-align: center;\"><img class=\"alignnone size-medium wp-image-692\" style=\"height: 70px; width: auto; margin: 0 auto 15px; display: block;\" src=\"https:\/\/naturalcapitalitalia.com\/wp-content\/uploads\/2022\/03\/icon-leave-white.svg\" alt=\"\" \/>LAND<br \/>\nSoil &amp;<br \/>\nSubsoil<\/p>\n<\/div><div class='col'><p style=\"text-align: center;\"><img class=\"alignnone size-medium wp-image-694\" style=\"height: 70px; width: auto; margin: 0 auto 15px; display: block;\" src=\"https:\/\/naturalcapitalitalia.com\/wp-content\/uploads\/2022\/03\/icon-beatle.svg\" alt=\"\" \/>BIODIVERSITY<br \/>\nPlants &amp;<br \/>\nAnimals<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-6 col-lg-6 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-collapse-button  appearance animation--from-bottom delay--600 padding-top--0 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0 align-items-center flex-column-reverse' style='z-index:10'><button class='btn solid color--primary'>INTERMEDIARIES<\/button><div class='collapse color--white'><div class='inner'><p>Support the development of natural capital-based projects<\/p>\n<\/div><\/div><span class='arrow border--primary'><\/span><\/div>\n<\/div>\n\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-6 col-lg-6 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-collapse-button  appearance animation--from-bottom delay--600 padding-top--0 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0 align-items-center flex-column-reverse' style='z-index:10'><button class='btn solid color--primary'>INVESTORS<\/button><div class='collapse color--white'><div class='inner'><p>Include risks and opportunities associated with natural capital in their asset allocation decisions<\/p>\n<\/div><\/div><span class='arrow border--primary'><\/span><\/div>\n<\/div>\n<\/div>\n\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-12 col-lg-12 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-text-editor  appearance animation--from-bottom delay--600 font-family--mono line-height--mono font-size--xs color--white padding-top--30 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--30 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><p>Source:<br \/>\nInvesting in Nature Private<br \/>\nFinance for nature based reslience.<br \/>\nThe Nature Conservancy<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n<section id='naturalcapital' class='block-section-container section-scroll-percentage appearance with-borders with-borders border--white content-height content-height-mobile section-paddings-h' style='z-index:10'><div class='background' data-overflow='0' style='background-image:url(https:\/\/naturalcapitalitalia.com\/wp-content\/uploads\/2022\/03\/scenario-bg-3.jpg);background-size:cover;background-color:;'><\/div><div class='foreground'><div class='row'><div class='col-1 d-none d-xxl-flex section-paddings-v'><\/div><div class='col-12 col-lg-2 section-index border--white'><span class='index appearance section-paddings-v'>04<br \/>\r\nNatural Capital <br \/>\r\nFinance<\/span><\/div><div class='col-12  col-lg-10 col-xxl-9 section-paddings-v section-content d-flex justify-content-center '>\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--0 padding-tablet--0 padding-mobile--0 col-xl-1 d-lg-none d-none border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex' style='z-index:10'><\/div>\n\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-10 col-lg-12 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-title-editor  appearance animation--from-bottom delay--300 font-size--xl font-family--titles color--white padding-top--90 padding-bottom--30 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><h2>Natural Capital Finance <br \/>\r\nrepresents only a small portion<br \/>\r\nof sustainable finance<\/h2><\/div>\n\n<div id='' class='block-text-editor  appearance animation--from-bottom delay--400 font-family--base line-height--base font-size--md color--white padding-top--0 padding-bottom--45 padding-left--90 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--30 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><p>Sustainable finance is the broadest of the categories, and is intricately linked to ESG finance<\/p>\n<p>Investments in sustainable finance have expressed robust growth in recent years, which seems to be continuing. According to McKinsey (McKinsey, 2018), these investments represent about 35% of all \u201cprofessionally managed&#8221; assets<\/p>\n<p>Green finance is narrowly defined and focuses on environmental and climate change issues. Investments in renewable energy and energy efficiency dominate this category, attracting about 1.6 billion in\u00a0 investments (Bloomberg New Energy Finance)<\/p>\n<p>Natural capital or &#8220;conservation finance&#8221;, represents a small slice of all sustainable finance. According to a report by the Coalition For Private Investment In Conservation (2021), the overall market volume of &#8220;conservation finance&#8221; varies between $ 133 billion (United Nations Environment Program) and $124-143 billion provided annually by the public and private sector (Deutz et al.2020)<\/p>\n<\/div>\n\n<div id='' class='block-text-editor  appearance animation--from-bottom delay--400 font-family--titles line-height--titles font-size--lg color--white padding-top--0 padding-bottom--45 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--30 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><p>Natural capital investments are a subset of broader categories, such as ESG financing, sustainable finance, or green finance, as shown in this figure<\/p>\n<\/div>\n\n<div id='' class='block-image align-items-center appearance animation--from-bottom delay--500 padding-top--30 padding-bottom--30 padding-left--0 padding-right--0 padding-top-mobile--30 padding-bottom-mobile--30 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><img src='https:\/\/naturalcapitalitalia.com\/wp-content\/uploads\/2022\/03\/scenario-infografica.png' alt='' style='width:auto;height:auto;'><\/div>\n<\/div>\n\n<div id='' class='block-section-column col  padding--0 padding-tablet--0 padding-mobile--0 col-xl-1 d-lg-none d-none border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex' style='z-index:10'><\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n<section id='who' class='block-section-container section-scroll-percentage appearance with-borders with-borders border--white full-height content-height-mobile section-paddings-h' style='z-index:10'><div class='background' data-overflow='1' style='background-image:url(https:\/\/naturalcapitalitalia.com\/wp-content\/uploads\/2022\/03\/scenario-bg-4.jpg);background-size:cover;background-color:;'><\/div><div class='foreground'><div class='row'><div class='col-1 d-none d-xxl-flex section-paddings-v'><\/div><div class='col-12 col-lg-2 section-index border--white'><span class='index appearance section-paddings-v'>05<br \/>\r\nWho invests<\/span><\/div><div class='col-12  col-lg-10 col-xxl-9 section-paddings-v section-content d-flex justify-content-center '>\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--30 padding-tablet--30 padding-mobile--0 col-xl-5 col-lg-5 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-title-editor  appearance animation--from-bottom delay--300 font-size--xl font-family--titles color--white padding-top--0 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><h2>Who invests in<br \/>\r\nNatural Capital<\/h2><\/div>\n<\/div>\n\n<div id='' class='block-section-column col  padding--30 padding-tablet--30 padding-mobile--0 col-xl-7 col-lg-7 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-text-editor  appearance animation--from-bottom delay--300 font-family--base line-height--base font-size--md color--white padding-top--0 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><p>According to the CPIC report, institutional investors, or asset managers with institutional clients, represent the most prominent category of investors &#8211; as shown in this chart<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-12 col-lg-12 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-pie-chart  appearance animation--clip-bottom delay--400 padding-top--60 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--45 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><canvas class='pie-chart' width='400' height='400' data-label-font='Apercu' data-label-size='14' data-label-color='rgba(255,255,255,1)' data-border-color='rgba(255,255,255,1)' data-chart='[{\"label\":\"Foundation or endowment\",\"value\":\"4\",\"background\":\"rgba(60,66,49,0)\",\"background_hover\":\"rgb(34,65,55)\"},{\"label\":\"Private project developer\",\"value\":\"15\",\"background\":\"rgba(60,66,49,0)\",\"background_hover\":\"rgb(34,65,55)\"},{\"label\":\"NGO\",\"value\":\"15\",\"background\":\"rgba(60,66,49,0)\",\"background_hover\":\"rgb(34,65,55)\"},{\"label\":\"Public entity\",\"value\":\"8\",\"background\":\"rgba(60,66,49,0)\",\"background_hover\":\"rgb(34,65,55)\"},{\"label\":\"Family office\",\"value\":\"8\",\"background\":\"rgba(60,66,49,0)\",\"background_hover\":\"rgb(34,65,55)\"},{\"label\":\"Institutional investor\",\"value\":\"23\",\"background\":\"rgba(60,66,49,0)\",\"background_hover\":\"rgb(34,65,55)\"},{\"label\":\"Other\",\"value\":\"21\",\"background\":\"rgba(60,66,49,0)\",\"background_hover\":\"rgb(34,65,55)\"}]'><\/canvas><\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n<section id='how' class='block-section-container section-scroll-percentage appearance with-borders with-borders border--white content-height content-height-mobile section-paddings-h' style='z-index:10'><div class='background' data-overflow='0' style='background-size:cover;background-color:;'><\/div><div class='foreground'><div class='row'><div class='col-1 d-none d-xxl-flex section-paddings-v'><\/div><div class='col-12 col-lg-2 section-index border--white'><span class='index appearance section-paddings-v'>06<br \/>\r\nHow invests<\/span><\/div><div class='col-12  col-lg-10 col-xxl-9 section-paddings-v section-content d-flex justify-content-center '>\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--30 padding-tablet--30 padding-mobile--0 col-xl-5 col-lg-5 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-title-editor  appearance animation--from-bottom delay--300 font-size--xl font-family--titles color--white padding-top--90 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--30 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><h2>How invests in<br \/>\r\nNatural Capital<\/h2><\/div>\n<\/div>\n\n<div id='' class='block-section-column col  padding--30 padding-tablet--30 padding-mobile--0 col-xl-7 col-lg-7 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-text-editor  appearance animation--from-bottom delay--300 font-family--base line-height--base font-size--md color--white padding-top--90 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--0 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><p>There is a diverse mix with regard to &#8220;conservation investments&#8221;, with a greater focus on private debt, real assets (such as infrastructure and land)\u00a0 and private equity<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n<div id='' class='block-section-row row  content-height content-height-mobile align-none justify-none' style='z-index:10'>\n<div id='' class='block-section-column col  padding--60 padding-tablet--30 padding-mobile--0 col-xl-12 col-lg-12 col-12 border--top-none border--bottom-none border--left-none border--right-none border-mobile--top-none border-mobile--bottom-none border-mobile--left-none border-mobile--right-none border--white d-xl-flex d-lg-flex d-flex' style='z-index:10'>\n<div id='' class='block-pie-chart  appearance animation--clip-bottom delay--400 padding-top--60 padding-bottom--15 padding-left--0 padding-right--0 padding-top-mobile--45 padding-bottom-mobile--15 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><canvas class='pie-chart' width='400' height='400' data-label-font='Apercu' data-label-size='16' data-label-color='rgba(255,255,255,1)' data-border-color='rgba(255,255,255,1)' data-chart='[{\"label\":\"Real Assets\",\"value\":\"32\",\"background\":\"rgba(60,66,49,0)\",\"background_hover\":\"rgb(34,65,55)\"},{\"label\":\"Private debt\",\"value\":\"36\",\"background\":\"rgba(60,66,49,0)\",\"background_hover\":\"rgb(34,65,55)\"},{\"label\":\"Public Equity\",\"value\":\"8\",\"background\":\"rgba(60,66,49,0)\",\"background_hover\":\"rgb(34,65,55)\"},{\"label\":\"Cash and equivalents\",\"value\":\"1\",\"background\":\"rgba(60,66,49,0)\",\"background_hover\":\"rgb(34,65,55)\"}]'><\/canvas><\/div>\n\n<div id='' class='block-bar-chart  appearance animation--clip-bottom delay--600 padding-top--60 padding-bottom--30 padding-left--0 padding-right--0 padding-top-mobile--45 padding-bottom-mobile--30 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><canvas class='bar-chart' width='400' height='400' data-label-size='12' data-label-color='rgba(255,255,255,1)' data-border-color='rgba(255,255,255,0.2)' data-bg-1='rgb(255,255,255)' data-bg-2='rgba(45,171,170,0.9)' data-chart='[{\"label\":\"Public debt\",\"value1\":\"400\",\"value2\":\"0\"},{\"label\":\"Private debt\",\"value1\":\"160\",\"value2\":\"160\"},{\"label\":\"Mezzanine\",\"value1\":\"300\",\"value2\":\"0\"},{\"label\":\"Private equity\",\"value1\":\"80\",\"value2\":\"80\"},{\"label\":\"Real assets\",\"value1\":\"120\",\"value2\":\"0\"},{\"label\":\"Public equity\",\"value1\":\"40\",\"value2\":\"0\"},{\"label\":\"Cash and equivalents\",\"value1\":\"15\",\"value2\":\"0\"}]' data-label-1='Without Outlier' data-label-2='With Outlier'><\/canvas><\/div>\n\n<div id='' class='block-text-editor  appearance animation--from-bottom delay--300 font-family--mono line-height--mono font-size--xs color--white padding-top--0 padding-bottom--60 padding-left--60 padding-right--60 padding-top-mobile--0 padding-bottom-mobile--30 padding-left-mobile--0 padding-right-mobile--0' style='z-index:10'><p style=\"text-align: left; display: flex;\"><i class=\"bullet-left background--base\"><\/i>Without Outlier<\/p>\n<p style=\"text-align: left; display: flex;\"><i class=\"bullet-left background--turquoise\"><\/i>With Outlier<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":10,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Scenario - Natural Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/naturalcapitalitalia.com\/en\/scenario\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scenario - Natural Capital\" \/>\n<meta property=\"og:url\" content=\"https:\/\/naturalcapitalitalia.com\/en\/scenario\/\" \/>\n<meta property=\"og:site_name\" content=\"Natural Capital\" \/>\n<meta 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