NextEnergy Group is launching a standalone nature strategy with targets to protect and restore nature, “setting a new benchmark for driving dual action on nature and climate”, the company said.
NextEnergy said it has launched the new strategy to address the need for “urgent, more effective action” to meet the ambitious Kunming-Montreal Global Biodiversity Framework (KM-GBF), because “current efforts fall short of achieving the goals of the framework”.
Building on NextEnergy’s experience in environmental management activities over the last 20 years, the company said its new strategy “establishes a science-based and evidence-led thread to unite our core companies’ future nature-related activities”.
It is designed to avoid and manage nature-related risks while opening opportunities to create and capture value from the evolving nature markets, it added.
The strategy establishes clear commitments which are aligned with emerging global standards, such as the Taskforce on Nature-related Financial Disclosures, the Science-Based Targets Network, the Capitals Coalition ACT-D framework and the KM-GBF. The core components of the NextEnergy’s nature strategy include commitments to strong nature-related governance, evidence-led action plans, use of science-based targets, and ongoing transparent disclosures.
Giulia Guidi, head of ESG, NextEnergy Group, said: “Early in our journey, we realised that financed, developed and harnessed in the right way, renewable energy is an investment strategy that can mitigate climate change, protect biodiversity, and minimise nature loss. I am excited to launch this strategy – it is a critical step in translating what we know about nature into action.”
Hing Kin Lee, group lead for nature, NextEnergy Group, added: “The urgent need to address the interconnected crises of climate change and biodiversity loss has never been clearer.
“Our Nature Strategy serves as a practical roadmap, guiding the steps we are taking to achieve a nature positive future. As leaders in the solar and sustainable finance industries, we are committed to driving transformative change while unlocking new opportunities for long-term value creation.”
To read the latest IPE Real Assets magazine click here.
