CreditNature’s Accreditation: Pioneering Natural Capital Investment
CreditNature has announced a new achievement. The Scottish fintech just secured the world's first independent accreditation for a Terrestrial Ecosystem Condition Method under the Accounting for Nature® Standard, which represents a huge leap forward for ecosystem restoration and natural capital investment.
The accreditation is a result of a year-long process where CreditNature, in collaboration with the renowned Accounting for Nature® and their expert panel, developed a robust method enabling businesses to measure and report on nature-positive impacts of their investments. This method aligns with crucial reporting frameworks such as the Taskforce on Nature-related Financial Disclosures (TNFD) and the EU Corporate Sustainability Reporting Directive (CSRD), ensuring that businesses can disclose impactful Environmental, Social, and Governance (ESG) outcomes.
The Ecosystem Condition Method, forming part of CreditNature’s NARIA framework, provides a standardised and accredited metric that quantifies ecosystem integrity on a scale of 0 to 100. This allows for consistent reporting across varied landscapes, not just in Europe, but with plans to expand globally including regions like Africa, the Americas, and Southeast Asia.
- Impacts and Visualisation CreditNature’s method does more than quantify; it also offers real-world visualisations of restoration progress through their innovative dashboard. This feature provides investors with evidence and insights into restoration gains, complemented by narratives, accredited Key Performance Indicators (KPIs), and vivid media of nature restoration successes.
- Endorsements and Support The method has garnered support from key environmental figures and governmental bodies. Dr. Peter Phillips of the Scottish Government and Prof Hugh Possingham of Accounting for Nature have both praised the accreditation for setting high standards and providing a reliable method for quantifying Nature Positive outcomes.
This development not only showcases CreditNature’s commitment to scientific excellence and innovation but also enhances the credibility and viability of investing in natural capital on a global scale.