🌍 Ensuring Community Benefits in Nature Projects: A Milestone for Scotland! 🌍
We are thrilled to announce that the Scottish government has backed the development of a Community Benefits Certification Mark, a groundbreaking initiative to ensure community participation in nature projects.
CreditNature is leading the way by actively piloting this community standard in Dreel Burn, Fife, covering 5,000 hectares of agricultural land. By integrating key local priorities, such as clean rivers and protecting key industries like tourism, the CreditNature Ecosystem Management Rating (EMR) methodology ensures that community benefits remain at the centre of a diverse array of land management and enhancement projects.
The certification aims to provide a transparent platform for all nature markets to demonstrate best practices in long-term community involvement, with well-defined benefits. Set to launch in May 2025, this initiative has already secured £240,000 in funding from the Facility for Investment Ready Nature in Scotland (FIRNS), co-backed by the National Lottery Heritage Fund in partnership with the Scottish government.
The Nature Finance Certification Alliance (NFCA) will oversee the intellectual property of the certification. NFCA’s extensive network includes investors, conservation organisations, and natural capital developers, all working together to support UK nature finance.
The community standard is designed to be applicable across all UK-focused ecosystem services schemes, including emerging biodiversity and nature credit methodologies. By partnering with natural capital investment platform Kana Earth, the aim is to make the standard operational from its launch next year.
Other key organisations involved in the initiative, include Trees for Life Nattergal Ltd Highlands Rewilding, and The Future Forest Company, alongside many others.
Collectively the aim is to ensure that nature projects not only recover nature, but also bring tangible and lasting benefits to communities and future generations. 🌿🤝
🔗 read the news coverage here: https://lnkd.in/eB7pG_TJ
🔗 find out more about the NFCA initiative here:
https://lnkd.in/eVhmG9SY
#Community #NatureRecovery #Sustainability #Biodiversity #Scotland #EnvironmentalStewardship #CommunityBenefits