Impact
For institutional investors, accounting for nature and climate adds a new and complex imperative to portfolio allocation, namely, how to choose investments that at a minimum do not increase nature loss and beyond that might even restore it. This paper explores the policy environment, mechanisms to incentivise conservation or regulate impacts on nature, implications and opportunities arising for investors, and the new tools that are emerging to take on this challenge. While impacts on nature flow from every asset class, this paper focuses primarily on private real assets and particularly on forestry, agriculture and land management.