A new UK standards framework has been developed to help build confidence in nature markets and guard against greenwashing.

The Nature Investment Standards Programme, in partnership with the Department for Environment, Food & Rural Affairs (Defra), is one of a suite of interventions the Government is putting in place as part of its forthcoming Green Finance Strategy and Nature Markets Framework to boost market confidence and increase private sector investment into nature recovery and nature-friendly farming.

The programme is designed to overcome barriers to investing in nature and the services it provides, including addressing the lack of standardised, transparent data. The programme will drive a consistent approach and provide a benchmark for industry codes to be recognised as sufficiently robust and credible.

The initiative builds on the progress made internationally and will take account of the forthcoming publications by initiatives, launched under the UK’s COP26 Presidency, that are seeking to establish integrity standards in the voluntary carbon market.

The initial discovery phase, which will include extensive stakeholder engagement, will take place until the end of May, with the overall programme due to run for three years.

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