JPM: JP Morgan Chase: The Nature Conservancy and JPMorgan Chase Collaborate
to Create a Landmark Conservation Finance Initiative
UK Regulatory Announcement
The Nature Conservancy and JPMorgan Chase & Co. (NYSE:JPM) announced today the
establishment of NatureVest, a new initiative of The Conservancy. The program
will seek to transform the way we protect natural capital – the soil, clean
air and water, and other valuable resources that nature provides. NatureVest
will capitalize on the growing impact investment sector to create a platform
to advance investment in conservation. As part of that effort, NatureVest will
convene investors; develop and execute innovative financial transactions; and
continue to build an investment pipeline across multiple sectors, including
agriculture, fisheries and environmental markets. JPMorgan Chase is the
founding sponsor of NatureVest and has committed to provide multi-year support
for its launch and development.
“NatureVest is a natural extension of The Nature Conservancy’s work – it will
open up entirely new avenues for investments that protect nature,” said Mark
Tercek, President and CEO of The Nature Conservancy. "By bringing together
leaders in natural resource management and investment, we will unlock new
sources of capital to deliver important conservation results."
With the global population estimated to peak at 9 billion by 2050, there is a
growing need to maximize the pace, scale and effectiveness of efforts to
protect natural ecosystems – along with the cities and communities that rely
on them. At the same time, there is clearly insufficient investment in
conservation. According to the Global Canopy Programme, the current financial
need to support global conservation efforts is approximately $290 billion per
year. However, only about $51 billion is devoted to these activities annually,
primarily from public and philanthropic sources. NatureVest will work to close
this funding gap by creating new opportunities for the private sector to
invest capital in conservation projects.
“There is an urgent need to step up the scale and creativity of financial
resources dedicated to the protection of natural ecosystems,” said Doug Petno,
CEO of Commercial Banking at JPMorgan Chase. “We are delighted to collaborate
with The Nature Conservancy to build NatureVest and demonstrate that
profitability and sustainability can work hand in hand.”
EKO Asset Management Partners (EKO) helped to design NatureVest and will serve
as an ongoing adviser to The Conservancy.
This year, NatureVest will publish the first piece of research to
comprehensively size and characterize segments within the natural capital
marketplace. Developed collaboratively with input from The Conservancy,
JPMorgan Chase, EKO, the Gordon and Betty Moore Foundation, and the David and
Lucile Packard Foundation the research is designed to help investors and other
stakeholders better understand current opportunities and identify potential
IMAGES AVAILABLE: For examples of types of projects that NatureVest may fund,
click here: https://www.flickr.com/photos/naturevestmedia/sets/
The Nature Conservancy
The Nature Conservancy is a leading conservation organization working around
the world to protect ecologically important lands and waters for nature and
people. The Conservancy and its more than 1 million members have protected
nearly 120 million acres worldwide. Visit The Nature Conservancy on the Web at
JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm
with assets of $2.5 trillion and operations worldwide. The Firm is a leader in
investment banking, financial services for consumers and small businesses,
commercial banking, financial transaction processing, asset management and
private equity. A component of the Dow Jones Industrial Average, JPMorgan
Chase & Co. serves millions of consumers in the United States and many of the
world’s most prominent corporate, institutional and government clients under
its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is
available at www.jpmorganchase.com.
The Nature Conservancy
Sandra Rodriguez, 703-841-4227
JPMorgan Chase & Co.
Jennifer Kim, 212-622-7068
JP Morgan Chase
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