Valuing nature in timberland with Chris Lipton and Cristina Hastings

In today’s episode, I am joined by Chris Lipton, Head of Timberland Investments and Cristina Hastings, Head of Sustainability at Nuveen Natural Capital. Listen to our conversation, where Chris explains how timberland investment has changed in recent years and Cristina presents the natural capital balance sheet, which supports Nuveen Natural Capital in valuing nature.“We are not trying to attach a price to nature, we are trying to recognize the value of it, particularly those ecosystems services which are often silent and invisible.”Show notes:Host: Shauna Matkovich - The Forest Link Details 01:22 Overview of Nuveen & TIAA 01:59 Responsible investment 02:52 Natural capital 04:42 Changes in timberland investments 06:11 Locations of investment properties 06:42 Timberland investment strategy 06:55 Diversification of timberland portfolio 07:58 Carbon credit certification 10:10 Nuveen’s natural capital balance sheet 12:52 Lessons from Natural Capital Balance Sheet Pilot 14:49 Data management - databases 16:18 Take away from pilot and natural balance sheet 17:04 Evolving applications 19:02 Methodology of natural balance sheet – four main steps 21:15 Examples of monetary values 22:10 Advice to investors 25:10 Forecast carbon profile 28:30 Info on website & resources Significant quotes:[04:04]             “Growing trees is currently the most efficient and only scalable technology for GHG sequestration and carbon storage that we have.”[12:03]             “We are not trying to attach a price to nature, we are trying to recognize the value of it, particularly those ecosystems services which are often silent and invisible.”[15:16]             “The holistic view of the asset will help showcase the resilience that this careful stewardship has built.” Links mentioned:Nuveen Natural Capital: https://www.nuveen.com/global/about-us/our-people/investment-specialists/natural-capitalSound Library:Nature by MaxKoMusic/SoundcloudSopwell Woodlands and Scohaboy Bog SAC, Cloughjordan, Co Tipperary,           IRELAND by wild_rumpus/Soundcloud     Sign up now for the ForestLink’s newsletter, where you’ll receive technical advice, reflections, and best-practice guidance to support you with your forest-linked investment strategy or business straight to your inbox. Hosted on Acast. See acast.com/privacy for more information.