PILOTS
IAPB has brought together an initial set of more than 30 Pilots, which together give a tangible indication of the current state of the market and its development prospects.
The Association for Coastal Ecosystem Services
The Association for Coastal Ecosystem Services (ACES) is developing its first biodiversity credit project in a marine environment, the Vanga Seagrass Project, which looks to conserve seagrass meadows in Kenya. This community-led project includes a committee of local representatives to drive forward the project and manage benefit sharing. The biodiversity credits will be stapled with Vanga Blue Forest credits issued from a mangrove conservation project in the same region. Buyers' claims will be overseen, based on Plan Vivo’s buyers’ claim guidance and ACES' standards of ethics for buyers.
An example of leveraging public funding as a catalyst to attract private capital, is the Wildlife Credits supported by KfW (on the credit) and Agence Française de Développement (AFD - through the Sustainable Wildlife Management program to strengthen the enabling environment). This represents a performance-based payment scheme designed by WWF Namibia together with local community conservancies to protect wildlife (lions, elephants and rhinos) across 4 million hectares.
AFD, KfW, WWF
Amarenco
Amarenco is a renewable electricity producer that seeks to regenerate ecosystems and their biodiversity on lands where their solar power plants are located. They also support the transition to agroecology where land is actively used for agricultural production. Their program associates technical assistance to farmers and implementers (capacity building, scientific advice) as well as financial support (diversification of species, addition of habitat, specific tools). After outcomes are verified and validated by third parties, they are linked to the electricity generated by energy infrastructures, which is then sold at a premium price to buyers who receive the communication rights on this pure voluntary contribution scheme.
The AWE for Nature Foundation is developing the Chewore South conservation project in the Zambezi Valley of Zimbabwe. For this project, the foundation has obtained a 25-year lease, and co-management agreement with the Zimbabwe Parks & Wildlife Management Authority. Historically, limitations such as short-term agreements have constrained conservation investment, with consequences for the local communities living alongside wildlife. AWE for Nature is advancing conservation on the ground, and developing durable revenue sources for protected areas, mobilizing tools such as biodiversity credits.
AWE for Nature Foundation
CDC Biodiversité
At the site of Cros Mouton in France, work will be undertaken to restore several types of Mediterranean species, including the Hermann turtle. These species have declined due to the degradation of the local environment following multiple wildfires since the 1950s. The goal is to create an enabling environment for these species to grow again by lowering the area's vulnerability to fires, as well as procuring more natural safe spaces for them to take refuge in case of fire and reintroducing a number of turtles. The project has been designed in collaboration with local actors and specialists and aims to last a minimum duration of 31 years. This site is part of a designated set of sites within the framework of the new SNCRR compliance regime for corporates to address their negative impacts on biodiversity in France.
Conservation International and Tidal Moon, an Indigenous-led sustainable enterprise, are working together to develop a project comprising biodiversity credits possibly stacked with blue carbon as part of seagrass restoration efforts in Shark Bay, situated near the western most point of Australia. Shark Bay is home to one of the largest, most diverse seagrass meadows in the world, supporting extremely high levels of marine biodiversity and underpinning the area’s cultural values. The seagrass meadows are also among the oldest globally, classifying the area as an important irrecoverable carbon site. The site was severely impacted by a marine heatwave in 2011 which destroyed 24% of the seagrass meadows. Tidal Moon has trained and employed a number of divers from the local community to undertake restoration as a complement to sustainable sea cucumber harvesting which is core to the efforts. As a result, the project aims to support multiple objectives including the economic development of Mulgana (the traditional custodians of the region) and opportunities to sustain cultural connections and values through caring for the environment.
Conservation International
Conservation International
Conservation International and the Tubbataha Management Office, in partnership with Friends of Tubbataha, Inc., are developing a project in the Tubbataha Reefs Natural Park, located in the Sulu Sea of the Philippines. Tubbataha is home to around 70% of all coral genera found globally and is a refuge for 181 endangered species. It also provides an important habitat and nursery for the broader flora and fauna of Southeast Asia and supports community livelihoods. However, illegal fishing, marine debris, boating accidents, pollution, climatic impacts (such as storm events), and climate change are threats to it. Current funding is insufficient to maintain management actions necessary to preserve the long-term sustainability of Tubbataha. Thus, nature credits present an opportunity to sustain conservation management of Tubbataha and to help secure additional necessary finances to support long-term community livelihood activities and ranger employment from the local communities, comprising indigenous and non-Indigenous communities.
CreditNature will undertake the Drumadoon restoration project on the Isle of Arran in Scotland to transform degraded coastal farmland into temperate rainforest, scrublands, and moorland bogs. Large herbivores will be introduced to shape a diverse landscape and support a new nature-based enterprise. The project will be financed through ‘Nature Investment Certificates’ with their price factoring in the costs of land management, resourcing and community benefits, which will be sold through an investment structure currently being developed. Funds from the sale of the certificates will be released at project milestones to deliver the activities. Nature credits are then transferred to certificate owners which represent verified improvements in ecosystem condition, alongside other benefits such as high-quality carbon units and visits to the site.
CreditNature
EarthAcre
Since 2023, EarthAcre has been leading the Ol Kinyei Biodiversity Project in the Ol Kinyei Conservancy, one of the oldest territories in Kenya's Maasai Mara. The region has historically seen significant land-use changes and increased fencing, which have disrupted key migratory corridors and degraded habitats, largely due to overgrazing by livestock. This project focuses on restoring these wildlife corridors and enhancing habitats through stewardship interventions. EarthAcre’s nature stewardship model provides direct payments to individual landowners for their commitment to conservation efforts, making it an economically viable option for local communities.
Earthly is a B2B company that secures investment into conservation and restoration projects compliant with the BNG regulation in England. The company has issued and sold Voluntary Biodiversity Credits (VBC) since July 2024. Each VBC corresponds to 3x3m parcels of land and is uniquely identified and recorded on a public ledger, which uses What3Words to map every square to avoid double counting.
Earthly
Ecotrust
The Environmental Conservation Trust of Uganda (ECOTRUST) Biocredits programme is a community-designed, owned and led corridor restoration programme, based on a multi-metric model. ECOTRUST has adopted the Gender Action Learning Systems (GALS) as a community engagement strategy throughout all stages of the Biocredits project’s design and implementation. The GALS methodology was created by Oxfam as a community-led household methodology that uses participatory processes to empower women and men at different literacy levels to jointly take action against gender inequality and plan for their futures together. With this approach to community engagement, ECOTRUST supports the effective recognition and protection of Indigenous rights and customary uses aligned to conservation objectives.
EDF, an electricity producer, has purchased carbon credits with biodiversity co-benefits issued from La Belle Forêt’s conservation project on the Chambord National Domain, a historical site in France with a large forested area. The Domain has committed to preserve 811 hectares of forest and implement biodiversity and water conservation actions over 4,280 hectares. This conservation project is financed through the purchase of credits by EDF. The project's biodiversity score, which impacts the selling price of the credits, will be reassessed every five years, creating an incentive to deliver improved biodiversity and water conservation outcomes throughout the life of the project.
EDF
Engie
ENGIE, a gas and electricity producer, has worked to restore mangroves near its Mirfa electricity and water production site, through a public-private partnership with the Environment Agency of Abu Dhabi. The goal is to increase local ecosystem resilience against major natural hazards through Nature-based solutions by creating natural buffer zones. This will be achieved through the restoration of the degraded mangrove area, which will benefit the local fauna it supports.
The French Ministry for Ecological Transition and the Seine Normandy water agency, with the support of the European Commission’s Green Assist, is developing a pilot to finance maintenance and restoration of wetlands in agricultural zones over the Seine Normandy basin area through the issuance biodiversity credits (Eau Seine Normandie, 2017). The credits will solely be available for voluntary contribution purposes to the buyers. Stewards of the wetlands and farmers, among others, will receive financial benefits – the project aims to be replicable across Europe.
European Commission, French Ministry for Ecological transition, energy, climate and risks prevention, Seine Normandy Water Agency
Fauna & Flora
Fauna & Flora is developing a conservation project in the South African Agulhas Plain in the Cape Floristic region, a biodiversity hotspot which is home to the endangered fynbos ecosystem. The project will be implemented in accordance with the Plan Vivo Nature standard to measure the impact of processes for controlling fire and invasive vegetation. It will also create a framework for participatory and inclusive biodiversity management, tailored to the local context. Through this biocredits pilot, Fauna & Flora is developing a model for accessing sustainable additional finance for conservation purpose in the area.
Fundación Cataruben is undertaking the "Destino PARAVER" project which looks to promote conservation of the PARAVER Civil Nature Reserve, located in the tropical forest of Cesar in Colombia, over an extended period. The reserve covers an ecological corridor that is home to endangered species like the spectacled bear. Though it has been under conservation for over fifty years, this ecosystem faces continuing threats including from real estate development and fires. The project aims to combine conservation, development and social empowerment through community participation in biodiversity management. It is turning to biodiversity credits to secure long term conservation funding.
Fundación Cataruben
Generali, an insurance group, has partnered with its sister company, the agri-food business Gruppo Leone Alato, to develop a carbon credit compensation project that promotes the reforestation of degraded farmland in Italy. The project is being implemented on Gruppo Leone Alato owned land that is no longer suitable for farming activities. Carbon credits issued from the outcomes of the project are sold to Generali to cover its compensation needs. Where biodiversity restoration activities are undertaken, outcomes are strictly measured. They constitute a voluntary commitment, and are neither credited nor added as a co-benefit to the carbon credit.
Generali Italia
illyCaffè
Illycaffè aims to assess and transform agricultural practices throughout its coffee supply chain, with the view to securing a resilient and sustainable supply of high-quality coffee. Having developed an impact assessment methodology for its coffee supply chain, the company is supporting the restoration of coffee plantations’ biodiversity in Latin America, Africa and Asia through capacity building with local coffee producers, upskilling them in regenerative agricultural practices, and monitoring the results of the shift in farming activities.
Kering, a luxury goods company, has been involved for 10 years in supporting a regeneration project in Mongolia, which seeks to transform local herding practices in order to secure a sustainable supply of cashmere. The growth of cashmere herds has led to the degradation of 60% of rangelands in Mongolia, posing a threat to ecosystem sustainability and local communities' livelihoods. Restoration actions are implemented by herders and include reducing livestock numbers and adjusting grazing practices to enhance ecosystem health, in exchange for payment for their stewardship services. Supporting local Nature stewards' conservation efforts allows them to maintain their income which balances out the reduction of their herd size. The project is currently financed by The Good Growth Company, the Kering group's foundation for philanthropy.
Kering
Mikro-Tek Inc.
Mikro-Tek Inc. and Wahkohtowin Development General Partnership Inc., a First Nations-owned corporation, have partnered to develop a restoration project in the boreal forest, initiated in the Height of Land – James Bay, Treaty No.9 in Northern Ontario, Canada. It makes use of Improved Forest Management (IFM) technology (based on the use of mycorrhizal fungi) for reforestation and improved planting results to improve carbon sequestration and biodiversity recovery. The project will cover both restoration of harvested sites and the protection of additional areas within the forest, extending over approximately 10.2 million hectares, and will sell both carbon and biodiversity credits.
In 2021 Noé signed a partnership agreement with the government of the Republic of Congo for the management of the Conkouati-Douli National Park for a period of 20 years. The park extends over 800,000 hectares of the Congo basin. The goal is to protect and restore plants and forest animal species, as well as wetland and mangrove ecosystems included in the project area. The action will be implemented by NGOs and communities both in the park and surrounding buffer zones. Measured outcomes will translate in stacked biodiversity certificates / nature units and carbon credits. Noé plans to oversee the claims that can be made from the acquired credits and the intended use of interested buyers.
Noé
Occitane
L’OCCITANE en Provence, a sustainable premium cosmetics company, started an Agroecology and Fair-Trade collective programme in the Provence and Corsica region of France in 2021. Farms supply a wide range of ingredients, and L’OCCITANE en Provence supports farmers to change their agricultural practices with technical assistance and a premium purchase price. As an example, a supplier of Provençal almond oil for over 20 years has replanted 80 hectares of almond trees: over 17,000 trees. They have pivoted to regenerative agriculture using only organic fertiliser and weeding the fields naturally with sheep, cover crops and micro-irrigation systems. Though the project is not structured on credits, L’OCCITANE en Provence considers that for insetting projects through value chains, biodiversity credits would help to quantify the positive impacts attached to the actions paid via the premium price. It also would lead to new financial mechanisms representing complementary revenues for farmers. Building on this existing network and programme, the project's scope could be expanded to include additional partners, farms, and areas in the South of France, creating a suitable field for a pilot.
Reforest’Action, a company focused on the restoration and regeneration of forest ecosystems, is partnering with the Guangxi Chongzuo Linda Forestry Company to restore public plots in the Ghizhou area in the west of China. The region was deforested and transformed into farmland, and intensive agriculture led to the deterioration of the soil and increased risk of erosion. The project aims to restore the land’s ecological properties as well as the biodiversity of the area, though the plantation of 1.5 million trees from six species native to the region from 2021 to 2024. Reforest’Action takes a holistic approach to project planning and measurement of impact, covering carbon storage as well as biodiversity and social outcomes through a combination of field monitoring, remote sensing and reporting from project implementers on predefined metrics.
Reforest'Action
Restore
Restore is a private corporation that invests in biodiversity restoration and maintenance projects through a prototype biodiversity fund, with the aim to issue biodiversity units based on verified outcomes, registered through a third-party registry. Restore is proposing that third party actors should become shareholders in its company with the prospect that the shares will be proportionally equated to a number of biodiversity units through a contract, once biodiversity outcomes are verified. These units will then be transferred from Restore to the shareholders alongside the linked claims rights allowing the shareholder to put the units on their balance sheet and claim them.
Savimbo, an Indigenous Peoples and local communities funded and run B-corporation, is implementing the Villagarzón and the Chandia Na'en projects, two biodiversity conservation projects on the border of the tropical Andean biodiversity hotspot between Colombia and Ecuador. Both are crediting projects, awaiting certification, and rely on the Interoperable Biodiversity Unit (IBU) for quantifying biodiversity. The project in Colombia stacks biodiversity credits with carbon credits from an adjacent project. Savimbo has developed guidance for buyers about claims.
Savimbo
Terrasos
Terrasos is supporting the development of the Alto Río San Juan Habitat Bank – Yerrecuy project, the first Habitat Bank registered and operated by an Afro-Colombian community in Colombia. It is located in the Chocó biogeographical region, a biodiversity hotspot of the country that is threatened by habitat loss and climate change. Through biodiversity credits, this stewardship project aims at securing long-term protection for natural resources in the territory belonging to the Alto San Juan ASOCASAN Community Council. The project's governance includes an ethno-development plan to ensure alignment and communication with the whole community and inclusion of its interests, and a performance-based payment model.
Waddapt is a service provider, combining a business-to-client approach through a marketplace connecting buyers interested in purchasing biodiversity units with on-the-ground projects co-designed with communities. Block-chain technology is used to secure proof of measurement collected through participatory science protocols on predefined metrics. One of the proposed projects focuses on the protection of the black rhino in Namibia where guards are equipped with a phone application that lets them record evidence and upload it on Waddapt. All collected data is openly accessible on Waddapt’s website, and buyers have a specific dashboard dedicated to the project, funded by the units they bought, monitoring all defined metrics of the project. With this service, Waddapt aims to match biodiversity credit projects and buyers, as well as limit the costs for projects where the use of distributed ledger technology limits the need for validation and verification body interventions.
Waddapt
Wildlife Conservation Society
The Wildlife Conservation Society (WCS) is implementing the Blue Future project to establish a resilient Marine-Terrestrial Protected Area (MPA) which will contribute to over 1% of Mozambique’s national marine protection targets. The project aims to prepare the area to receive biodiversity offset credits to compensate for residual impacts on biodiversity caused by development projects in Mozambique, in ways that align with the country's compliance regime. WCS is considering supporting the offering of credits for voluntary contributions from the project in the future, with strong controls in place on associated claims. The project supports the restoration of coastal forests, mangroves, coral reefs, and seagrass, which are crucial for maintaining ecosystem services, and the adoption of sustainable resource management practices (for example, agricultural and business practices). Local communities are actively involved in ecosystem management, benefit from capacity building and a performance-based payment system, are included in project design and implementation, and have access to a grievance mechanism.
WWF France has launched the Nature Impact conservation initiative which aims to contribute to the preservation, restoration and sustainable management of forests in France. Through this initiative, WWF incentivises contributors to implement nature commitments and pushes for transformative approaches to corporate efforts for biodiversity. WWF also oversees the reliability of claims by making sure that their content reflects the quality of projects' activities and the accuracy of impact measurement.
WWF France