Sustainable finance and forest biodiversity criteria

From Science to Policy 16

Gert-Jan Nabuurs, Anna Begemann, Stefanie Linser, Yoan Paillet, Davide Pettenella, Sophus zu Ermgassen
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Sustainable finance and forest biodiversity criteria
Scoping for an EU Taxonomy that sets minimum requirements for biodiversity conservation in forest-related investments

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This science-policy study sets out how forest-related biodiversity could be included in the EU Taxonomy, to help encourage sustainable investments in forests.

The EU Taxonomy Regulation creates a common set of indicators and criteria to classify sustainable commercial activities and investments. While forest-related activities have been included in the EU Taxonomy under climate change mitigation and adaptation criteria, so far they have been excluded from biodiversity protection and restoration criteria.

This report aims to fill the gap. Based on scientific evidence it provides guidance for biodiversity-oriented forest management, and proposes a set of 26 quantitative indicators and provides examples of thresholds which would be applicable under the EU Taxonomy standard. Novel monitoring methods are presented for cost efficient assessments of forest biodiversity and compliance to the Taxonomy. 

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ISBN 978-952-7426-82-1 (print) 
ISBN 978-952-7426-83-8 (online) 

Date of publication: 13 May 2024

Recommended citation: Nabuurs, G.J., Begemann, A., Linser, S., Paillet, Y., Pettenella, D., zu Ermgassen, S. 2024. Sustainable finance and forest biodiversity criteria. From Science to Policy 16. European Forest Institute.


Gert-Jan Nabuurs, Wageningen University and Research
Anna Begemann, European Forest Institute
Stefanie Linser, Department of Economics and Social Sciences,
University of Natural Resources and Life Sciences, Vienna
Yoan Paillet, INRAE, Université Grenoble Alpes, Lessem
Davide Pettenella, TESAF Department, University of Padova
Sophus zu Ermgassen, Department of Biology, University of Oxford