Update: Revere won the Business Green Nature-based Project of the Year! Learn more about the award win.
Revere, a partnership between Palladium and UK National Parks that makes it possible to restore natural habitats with private capital, has been shortlisted in Business Green’s Leaders Awards for 2022. The awards, which are now in their 12th year running, showcase and celebrate the best of the UK’s green economy and those businesses, projects, and entrepreneurs supporting the net zero transition.
Shortlisted in the category of Nature-based Project of the Year, Revere is being recognised for its contribution towards finding new ways of financing conservation projects in some of the UK’s protected landscapes. “To be shortlisted for this award is a testament to the commitment everyone has for this project,” says Andrew Sutherland, Palladium’s Nature-based Solutions Director.
“Revere’s unique approach to harnessing new ways to tackle the climate and biodiversity crises is already leveraging both public and private finance and making progress on the ground with our pilot projects – the future is exciting.”
Revere is sourcing private funding from major partners and developing innovative projects that work for nature, investors, and communities. These already include a large-scale peatland restoration project in the Cairngorms National Park and an initiative in the North York Moors National Park to restore habitats and deliver natural flood defence improvements.
The UK has an estimated £56 billion finance gap to secure key nature-related outcomes over the next 10 years. Nature continues to be vastly underfunded and undervalued around the world, and projects like Revere aim to help change that narrative and close the funding gap.
“When we heard about the enormous challenges facing the National Parks here in the UK, we realised we could use our global expertise to find the funding to restore nature at the scale and pace that’s needed,” Sutherland explains.
Revere, which supports the UK National Parks’ Net Zero with Nature strategy, develops restoration projects with land managers and capital from major global companies.
The innovative projects generate revenue through the sale of ecosystem services – such as carbon credits and nature restoration – creating accessible new funding alternatives for farmers and landowners looking to improve the quality of landscapes and biodiversity. “Revere has brought together a team of people dedicated to help tackle the huge climate and biodiversity crisis we are facing,” adds Sutherland.
The Business Green award winners will be announced on 22 June in London.
For more information, visit Revere or contact firstname.lastname@example.org.