Jul 2024
Delivering more by insetting through nature based solutions
New regulations and frameworks are incentivising disclosures and target-setting by companies for both climate and biodiversity (e.g. CSRD, EUDR, TNFD, SBTN). While 'offsetting' refers to investments in projects outside a company's footprint to compensate for impacts, there is growing interest in 'insetting.’ Insetting involves taking actions to address impacts and enhance nature within landscapes associated with their supply chains.
Our briefing paper, produced jointly with the team at Nature-based Insights, a social venture spin-out of the Nature based Solutions Initiative at the University of Oxford, explains how adopting an NbS approach to insetting has the potential to address corporate supply chain impacts and risks while improving local social, ecological, and operational resilience.