Alejandro Litovsky has been selected as a UBS Global Visionary, and is recognised as a global entrepreneur shaping opportunities to involve financial institutions in the financing of nature.
“Giving natural assets a place in the portfolios of Asia’s leading financial institutions will require building a supporting financial ecosystem - and this is something that Singapore is uniquely positioned to do”, Earth Security CEO & founder said.
At this year's Philanthropy Asia Summit, hosted by the Temasek Foundation, Alejandro Litovsky presented a series of opportunities for philanthropic capital to be deployed in a way that unlocks the private capital that is required to finance nature-based solutions in Asia and address existential risks to the region posed by the climate crisis.
Earth Security and its partner the Philippine Insurance and Reinsurance Associatoin (PIRA) hosted re/insurance CEOs and the regulator to discuss the business case for pricing natural assets in underwriting. The discussion built on the strategy recommendations of Earth Security’s latest report and centred on opportunities to improve products, business strategies, and the formation of an industry working group to drive collaboration on specific solutions.
In a keynote at the Asia-Pacific Insurance Conference, Alejandro Litovsky presented an innovative blueprint for re/insurance companies to integrate natural assets into product innovation. The market opportunity includes pricing the value of natural assets into policies, creating new insurance products to protect natural capital and supporting the transition of corporate and government clients to net-zero and climate resilience.
Until now, the value of natural assets such as mangroves has been widely overlooked in the business sector. Our new report offers a simple methodology using available science and public datasets for five coastal cities in the Philippines, with recommendations to drive strategic decisions, models and products in the race to resilience.
On World Ocean Day 2022, Earth Security calls for a raised collective ambition to finance nature for coastal resilience at scale. With the M40 Initiative, we work towards mobilising private sector finance for mangroves as a powerful nature-based solution for coastal resilience, climate mitigation and sustainable livelihoods.
Swiss bank UBS has announced a US$2 million investment in Earth Security’s catalytic Mangrove 40 (M40) initiative. The initiative, which Earth Security first described earlier this year, aims to scale up innovative finance for a pipeline of mangrove conservation and restoration projects across the tropical belt of the planet, the remaining mangrove frontier. Additionally, UBS is matching 10 percent of contributions made by its clients.
Today, at a ceremony during the COP26 climate summit in Glasgow, Earth Security was named as a winner of The Global Environment Facility’s Challenge Program for Adaptation Innovation. A competition that provides seed funding for innovative initiatives designed to help vulnerable countries cope with the worsening climate crisis.
Earth Security is moving to implementation of its 'municipal mangrove bond' proposal by partnering with HSBC Australia. The Australia-first project is part of HSBC Australia’s broader commitment to developing new financial tools, including nature-based climate solutions, which can support the transition to a low carbon economy and also protect livelihoods in local communities. The two-year project builds on previous work conducted by Earth Security throughout 2020, which identified the opportunity for municipal districts and cities to issue bonds to support mangrove ecosystems and also 40 specific locations, including Brisbane and Darwin, with the potential to do so.
As part of our ongoing initiative to facilitate private sector engagement for financing ecosystem-based adaptation (EbA) in the Philippines, Earth Security co-convened a Webinar with the Asian Institute of Management (AIM) on the Financing and Valuation of Ecosystem-based Adaptation in the Philippines.
On Earth Day our CEO Alejandro Litovsky gave a keynote speech at The Exponential Climate Action Summit – Financing the Race to Zero, a global event organised by We Have No Time which was watched by over 5 million people around the world. He proposed a practical blueprint to bring the value of nature-based solutions to the worlds of finance, and unlock the potential of nature to fight climate change on a global, exponential scale.
Our webinar brought together finance leaders that are shaping blended finance models for nature across the public and private sectors, to reflect on how they approach these models and what the opportunities ahead are.
Earth Security’s CEO chaired a panel of banks and investors at Environmental Finance’s Natural Capital Investment Conference 2021, which explored investment strategies, the market gaps and opportunities to grow a global pipeline of nature-based investments.
On February 17th 2021, Earth Security launched a new programme to help the insurance and reinsurance sector in the Philippines to capture some of these opportunities. The programme will help develop innovative products, underwriting models and partnerships as part of the sector’s climate leadership. By underwriting risks to companies in every industry sector, the insurance and reinsurance sector can play a catalytic role in sending market signals for companies to incorporate the value of nature more actively in their business models.
By recognising the value of America's natural capital, President Biden can refresh US climate leadership, while vowing to mobilise finance for solutions to domestic issues. A 'Natural Capital Council' can advise the President on how US industries, states and cities can use nature-based solutions to build their economic resilience. Such a council can help pull together the significant expertise, private capital and innovative finance models that are readily available across the United States.