Definitions

Hectares under sustainable land use management

The area of land under improved (sustainable land use) management where there is a demonstrable contribution as a result of P4F support.

Improved management is defined as an area of land that is subject to a written management plan, agreement or contract that outlines how the land will be managed to deliver improved environmental, social and economic benefits as compared to a business as usual counterfactual.

Sustainable land use is defined as land use that delivers improved environmental, social and economic benefits, as indicated within the P4F assessment criteria of ‘sustainable land use’, ‘social impact’ and ‘business case’ in the P4F assessment workbook and with reference to the five principles of sustainable land management outlined in the FAO’s Framework for Evaluating Sustainable Land Management (FESLM) :

  1. Productivity: maintaining or enhancing production
  2. Security/resilience: reducing the level of production risk
  3. Protection: protecting and maintaining the potential of natural resources and/or ecosystem services
  4. Viability: ensuring the proposed land use(s) are economically viable
  5. Acceptability: ensuring the land management practices are socially acceptable and do no harm

Private investment mobilised

The amount of private investment (in GBP) that is mobilised into forests and sustainable land use where there is a demonstrable contribution as a result of P4F support.

Private investment is finance from non-public sources such as banks (including multilateral or regional development banks (MDBs) and development finance institutions (DFIs) –investment from these latter two sources is disaggregated), private companies, private or company pension funds, NGO money, CDM financing, voluntary carbon credit market, insurance companies, private savings, family money, entrepreneurs’ own capital and sovereign wealth funds. All types of investment are included such as equity, debt and guarantee, internal company investment, sales against BAU (premium only or off-take agreement), and match-funding (private sources only).

Private investment can also include revenue impact, an increase in revenue driven by increased sales volume or increased sales price that is linked to deforestation free or sustainable land use production and management practices. Revenue impact is disaggregated based on the price and volume under BAU and that post intervention. Providing there are clear deforestation free or sustainable land use production and management practices that are mandatory to secure the sales in terms of both price and volume, then the entire sale can be considered revenue impact.

Mobilised is defined as resources committed from the private investor that are subject to a written agreement or contract. The resources must be contracted before the end of 2023 but can be delivered up until the end of 2028.

Notes on figures

2020 target: this is the programme outcome target by the end of December 2020.

2023 target: this is the programme outcome target by the end of the programme in December 2023.

To date: results achieved as of June 2021.

Projected: these are the projected results from the entire P4F portfolio of businesses and projects currently being incubated and provided with financial and technical assistance. Within the P4F portfolio we expect projects to fail during the incubation process and not succeed in securing private investment, scaling up or expanding their area of operations. As such the projected figures are the best-case scenario of 100% success within the P4F portfolio. The total projected portfolio outcomes are included to provide context with regards to the potential outcomes and impact if all projects were successful, however, we do not expect them all to be.

Carbon benefit – emissions removed or avoided

The carbon benefit of our projects is calculated through forest cover change. Reforestation projects increase the forest cover and result in emissions removed (through sequestering of carbon dioxide). Forest protection projects aim to prevent deforestation and therefore prevent forest cover decreasing, resulting in emissions avoided (compared to Business as Usual). Both methodologies are projections of potential impact, projections are made to 2023 (the lifetime of the programme) and a 20-year projection for each Forest Partnership. Carbon benefit is measured in tonnes of CO2 equivalent.

Countries

13 countries: the number of countries that P4F is actively delivering projects and results (correct as of June 2021).

Forest-focused partnerships

Forest focused partnerships are projects, initiatives or businesses that focus on delivering investments in which the private sector, public sector and communities can achieve shared value from sustainable forests and sustainable land use.

This figure includes all projects currently in receipt of support from P4F and those previously having received support that have since been completed or dropped (correct as of June 2021).