The Business of Natural Capital THIS EVENT WILL BE STARTING SOON - PowerPoint PPT Presentation

The Business of Natural Capital THIS EVENT WILL BE STARTING SOON

Updated weekly, please visit www.cla.org.uk/coronavirus or contact your Regional Office for 1-2-1 specialist advice CLA Briefing Paper: CLA WIN AS GARDENS TO COVID-19: Re-starting BE REOPENED TO PUBLIC the rural economy 26 May 2020 #CLAWebinar

The Business of Natural Capital  Ann Maidment Director, South West, CLA – Introduction  Panel Discussion One – What’s happening now?  Panel Discussion Two – What needs to happen in the future?  Q&A Session

An Introduction to Natural Capital The Natural Capital Committee (a Government Advisory Body) definition: “elements of nature that directly or indirectly produce value or benefits to people, including ecosystems, species, freshwater, land, minerals, the air and oceans, as well as natural processes and functions ”.  Much-needed investment and new income streams for the rural economy;  Mitigation tool for businesses;  Recognition of the environmental assets;  Benefit to society as a whole. #CLAWebinar

Archie Ruggles-Brise, Co-owner & Estate Harry Greenfield Manager, Spains Hall Estate Harry is a senior policy adviser who has Archie runs the Spains Hall Estate in North been with the CLA since 2018. Before Essex. Incorporating a mix of woodland, let joining the CLA he worked for 10 years in a farming, property, in hand environmental and range of roles related to farming and the tourism enterprises Archie is actively environment. He advises on environmental exploring potential to further diversify into land use, including agri-environment provision of environmental goods. As a schemes (Environmental Stewardship and Chartered Water and Environment Manager, Countryside Stewardship), protected and following time spent in the species, natural capital, invasive species, environmental charity sector, he developed pollinators and nature conservation. a natural flood risk management project to benefit the local village, employing beavers Oliver McEntyre to build a new wetland and generating National Agricultural Strategy Director, tourism income. Barclays Oliver grew up on a family farm in Lancashire, after 3 years at Myerscough Dr Jason Beedell, Rural Research College he spent 10 years managing pig Director at Strutt & Parker units throughout the north west, then spent 6 years as an independent Farm Business Jason provides knowledge on rural property, Advisor. In 2006 he joined Barclays as farming and land use to S&P’s rural team, Senior Agricultural Manager for Cumbria and clients, as well as commissioned research Scotland before being appointed National projects. He worked with eftec to produce a Agricultural Specialist in 2012. In his current role as Barclays’ National Agricultural natural capital account for Clifton Castle in Strategy Director, Oliver oversees Barclays’ Yorkshire, which was the first account for a large, complicated rural estate in the UK. agricultural strategy and positioning from an industry perspective. #CLAWebinar

Panel Discussion One – What’s happening now? #CLAWebinar

Natural Capital Accounts Jason Beedell, jason.beedell@struttandparker.com, 07795 65 14 93 Ian Dickie, ian@eftec.co.uk, 07740 512 593 The information in this presentation is the property of eftec and Strutt & Parker. It may not be copied or distributed without the express written consent of both firms.

Farm X Example – Baseline Account* * Simplified to illustrate changes in future values Phy hysic ical al Flow Monetar ary Flow Benef efit it Quant ntit ity Unit In In-ha hand nd activity vity Tenan ant Public lic Food Arable output 735 Tonnes £11.6k net income £ net income to tenants Livestock output 130 Heads £8.8k net income £27k net rent Timber er 109 Tonnes £20.4k net income Climat ate (GHG GHG flow) w) Sequestration (woodland) 277 tCO 2 e £64k Net flux (farmland soil) 158 tCO 2 e £37k Livestock emissions (385) tCO 2 e (£89k) Fertiliser use (141) tCO 2 e (£37k) Manure management (8.4) tCO 2 e (£2.1k) Farm & other operations (19) tCO 2 e (£4.6k) Water er Qualit ity impacts (29) Kg N0 3 leaching (£0.3k) Recrea Re eatio ion 23k No Visits £85k Phy hysic ical al Healt lth 12k Active visits £29k Total al £41k £27k £18k Maint ntena enance nce costs (£38k) k) (£4k) k) 8

Farm X Example – land use changes proposed New woodland Stopped grazing on Change arable system planted… some marginal land… to increase productivity to top 25%... …so decreased …increased timber livestock output and …and switch to organic revenue rent… fertiliser… …and higher …and lower livestock …and actively work to GHG and N emissions woodland GHG improve soil organic matter (SOM) sequestration 9

Farm X Example – Future Account* * Simplified to illustrate changes in future values Baseline Monetary Flow Future Monetary Flow Benefit In-hand Tenant Public In-hand Tenant Public Food Arable output £11.6k net income £11.2k net income £ net income £ net income tenants tenants Livestock output £8.8k £7.3k £27k net rent £24k net rent Timber £20.4k £30.4k Climate (GHG flow) Sequestration (woodland) £64k £126k Net flux (farmland soil) £37k £47k Livestock emissions (£89k) (£72k) Fertiliser use (£37k) (£21k) Manure management (£2.1k) (£2.1k) Farm & other operations (£4.6k) (£4.6k) Water Quality impacts (£0.3k) (£0.1k) Recreation £85k £85k Physical Health £29k £29k Total £41k £27k £18k £49k £24k £187k Maintenance costs (£38k) (£4k) (£42k) (£7k) 10

The Business of Natural Capital Oliver McEntyre Barclays National Agricultural Strategy Director 11

HARRY GREENFIELD SENIOR POLICY ADVISER, CLA

Why natural capital and why now? • Understand the full value of your assets • Understand the potential to add value • Seek payment for goods and services #CLAWebinar

Who pays for natural capital? Businesses (or Government Developers Water companies insurers) Green Finance Corporate Supply Chain Carbon credits Green prescribing investment #CLAWebinar

Archie Ruggles-Brise Partner Spains Hall Estate BSc (Hons) C.WEM archie@spainshallestate.co.uk linkedin.com/in/archierugglesbrise/

Why Natural Capital? • Integrate wider environmental benefits into estate- management • Assess impact of our existing flood project • Shape future estate plans & project ideas • Help build a business case for sustainability • Safeguard assets • Better visibility of the potential for environmental markets #CLAWebinar

#CLAWebinar

New information • Better quantification of estate assets • 26ha hedges (~3% land area, 28% of woodland cover) • 11.4km watercourses • 1.4ha open water • 19ha in Floodzone 2, 17ha Flood Zone 3 • Identification of risks to the underlying natural asset base • Quantifying positive & negative environmental impacts • Relative scale of ecosystem services provision on our land #CLAWebinar

Panel Discussion Two – The Future #CLAWebinar

THANK YOU FOR PARTICIPATING CLA Guidance Available: Coming up next… Forestry Update – Thursday 4 th June 11am As well as future sessions of ‘In Conversation With…’ Jake Fiennes, Holkham Estate – Thursday 28 th May 4pm Alastair Driver, Rewilding Britain – Friday 12 th June 3pm #CLAWebinar