Global Canopy
Global Canopy is a not-for-profit organisation aiming to support transparency and reporting standards enforced in global supply chains and industries. Using quantitative evidence, Global Canopy supports sustainable finance by developing portfolios and reports based on environmental data initiatives in partnerships with research institutions for governments and financial institutions worldwide.
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OVERVIEW
Global Canopy is a data-driven charity organisation aiming to collect and distribute data to equip investors, governments, and world leaders with credible information useful in improving financial decisions. By improving access to data, Global Canopy is seeking to close the information gap preventing institutional forces from understanding the true effects of negative-impact activities on the environment. Supporting these individuals and entities is what Global Canopy believes will create the necessary changes the financial sector needs to support opportunities for global sustainability.
In July 2020, Global Canopy collaborated with the United Nations Development Programme (UNDP), the United Nations Environment Programme Finance Initiative (UNEP FI), and the World Wildlife Fund (WWF) to develop the Taskforce for Nature-related Financial Disclosures (TNFD). This global framework incorporates current tools and materials to deliver a guide for organisations to identify and report nature-related risks to shift away from.
Global Canopy’s partnership with UNEP FI and UNEP’s World Conservation Monitoring Centre (UNEP-WCMC) developed ENCORE, a tool identifying the dependencies and impacts of businesses on nature, and how these translate into business risk if nature is compromised. ENCORE has been used by central banks such as De Nederlandsche Bank, and the World Bank.
Global Canopy’s 2021 publication, The Little Book of Investing in Nature (LBIN), features a comprehensive guide for investors, industries, and governments to understand current biodiversity conservation needs and steps on generating, delivering, and realigning financing towards biodiversity. The LBIN puts forth a significant case regarding the current state of global biodiversity and the immediate global action needed for critical change.
Global Canopy’s Founder and Senior Advisor, Andrew W. Mitchell, is an international expert of sustainable finance. He is also the Founder and CEO of Equilibrium Futures, Co-Founder of the Natural Capital Finance Alliance, and catalysed the TNFD and is currently the Vice Chair of its Stewardship Council.
MISSION STATEMENT
Our vision is of transparent and accountable markets in a sustainable and just global economy.
Our mission is to improve the data, metrics and rules needed for global markets to stop nature-related impacts and maximise opportunities for positive action.
FUNDING SOURCES
Global Canopy receives donations from multiple foundations and charitable trusts such as the Waterloo Foundation, the Ernest Kleinwort Charitable Trust, and CHK Charities Limited. They also receive individual donations from private individuals. Global Canopy’s restricted and unrestricted donations and legacies totalled EUR 414,000 in 2021.
Global Canopy also derives funding from charitable activities. This income was reportedly gained from corporate performance, supply chain transparency, and nature related finance activities. In 2021, this totalled EUR 1,939,000.