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Instinet and Wildlife Conservation Society Launch REDD Positive CampaignThe WCS REDD Positive Fund will accelerate the development of REDD Positive projects worldwide
September 21, 2022
Instinet Holdings Incorporated
New York, September 21, 2022 - Instinet Holdings Incorporated, a wholly owned subsidiary of Nomura, today announced a project undertaken with the Wildlife Conservation Society (“WCS”) called REDD Positive, which is designed to fund and accelerate early-stage forest conservation and reforestation projects and to provide education about the critical role nature-positive solutions play in processing greenhouse gasses.
Through the implementation of UN-designed REDD Positive frameworks, governments, local communities, and other stakeholders work to protect, preserve, and expand global forests and carbon-rich ecosystems. Additionally, these REDD Positive projects will create transparent and accountable protocols for generating market-tradable carbon offsets (“verified carbon units”, or VCUs) linked to activities that protect and conserve these natural carbon sinks.
The WCS REDD Positive Fund was founded in 2021 by an initial contribution from Instinet. The fund aims to connect the worlds of business and conservation to combat deforestation in rigorous, actionable, and achievable ways. The WCS REDD Positive Fund invests charitable funds in conservation and reforestation projects worldwide.
To date, the efforts of REDD Positive continue to gain momentum, including WCS’s flagship project in Keo Seima, Cambodia, which achieved financial stability following $31 million plus in credit sales in the 2021 fiscal year and another $12 million in 2022.
Ralston Roberts, Global CEO of Instinet, said, “We’re excited to work with the Wildlife Conservation Society to combat climate change in a meaningful and actionable way. As influential global leaders gather to mark Climate Week, REDD Positive offers a powerful example of an impactful and measurable way to fund more conservation projects that are critical to the long-term health of our planet.”
Cristián Samper, President and CEO of the Wildlife Conservation Society, said, “REDD Positive will leverage decades of forest conservation research, and is backed by the rigorous scientific approach that is a hallmark of the Wildlife Conservation Society. Protecting and preserving the world’s great forests is an important component to achieving the carbon reduction goals of the Paris Agreement, conserving biodiversity, and paving the way for a more sustainable environment in the near future. With the support and collaboration of firms such as Instinet, we are excited to continue advancing and accelerating early-stage REDD+ projects worldwide and harnessing the power of nature-based solutions.”
J. Lawton King
Corporate Communications, Nomura
Phone: +1 (212) 667-9971
Instinet Incorporated, through its brokerage subsidiaries (collectively, "Instinet"), provides technologically advanced, agency-model brokerage services to institutional clients worldwide. As the wholly-owned execution services arm of Nomura Group, Instinet seeks to add value across the investment life cycle, providing: Execution Services - a suite of smart, and flexible electronic trading strategies and experienced high-touch trading teams across equities and derivatives; Crossing and Liquidity - top-ranked BlockCross®, as well as regulated crossing pools in multiple regions offering opportunities for block-like execution; and Instinet Technology Solutions - offering award-winning, customizable desktop platforms such as Newport® EMS, a suite of Trading Analytics, and Plazma®, a Research Payment and Commission Management system. Instinet helps institutional investors create, protect and capture alpha, reduce complexity, and lower overall trading costs to ultimately improve investment performance. Over the course of its more than 50- year history, Instinet has been a pioneer in electronic trading, creating of an array of now industry-standard technologies and the world’s first major electronic trading venue. For more information on how Instinet helps clients every day, please visit instinet.com
About WCS (Wildlife Conservation Society)
The Wildlife Conservation Society (WCS) is a US nonprofit, tax-exempt, private organization established in 1895 that saves wildlife and wild places by understanding critical issues, crafting science-based solutions, and taking conservation actions that benefit nature and humanity. With more than a century of experience, WCS currently oversees a portfolio of more than 500 conservation projects in Asia, Africa, Latin America, and North America, and the oceans between them. With a presence in more than 60 nations, and experience helping to propose or establish 347 protected areas across the globe, WCS has amassed the biological knowledge, cultural understanding, and well-established partnerships to ensure that vibrant, wild places and wildlife thrive alongside local communities.
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