Mission Alignment

This investment primarily aligns to our net zero mission and supports our innovation mission.

The fund is focussed on wide scale new planting and is forecast to sequester 1.2m tonnes of CO2. Further there is a commitment to sustainable forestry management promoting climate resilience, protecting biodiversity and restoring ecosystems. The fund will also provide sustainable building materials and help to displace steel and other carbon intensive products in building and construction.

In addition, there are environmental benefits from biodiversity, flood defence, improved air quality, reduced soil erosion and outdoor recreation. The investment will also support existing and new jobs in rural Scotland.

"The launch of this sustainable forestry fund will create new woodland in Scotland, helping to achieve net zero and bringing local economic benefits."

Eilidh Mactaggart

CEO - Scottish National Investment Bank

Key Information

  • Amount Invested

    £50m over 5 years

  • Location

    60% of the fund will be directed to Scotland

  • Carbon capture forecast

    1.2 million tonnes of CO2 over 20 years

Key Quotes

Eilidh Mactaggart, CEO of the Scottish National Investment Bank:

“The Bank is delighted to cornerstone this new sustainable forestry fund focussed on new and diverse planting in Scotland.

Gresham House is an experienced forestry fund manager, and we are very excited to support them in this new venture. The new planting element and ability to generate carbon credits represents a novel investment proposition which mainstream investors have yet to fully embrace.

The Bank’s cornerstone investment is designed to encourage other investors to follow us into this new type of forestry fund. We therefore believe this opportunity to be an excellent fit for the Bank’s ambition to lead the way on innovative mission aligned investments.”

Olly Hughes, Managing Director, Forestry, Gresham House Asset Management:

“This impressive first close is a testament to Gresham House’s long-standing track record in the forestry space and the Bank’s cornerstone investment will help to catalyse further investment in this asset class from institutional and private client investors.

This flexible strategy allows investors to choose to use the carbon credits generated for offsetting purposes or sell the units to create an income.

As investors increasingly focus on sustainable investments, forestry is emerging as one of the most impactful solutions, which combats climate change and enhances biodiversity, while also serving as an excellent investment diversifier and producing meaningful uncorrelated returns.

Alignment to the United Nations' Sustainable Development Goals

All of the investments we make support the UN's Sustainable Development Goals. This investment supports the goals below:

  1. 8. Decent work and economic growth with increasing bar graph and arrow image

    Goal 8

    Decent Work and Economic Growth

    Supporting jobs for people in remote areas of Scotland

  2. 12. Responsible consumption and production with recycling infinity icon.

    Goal 12

    Responsible Consumption and Production

    Increasing supply of sustainable materials

  3. 13. Climate action with globe as part of eye image

    Goal 13

    Climate Action

    The fund aims to sequester 1.2m tonnes of carbon

  4. 15. Life on land with nature vista image

    Goal 15

    Life on Land

    Promoting sustainable use of terrestrial ecosystems and sustainably managing forests

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