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Being sparsely populated, the Eastern Plains Landscape (EPL) offer a unique opportunity to secure the region’s biodiversity at a large scale. Growing evidence demonstrates how sustainable use of the ecosystem services provided by well-managed PAs benefits both the private and public sectors. A diverse range of financing options are available for the private sector to ensure the protection and management of vital ecosystem services.
WWF-Cambodia is engaging with the private sector and the government to elaborate such mechanisms for the Phnom Prich Wildlife Sanctuary (PPWS) and Mondulkiri Protected Forest (MPF) and to ensure that the private companies follow a green growth path that respects the natural heritage of the region and embed sustainable management and cleaner production methods in their operations.
© Nick Cox
Why would the private sector invest in PAs ?
Investing in the protection of ecosystem services can bring considerable benefits to the private sector, including :
- Maintain or increase profitability by reducing ESG (Environmental, Social and Governance) costs and lowering risk of supply chain scarcity that would impact on price inflation
- Strengthening brand value as there is a global pressure for a green economy
- Potentially attracting new investors and lenders, such as the 80 banks that are signatories to the Equator Principles and favour environmental performance
- Ensuring good government relations
Project document
Project activities
Identify and implement protected areas (PA) fundraising mechanisms that engage the private sector
The objective is to make the private sector aware of its responsibility to promote sustainable economic development and incentivize companies to engage in payment for ecosystem services schemes.
The project is achieving this through :
- gathering best practices on sustainable PA financing,
The objective is to make the private sector aware of its responsibility to promote sustainable economic development and incentivize companies to engage in payment for ecosystem services schemes.
The project is achieving this through :
- gathering best practices on sustainable PA financing,
- evaluating potential PA financing schemes in Mondulkiri
- establishing and encouraging private sector participation in the schemes
- sharing results and lessons learnt with stakeholders and potential multipliers
© WWF-Cambodia