Forest Invest

The ForestLink newsletter sign-upBIOFINToday, I’m joined by Abbie Trinidad, Anabelle Plantilla, and Niran Nirannoot from the Biodiversity Finance Initiative (BIOFIN), a UNDP-led programme now active in 131 countries. In this conversation, we explore how BIOFIN is tackling the biodiversity finance gap through practical ecotourism and conservation finance models in the Philippines and Thailand. We discuss community-led approaches in Sibalom Natural Park, tourist user charges and coral reef restoration on Koh Tao, and mangrove conservation in Phetchaburi. Along the way, we examine what it takes to attract private sector interest into biodiversity projects, the importance of policy and local institutions, and why conservation is increasingly an economic issue as much as an environmental one."Conservation is not just an environmental issue, it is actually an economic one" - Anabelle00:05 – Intro & BIOFIN guests00:36 – Favourite trees (icebreaker)01:48 – What is BIOFIN?05:53 – Why private investment matters07:56 – Biodiversity investment opportunities09:13 – Philippines: Sibalom Natural Park12:11 – Community ecotourism model18:36 – Early biodiversity outcomes23:15 – Carbon credits & policy gaps29:24 – Thailand: Koh Tao case32:29 – Tourist fee & fintech system39:00 – Impact: waste & coral recovery42:03 – Mangroves, co-investment & carbon48:36 – Key challenges & investor mindset52:55 – Final takeaway: nature as investmentFounding Director and Host: Shauna Matkovich - The ForestLinkProducer and Editor: Magdalena Laas - Unscripted CreativesNature by MaxKoMusic/SoundcloudSopwell Woodlands and Scohaboy Bog SAC, Cloughjordan, Co Tipperary, IRELAND by wild_rumpus/SoundcloudAmbient Documentary by Sound Guru (Pixabay)

The ForestLink newsletter sign-upCapMan Natural CapitalToday, I’m joined by Jyri Hietala and Tapani Pahkasalo, Managing Partner and Co-Managing Partner of CapMan Natural Capital. In this conversation, we discuss CapMan’s approach to active forest investment management across Europe and unpack the recent sale of a Baltic forest portfolio to Inter IKEA. Jyri and Tapani explain how they build institutional-scale portfolios, create value through forest management, renewable energy, and other ecosystem services, and position assets for different buyer profiles at exit. We also talk about what this transaction may signal for the future of European forest investment. From industrial demand for long-term wood supply to the growing importance of biodiversity, carbon, and natural capital value creation, this episode explores why high-quality forestry assets are attracting attention from both financial and strategic buyers."You need to understand who your future buyers are—financial, strategic, or impact-driven—because the way you structure your assets today, including contracts and value streams, can directly influence your exit opportunities.” - Jyri"This transaction is a strong example of building an industrial-scale portfolio and finding the right buyer who understands the value created—not just in timber, but across the entire asset, including sustainability and long-term management.” - Tapani0:11 Introduction to the episode0:20 Meet Jyri Hietala and Tapani Pahkasalo from CapMan Natural Capital0:37 Favorite trees: pine and cork oak1:46 Guest backgrounds and introductions3:52 Why Dassos joined CapMan7:07 CapMan Natural Capital’s investment approach9:37 Value creation beyond timber12:46 Current investment markets in Europe13:40 The Inter IKEA transaction14:35 How the Baltic portfolio was built17:34 Previous owners and local forest management20:12 Why Inter IKEA was the right buyer21:22 What made the transaction successful23:19 What the deal signals for European forestry25:09 Forest health, bark beetles and wood supply27:00 Industrial buyers and vertical integration29:05 Biodiversity and ecosystem services31:15 How buyer types shape portfolio strategy37:02 Offtake agreements and exit flexibility38:03 Why Europe remains attractive for investors39:32 Advice for new forest investors40:29 Where to learn more about CapMan Natural CapitalFounding Director and Host: Shauna Matkovich - The ForestLinkProducer and Editor: Magdalena Laas - Unscripted CreativesNature by MaxKoMusic/SoundcloudSopwell Woodlands and Scohaboy Bog SAC, Cloughjordan, Co Tipperary, IRELAND by wild_rumpus/SoundcloudAmbient Documentary by Sound Guru (Pixabay)

The ForestLink newsletter sign-upNatureVest (The Nature Conservancy)The Cumberland Forest ProjectBlended FinanceToday, I’m joined by Greg Meade, Cumberland Forest Project Director at NatureVest. In this conversation, Greg explains how the Cumberland Forest Project was structured as a closed-end private investment fund designed to put conservation and community outcomes on equal footing with financial return. We talk about blended finance, sustainable timber harvesting, carbon offsets, conservation easements, renewable energy, and the project’s community fund in rural Appalachia. Greg also shares what NatureVest has learned from building this model, how the fund is performing relative to US timberland benchmarks, and what investors and forest managers can take away from this whole-forest-value approach.“What makes this project different is that we didn’t treat conservation as an add-on—we embedded it directly into how the asset operates, which allowed us to attract concessional capital and approach forest management in a fundamentally different way.”00:12 – Introduction to Forest Invest  00:34 – Greg Meade’s favorite tree: sourwood  01:32 – Greg Meade’s background in forestry  03:07 – What NatureVest does  03:30 – Overview of the Cumberland Forest Project  04:38 – Fund assets and geography  05:51 – Blended finance and concessional debt  09:49 – Who invested in the fund  11:54 – How the project differs from traditional TIMOs  13:27 – Exit strategy and protecting long-term impact  15:48 – Forest management and revenue streams  18:05 – Community fund and local economies  20:41 – Mineral royalties and reclaimed coal revenue  23:35 – Revenue diversification across the portfolio  26:21 – Investor concerns about geographic concentration  27:40 – Local staff and operational setup  29:54 – Impact outcomes achieved so far  33:37 – Financial performance  34:06 – Lessons learned  38:32 – Advice for replicating the model  40:40 – What’s next for NatureVest  43:37 – Advice for new forest investors  44:52 – Closing remarks  Founding Director and Host: Shauna Matkovich - The ForestLinkProducer and Editor: Magdalena Laas - Unscripted CreativesNature by MaxKoMusic/SoundcloudSopwell Woodlands and Scohaboy Bog SAC, Cloughjordan, Co Tipperary, IRELAND by wild_rumpus/SoundcloudAmbient Documentary by Sound Guru (Pixabay)

The ForestLink newsletter sign-upSpar Tree GroupToday, I’m joined by David Elstone, managing director of Spar Tree Group and author of View from the Stump. In this conversation, David unpacks the current state of the British Columbia forest sector and explains why this globally important wood basket is facing such intense pressure. We discuss the long decline in timber harvest and lumber production, the legacy of the mountain pine beetle, mill closures, log exports, and the structural differences between BC’s coast and interior. David also shares his perspective on old growth deferrals, First Nations reconciliation, wildfire risk, forest policy, and why a clearer regional economic strategy is needed to make BC forestry more competitive and investable.“British Columbia is one of the biggest single-jurisdiction forest management units in the world, with about 95% of the land base publicly owned and managed under one provincial system.”0:10 Welcome to Forest Invest with Shauna Matkovich0:53 David Elstone on his background and Spar Tree Group3:08 The current state of the forest sector in British Columbia4:42 Why BC matters in global wood markets10:23 Log exports, mill closures, and domestic demand19:45 Internal versus external pressures on BC forestry25:28 Key actors and the biggest challenges facing the sector28:48 Policy changes and old-growth deferrals34:15 Conservation, wildfire, and active forest management38:17 Private timberland, AAC, and structural change in BC42:13 Where private investors may still find opportunity47:07 What would make BC forestry more investable and competitive50:32 Why there is no single fix for the sector51:39 David Elstone’s advice for new forest investors52:53 Where to learn more about Spar Tree Group53:37 Closing remarks with Shauna MatkovichFounding Director and Host: Shauna Matkovich - The ForestLinkProducer and Editor: Magdalena Laas - Unscripted CreativesNature by MaxKoMusic/SoundcloudSopwell Woodlands and Scohaboy Bog SAC, Cloughjordan, Co Tipperary, IRELAND by wild_rumpus/SoundcloudAmbient Documentary by Sound Guru (Pixabay)

The ForestLink newsletter signupBiodiversity Credit AllianceKratom treeToday, I’m joined by Manesh Lacoul, Global Coordinator of the Biodiversity Credit Alliance. In this conversation, Manesh explains how biodiversity credit markets are taking shape and why credibility must be built in from the start. We discuss the key lessons emerging from carbon markets, including the need to prioritize integrity, inclusion, equity, and innovation rather than treating them as afterthoughts. Manesh shares how the Biodiversity Credit Alliance is bringing together stakeholders across the market to develop principles, assessment tools, and comparability frameworks that can support high-integrity growth. We also talk about buyer integrity, the different use cases for biodiversity credits, the growing role of governments, and what investors and project developers should be paying attention to as this market evolves.“In carbon markets, integrity came more as an afterthought. For biodiversity, integrity must go hand in hand with market development.”0:09 Welcome to Forest Invest with Shauna Matkovich1:14 Manesh Lacoul on his role at the Biodiversity Credit Alliance3:30 The key actors shaping biodiversity credit markets5:58 What success looks like: integrity, inclusion, equity, and innovation7:17 Lessons biodiversity markets should learn from carbon markets12:44 Inclusion and equity across different local contexts15:37 Market readiness on the buy and sell side19:00 Why buyer integrity matters as much as supplier integrity24:47 How current biodiversity credit buyers are approaching the market26:52 Where biodiversity credit activity is emerging globally28:58 The EU roadmap for nature credits31:14 Biodiversity stacked on carbon credits32:31 Biodiversity credits versus payment for ecosystem services35:04 How new buyers, investors, and developers can get started37:58 Why there are so many methodologies and whether consolidation will happen41:01 High-level principles, assessment tools, and comparability frameworks44:10 Why growing government involvement is encouraging46:02 Advice for forest investors and the role of biodiversity credits in production forests48:21 Where to find Biodiversity Credit Alliance resources48:36 Closing remarks with Shauna MatkovichFounding Director and Host: Shauna Matkovich - The ForestLinkProducer and Editor: Magdalena Laas - Unscripted CreativesNature by MaxKoMusic/SoundcloudSopwell Woodlands and Scohaboy Bog SAC, Cloughjordan, Co Tipperary, IRELAND by wild_rumpus/SoundcloudAmbient Documentary by Sound Guru (Pixabay)

The ForestLink newsletter signupKi ReforestationKi Reforestation (Instagram)This episode is brought to you by Ki Reforestation, a Canadian reforestation technology company restoring difficult landscapes using drone seeding, with a seed-agnostic approach and an Indigenous-aligned ecological restoration model. Today, I’m joined by Trevor Grant, Founder & CEO of Ki, to unpack Canada’s growing reforestation deficit and why new tools are needed to rebuild forests after increasingly severe wildfires — especially in steep, remote terrain where traditional crews face safety and access constraints. We dig into Ki’s system, from heavy-lift autonomous drones and real-time environmental sensing to AI-informed seeding prescriptions and the “magic sauce” behind the work: pharmaceutical-grade seed encapsulation designed to improve soil contact and reduce predation and withstand environmental factors. Trevor also shares where drone seeding is (and isn’t) a fit, early field learnings since 2022, how costs can compare to manual planting, and what Ki is building next through a proposed five-year R&D program with academic, government, industry, and Indigenous partners. Learn more and join Ki on its mission through visiting Ki's website.“We’re able to tailor density down to the number of seeds dispersed per square meter and adjust prescriptions in real time based on slope, soil, vegetation, and microsite conditions observed during flight.”0:10 Introduction to Forest Invest0:20 Sponsor spotlight: Ki Reforestation1:01 Meet Trevor Grant, Founder and CEO of Ki Reforestation1:12 Trevor’s favourite tree and why it stands out 2:21 The origin story behind Ki Reforestation 3:32 Canada’s wildfire crisis and the reforestation deficit 4:36 Restoring forests after wildfire: timing, access, and safety 5:27 How Ki’s drone seeding technology works 7:20 Heavy-lift drones, species mixes, and microsite planting 10:00 Seed encapsulation: the core innovation behind the model 12:53 Can drone seeding compete with manual tree planting? 17:08 Ki’s use cases: harvesting, wildfire recovery, and mine-site rehabilitation 19:44 Where aerial direct seeding is not the right fit 20:56 What Ki knows so far, and what still needs to be proven 22:11 Field trials, early results, and lessons learned since 2022 24:03 Indigenous partnerships and holistic restoration approaches 25:18 Customers, collaborators, and the 5-year research programme 28:39 What governments should ask before choosing an aerial reforestation company 31:08 Addressing scepticism and proving where the technology works 33:00 Seed sourcing, supply bottlenecks, and planning timelines 37:09 Government interest, funding gaps, and public-sector support 38:55 Carbon markets, additionality, and who should benefit 41:19 Why Ki is taking a slower, research-first approach 42:18 What excites Trevor most about Ki’s current stage 43:33 The future of Ki beyond Canada 45:33 Where to learn more and get involvedFounding Director and Host: Shauna Matkovich - The ForestLinkProducer and Editor: Magdalena Laas - Unscripted CreativesNature by MaxKoMusic/SoundcloudSopwell Woodlands and Scohaboy Bog SAC, Cloughjordan, Co Tipperary, IRELAND by wild_rumpus/SoundcloudAmbient Documentary by Sound Guru (Pixabay)

The ForestLink newsletter signupBettina von HagenCandice TaylorGwen BusbyKatrina AmaralKirstie WhiteMary IgnatiadisRita HiteIn this special International Women’s Day episode, I bring together seven remarkable women working across the forestry sector—from investment and forest economics to sustainability, supply chains, and policy. In no particular order, Bettina von Hagen, Candice Taylor, Gwen Busby, Katrina Amaral, Kirstie White, Mary Ignatiadis, and Rita Hite share the pivotal moments, mentors, and decisions that shaped their leadership journeys. Through personal stories and candid reflections, the conversation explores themes of curiosity, resilience, and the power of mentorship in building a career in forestry. The guests also discuss the realities of working in a sector where women remain underrepresented, sharing experiences that range from subtle bias to moments of opportunity and influence. Together, these voices highlight how diverse perspectives are helping reshape forestry—from community-centered supply chains and natural capital investing to sustainable forest management and climate solutions—and why supporting the next generation of female leaders is essential for the future of the sector.00:00 Introduction – Women Leaders in Forestry00:23 Podcast Welcome & International Women’s Day Special01:56 Women in Forestry – Representation and Industry Statistics04:37 Introducing the Leadership Stories05:01 Bettina von Hagen – Finding Your “True North” in Leadership07:16 Candice Taylor – Continuous Learning and Career Reinvention09:35 Gwen Busby – Economics, Nature, and Timberland Investment Strategy12:05 Katrina Amaral – Community Forestry and Small-Scale Supply Chains14:30 Kirstie White – Stewardship, Sustainability, and Leadership17:13 Mary Ignatius – Forest Economics, Carbon Markets, and Collaboration19:41 Rita Hite – A Leadership Journey to CEO21:51 Gender Experiences in Forestry – Stories from the Field24:08 Candice Taylor – Proving Expertise and Creating Space25:32 Gwen Busby – Navigating Finance and Forestry as a Minority28:06 Katrina Amaral – Logging, Perception, and Gender Bias29:34 Kirstie White – Changing Representation in Forestry31:25 Mary Ignatius – Confronting Gender Bias in Organizations32:39 Rita Hite – Leadership Confidence and Authenticity34:29 Closing Reflections – Celebrating Women in Forestry34:37 Outro – Forest InvestFounding Director and Host: Shauna Matkovich - The ForestLinkProducer and Editor: Magdalena Laas - Unscripted CreativesNature by MaxKoMusic/SoundcloudSopwell Woodlands and Scohaboy Bog SAC, Cloughjordan, Co Tipperary, IRELAND by wild_rumpus/SoundcloudAmbient Documentary by Sound Guru (Pixabay)

The ForestLink newsletter signupAsger Stragne Olesen (LinkedIn)IWC AM+International Woodland Company (IWC) on LinkedInToday, I’m joined (for the second time) by Asger Strange Olesen, Global Head of Climate and Biodiversity at IWC AM+, and an independent expert deeply embedded in Europe’s forest policy arena. In this conversation, Asger explains why the EU has historically kept forestry out of the EU ETS, why voluntary forest carbon activity in Europe has remained limited, and what’s changing as the Carbon Removal Certification Framework (CRCF) builds the market infrastructure for EU carbon removals. We unpack the EU’s “declining sink” problem, the complexity of forest ownership across member states, and why Mario Draghi’s competitiveness agenda is pushing Europe toward leaner regulation—and clearer signals for investment. Finally, we explore what the CRCF is designed to enable (and what it still doesn’t solve), how it compares to existing standards, and why country-by-country implementation will determine where EU forest carbon markets—and forest investment—move first."The mechanics and infrastructure are being made available. The CRCF gives you the toolbox. But whether that toolbox gets used depends on each individual country. If governments allow the framework to play and recognize downstream corporate demand for removals, then private capital will step in. If they continue to rely primarily on state-driven support schemes, investment will remain limited. So it’s not the EU framework alone—it’s national implementation that will determine where real forest investment opportunities emerge.”00:09 — Welcome to Forest Invest00:11 — Host intro: Shauna Matkovich (The Forest Link)00:19 — Guest intro: Asgar Strange Olesen (IWCAM Plus)00:40 — Favourite tree: European beech01:29 — Asgar’s EU policy roles (CRCF, EU Taxonomy review, FSC, SBTi)05:27 — Why EU forest policy is complex (no direct EU forest mandate)08:21 — EU forest diversity + ownership differences11:45 — Draghi, competitiveness & climate targets14:52 — The “declining sink” challenge20:41 — Why forestry is excluded from the EU ETS27:46 — The missing piece: lack of demand29:13 — What is the Carbon Removal Certification Framework (CRCF)?31:37 — How CRCF differs from existing standards37:37 — Built-in revision + piloting phase40:00 — Performance certificates vs tradable credits41:41 — GHG Protocol uncertainty & EU reporting shift44:45 — Investment outlook: country-by-country reality47:58 — Actionable advice for investors49:37 — Closing remarksFounding Director and Host: Shauna Matkovich - The ForestLinkProducer and Editor: Magdalena Laas - Unscripted CreativesNature by MaxKoMusic/SoundcloudSopwell Woodlands and Scohaboy Bog SAC, Cloughjordan, Co Tipperary, IRELAND by wild_rumpus/SoundcloudAmbient Documentary by Sound Guru (Pixabay)