Intent:
At rePLANET, we recognize the vital role of local stakeholders as custodians of carbon and biodiversity. Our approach emphasizes fairness and sustainability, aiming to ensure that communities benefit from nature restoration and conservation projects without overshadowing their autonomy.
Key Policy Details:
- We commit that a minimum of 60% of the revenues received from credits sold by rePLANET will be paid to local stakeholders, who we define as owners, users and managers of the project area.
Rationale and Impact:
- Equitable Distribution: Our policy seeks to ensure a fair distribution of project benefits, acknowledging the invaluable contributions of local stakeholders while respecting their independence.
- Financial Support: By providing significant financial resources to local stakeholders such as communities, we help address socioeconomic drivers of environmental degradation, promoting sustainable development.
- Permanence and Participation: Fair compensation encourages community engagement and commitment to conservation and restoration efforts, enhancing the likelihood of project success and longevity.
Implementation:
- Local Spending: Project income is predominantly utilized locally, supporting essential activities like hiring local labour for ecosystem restoration tasks.
- Community Fund: A portion of allocated funds is directed to a community-managed fund, enabling stakeholders to address their priorities for long-term improvements.
Our promise:
rePLANET’s corporate objective is to provide quality nature-based solutions to parties interested in meaningful and measurable ecological improvement. Our benefit sharing policy is an essential part of its strategy as it reflects our commitment to inclusive and sustainable practices in the natural capital sector. By prioritizing the interests of local stakeholders, we aim to support communities in their conservation efforts while respecting their autonomy and agency.
