Kiwibank purchases biodiversity credits from Sanctuary Mountain Maungatautari
1 report, 1 independent
Updated Oct 8
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What happened
Kiwibank purchased Biodiversity Credits from Sanctuary Mountain Maungatautari, which is described as the world’s largest pest-fenced eco-sanctuary. The credits were generated through Sanctuary Mountain Maungatautari in partnership with environmental markets specialist Ekos. This purchase marks Kiwibank as one of New Zealand’s early adopters of Biodiversity Credits.
From scoop.co.nz
Why it matters
The investment supports conservation outcomes at the sanctuary, which protects 3,363 hectares of native forest. The action reflects a growing recognition that climate action and nature restoration must go hand-in-hand.
From scoop.co.nz
Who's involved
- KiwibankPurchased the Biodiversity Credits from the sanctuary.
- CrownThe Crown, which owns Kiwibank as a vital state asset.
- governmentThe government, which has formally instructed Kiwibank regarding its market function.