In this episode of Frontier Conversations, hosts Richard Kelly and Robert Guest, Co-Leads of Foresight Natural Capital, explore how investing in nature is moving into the mainstream. Richard and Rob discuss the policy and market developments shaping the space - from EU deforestation regulation and emissions trading schemes to England's Biodiversity Net Gain legislation - and explain how these frameworks are fundamentally changing land use economics. The episode also looks at natural capital investing in practice, including afforestation, sustainable forestry, carbon credits and biodiversity outcomes, alongside the critical role of community engagement in delivering projects at scale. Richard and Rob explain why pension funds, family offices and other institutional investors are beginning to allocate capital to natural capital - and how these strategies can deliver competitive returns while supporting climate resilience, biodiversity recovery and rural economies. This conversation offers a practical perspective on the intersection of finance, land and policy - and why investing in nature is moving from the margins to the mainstream. Find out more about our natural capital strategy here: https://foresight.group/strategies-funds/private-markets/natural-capital/ +++ Important Information This podcast is issued by Foresight Group LLP ("Foresight") on 16.02.2026. Foresight is authorised and regulated by the Financial Conduct Authority (FRN 198020). Foresight's registered office is at The Shard, 32 London Bridge Street, London, SE1 9SG. This podcast has not been approved as a financial promotion for the purpose of Section 21 of the Financial Services and Markets Act 2000 ("FSMA"). This podcast is not to be reproduced, distributed or otherwise use this video or any of its contents without the prior written consent of Foresight. This podcast is for information and discussion purposes only and may not be used for the purpose of, and does not constitute an offer to sell, or the solicitation of an offer to acquire any securities. Viewers should not construe the contents of this podcast as financial, legal, accounting, tax or investment advice. If you are in any doubt about the content of this podcast and/or what action you should take, you should seek advice from an independent financial adviser authorised under the Financial Services and Markets Act 2000. This podcast contains information of a preliminary nature that is based on unverified and unaudited information. The information and opinions contained in this podcast are for background purposes only and do not purport to be full or complete. No reliance may be placed for any purpose on the information or opinions present in this podcast for their accuracy and completeness. The value of investments and any income from them may go down as well as up, and past performance is not a reliable indicator of future performance and is not guaranteed. Capital at risk. This podcast contains certain forward-looking statements. In some cases forward-looking statements can be identified by the user of terms such as "believes". "estimates", "anticipates", "projects", "expects", "intends", "may", "will", "seeks" or "should" or variations thereof, or by discussions of strategy plans, objectives, goals, future events or intentions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual outcomes and results may differ materially from any outcomes or results expressed or implied by such forward-looking statements. All information contained in this podcast is subject to updates, revision and amendments (although there shall be no obligation to do so).