Assessing the financial value of forest restoration projects

Neftaly is a Global Solutions Provider working with Individuals, Governments, Corporate Businesses, Municipalities, International Institutions. Neftaly works across various Industries, Sectors providing wide range of solutions.

Email: info@saypro.online Call/WhatsApp: Use Chat Button ????

Written by

Mapaseka Matabane

Neftaly Arts Insight

Sustainable Livelihood Approaches in Forest-Based Communities

Introduction

Forest-based communities rely heavily on forest resources for their daily needs, including food, fuel, fodder, medicine, and income. However, increasing environmental pressures, deforestation, climate change, and insecure land tenure threaten these communities’ traditional ways of life. A Sustainable Livelihood Approach (SLA) offers a holistic framework to improve their well-being while ensuring the long-term health of forest ecosystems.

What is a Sustainable Livelihood Approach (SLA)?

The SLA is a people-centered framework that seeks to reduce poverty by building on the strengths (assets) of local communities. It focuses on enhancing resilience, reducing vulnerability, and promoting sustainability across economic, social, environmental, and institutional dimensions.

Core Components of SLA:

Livelihood Assets (Capital):
- Natural capital – forest resources (timber, NTFPs, water, biodiversity)
- Human capital – skills, knowledge, health
- Social capital – community networks, cooperatives
- Physical capital – infrastructure, tools, technology
- Financial capital – income, savings, credit
Vulnerability Context:
- Natural disasters, market shocks, policy changes, climate change
Transforming Structures and Processes:
- Governance, institutions, policies, land rights
Livelihood Strategies:
- Diversified income sources: agroforestry, ecotourism, crafts, sustainable harvesting
Livelihood Outcomes:
- Increased income
- Improved food security
- Sustainable resource use
- Empowerment and reduced vulnerability

Challenges in Forest-Based Livelihoods

Deforestation and Degradation: Unsustainable harvesting, logging, land conversion.
Land Tenure Insecurity: Lack of formal rights undermines stewardship.
Market Access: Remoteness limits opportunities to sell forest products.
Policy Gaps: Poor alignment between conservation and development goals.
Climate Vulnerability: Droughts, floods, and changing ecosystems impact yields.

Sustainable Livelihood Strategies for Forest Communities

1. Community-Based Forest Management (CBFM)

Empowers communities to manage forest areas.
Encourages conservation through local governance.

2. Non-Timber Forest Products (NTFPs)

Sustainable harvesting of honey, mushrooms, medicinal plants, bamboo, resins.
Value addition (e.g., drying, packaging) increases incomes.

3. Agroforestry

Integrates trees with crops and livestock for improved soil and biodiversity.
Reduces reliance on forest extraction.

4. Ecotourism and Cultural Tourism

Promotes alternative income while preserving traditional knowledge and landscapes.

5. Forest-Based Enterprises and Cooperatives

Supports small-scale, sustainable businesses such as furniture making or herbal products.
Strengthens collective bargaining and local economies.

Case Example: The Van Gujjars of India

The Van Gujjars, a nomadic forest-dwelling tribe in northern India, have traditionally depended on forest pastures and dairy production. Through community forest rights and support for sustainable dairy cooperatives, they are now engaging in value-added milk production and forest conservation—showing how secure tenure and targeted support can enhance both livelihoods and sustainability.

Key Success Factors for Sustainable Forest Livelihoods

Participatory planning and local ownership
Secure land and resource tenure
Capacity building and education
Gender equity and inclusion
Access to credit, markets, and technology
Integrated policy support and cross-sector collaboration

Conclusion

A Sustainable Livelihood Approach recognizes the complex interdependence between people and forests. By investing in local capacity, securing rights, diversifying income sources, and aligning development with conservation, forest-based communities can thrive—while acting as stewards of one of the world’s most vital ecosystems.

Would you like a visual version (e.g., infographic or PowerPoint slides), or a localized example for a specific region or country?

You said:

Make content for Ecotourism Certification Programs for Community Forest Enterprises

ChatGPT said:

Here’s a detailed content draft for “Ecotourism Certification Programs for Community Forest Enterprises”—ideal for use in reports, presentations, policy briefs, or training materials:

Ecotourism Certification Programs for Community Forest Enterprises

Introduction

Ecotourism is a growing, nature-based travel trend that supports conservation, local livelihoods, and cultural heritage. For community forest enterprises (CFEs)—local groups or cooperatives managing forests sustainably—ecotourism offers a vital opportunity to diversify income while promoting forest conservation. However, without proper standards, ecotourism can become exploitative or environmentally damaging. This is where ecotourism certification programs come in.

What is Ecotourism Certification?

Ecotourism certification is a formal process that assesses whether a tourism venture meets defined sustainability standards. These standards often cover:

Environmental responsibility
Cultural sensitivity
Fair economic returns to communities
Responsible visitor behavior
Transparent and participatory governance

Certification helps community forest enterprises gain credibility, access premium markets, and maintain environmental and cultural integrity.

Why Certification Matters for CFEs

Credibility & Trust: Certified enterprises are more attractive to eco-conscious travelers and ethical tour operators.
Market Access: Certification opens doors to international tourism markets and green travel platforms.
Environmental Stewardship: Encourages responsible use of forest resources and biodiversity protection.
Community Empowerment: Promotes inclusive governance, skill-building, and local control over tourism development.
Risk Reduction: Helps manage impacts from overtourism, waste, and cultural erosion.

Key Ecotourism Certification Programs

1. Global Sustainable Tourism Council (GSTC) Certification

Sets global baseline criteria for sustainable tourism.
Recognized worldwide; adaptable for community-scale operations.

2. Rainforest Alliance Certification (Tourism)

Focus on environmental conservation, community well-being, and business sustainability.
Works well in forested regions and Latin America.

3. Fair Trade Tourism

Emphasizes fair wages, community benefit, and ethical marketing.
Popular in Africa; compatible with small-scale, community-owned ventures.

4. Green Globe Certification

Covers environmental, social, cultural, and economic sustainability.
Suitable for eco-lodges, tour operators, and community-managed parks.

5. National or Regional Labels

Example: Nepal’s “Village Tourism Program”, Costa Rica’s “CST” (Certification for Sustainable Tourism).
Tailored to local environmental and cultural contexts.

Steps for CFEs to Get Certified

Assessment of Readiness
- Internal review of environmental, social, and business practices.
- Identify gaps and training needs.
Capacity Building
- Training in customer service, waste management, biodiversity conservation, guiding, and financial management.
Develop or Improve Ecotourism Offerings
- Eco-lodges, guided forest walks, cultural demonstrations, wildlife watching.
Apply to a Certification Body
- Choose a scheme aligned with CFE goals and budget.
- Complete required documentation and audits.
Continuous Improvement
- Maintain standards and update practices based on feedback and re-certification.

Challenges in Certification

Cost: Some certification programs are expensive and may require technical support.
Complexity: Language barriers, documentation requirements, and digital tools may pose difficulties for remote communities.
Marketing: Certified status doesn’t automatically bring tourists—it must be paired with effective marketing.

Case Example: Community Ecotourism in the Maya Biosphere Reserve (Guatemala)

Community forest concessions in Guatemala have developed ecotourism operations offering jungle treks, wildlife tours, and cultural exchanges. With support from NGOs and certification through programs like Rainforest Alliance, these CFEs have:

Reduced illegal logging
Created jobs for women and youth
Improved forest health through regulated tourism
Strengthened their voice in forest governance

Policy Recommendations to Support Certification

Subsidize certification costs for small community enterprises.
Integrate certification into national tourism strategies.
Promote domestic certification schemes tailored to indigenous and forest communities.
Provide technical training and marketing support.
Encourage partnerships between CFEs, NGOs, and ethical tour operators.

Conclusion

Ecotourism certification helps community forest enterprises scale up responsibly, gain recognition, and build long-term sustainability. With the right support, these programs can turn local communities into global leaders in conservation-friendly tourism—protecting forests while uplifting lives.

Would you like this content in a slide format or need a version tailored to a specific country or language?

You said:

Make content for The Role of Ecotourism in Building Resilience in Forest-Based Communities

ChatGPT said:

Here is a well-structured content draft on “The Role of Ecotourism in Building Resilience in Forest-Based Communities”—suitable for use in a report, article, policy brief, presentation, or training material:

The Role of Ecotourism in Building Resilience in Forest-Based Communities

Introduction

Forest-based communities—many of whom are Indigenous peoples and traditional land stewards—are increasingly vulnerable to economic shocks, climate change, deforestation, and loss of cultural identity. Ecotourism, when designed and managed responsibly, can be a powerful tool to enhance these communities’ resilience—both socially and environmentally—while supporting biodiversity conservation.

Understanding Resilience in Forest-Based Communities

Resilience refers to a community’s capacity to absorb disturbances, adapt to change, and maintain or improve well-being in the face of external stresses such as:

Climate variability (e.g. droughts, floods)
Economic shocks (e.g. market price crashes for forest products)
Environmental degradation (e.g. deforestation, biodiversity loss)
Social disruptions (e.g. land displacement, cultural erosion)

Building resilience involves strengthening livelihood diversity, social cohesion, environmental stewardship, and access to services and markets.

What is Ecotourism?

Ecotourism is a form of sustainable travel to natural areas that:

Conserves the environment
Respects local culture and traditions
Provides tangible economic and social benefits to local communities

Unlike mass tourism, ecotourism emphasizes low-impact, high-value experiences that engage visitors with conservation and community development.

How Ecotourism Builds Resilience

1. Economic Diversification

Reduces overreliance on extractive activities (e.g. logging, hunting)
Creates new income streams: guiding, homestays, craft sales, cultural performances
Generates local employment, especially for women and youth

2. Environmental Stewardship

Encourages sustainable forest management through local incentives
Provides funding for conservation through park entry fees or tourist donations
Supports habitat protection, wildlife monitoring, and restoration efforts

3. Cultural Preservation

Revives and strengthens traditional knowledge, crafts, language, and practices
Increases community pride and intergenerational learning
Builds external awareness and appreciation of Indigenous identities

4. Social Empowerment and Governance

Supports participatory decision-making and local control over resources
Builds organizational capacity (e.g. cooperatives, community tourism boards)
Encourages gender-inclusive leadership and youth involvement

5. Infrastructure and Service Access

Improves access to roads, clean water, renewable energy, and internet
Encourages investment in education, healthcare, and sanitation services

Real-World Examples

???? Tmatboey Ecotourism Project (Cambodia)

A community birding project led by Indigenous Kuy people protects endangered birds while providing income through guided tours and eco-lodging—generating funds for conservation and village development.

???? Chalalán Ecolodge (Bolivia)

Run by the Indigenous people of San José de Uchupiamonas in Madidi National Park, this award-winning ecolodge has created jobs, protected forests, and empowered local decision-making for over two decades.

Challenges and Considerations

Overdependence on tourism can expose communities to economic shocks (e.g. pandemics).
Inadequate planning may lead to cultural commodification or environmental damage.
Unequal benefit sharing can lead to internal conflict or elite capture.
Need for long-term investment in capacity building, marketing, and governance.

Best Practices for Resilient Ecotourism

Ensure community ownership and participation in decision-making
Promote equitable benefit sharing among all social groups
Align tourism development with local conservation goals
Provide training in hospitality, language, guiding, and conservation
Develop backup income strategies (e.g. agriculture, NTFPs) to reduce risk
Build strong partnerships with NGOs, governments, and ethical tour operators

Conclusion

Ecotourism, when developed inclusively and sustainably, can serve as a resilience-building pathway for forest-based communities. It not only supports livelihoods and safeguards ecosystems but also empowers local people to shape their own futures in the face of ecological and economic uncertainty.

Would you like to adapt this for a specific country, project proposal, or target audience like donors or policymakers?

You said:

Make content for Forest financing and the economic implications of ecosystem service markets

ChatGPT said:

Here is a comprehensive and clear content draft on “Forest Financing and the Economic Implications of Ecosystem Service Markets”—designed for use in reports, policy briefs, presentations, or educational materials:

Forest Financing and the Economic Implications of Ecosystem Service Markets

Introduction

Forests are vital natural assets that provide essential ecosystem services—including carbon sequestration, water filtration, biodiversity preservation, soil protection, and cultural value. Despite their immense importance, forests are grossly underfunded. Traditional sources of forest finance—such as government budgets, donor aid, or timber revenues—are often insufficient to meet growing conservation and restoration needs.

To bridge this gap, ecosystem service markets offer innovative financial mechanisms that assign economic value to the services forests provide, creating incentives for sustainable management and conservation.

What is Forest Financing?

Forest financing refers to the mobilization of public, private, and blended financial resources to:

Sustainably manage forests
Protect biodiversity
Restore degraded ecosystems
Support forest-based livelihoods
Mitigate climate change impacts

Main Sources of Forest Finance:

Public finance: government subsidies, grants, and tax incentives
International donors: climate funds (e.g., Green Climate Fund), development banks
Private investment: impact investors, green bonds, corporate ESG initiatives
Market-based mechanisms: carbon markets, biodiversity credits, water funds

What Are Ecosystem Service Markets?

Ecosystem service markets are systems where ecological benefits are monetized and traded, creating economic value for the protection or enhancement of environmental services.

Key Types of Ecosystem Service Markets:

Carbon Markets
- Voluntary or compliance-based markets that allow the trade of carbon credits generated by forest protection or restoration (e.g., REDD+ projects).
- Example: A company pays a forest community to preserve trees that absorb CO₂, offsetting their emissions.
Water Funds and Watershed Payment Schemes
- Downstream water users (e.g., utilities, industries) pay upstream land stewards to manage forests and prevent erosion or pollution.
- Example: Latin America’s water funds in cities like Quito and Bogotá.
Biodiversity Offsets and Credits
- Developers compensate for habitat loss by investing in conservation areas elsewhere.
- Regulated in some countries; voluntary in others.
Soil and Pollination Services
- Payments or investments in sustainable land use to preserve soil fertility or enhance crop pollination (often linked to agroforestry systems).

Economic Implications of Ecosystem Service Markets

Positive Impacts:

1. New Revenue Streams for Forest Communities

Ecosystem services can diversify incomes beyond timber or non-timber forest products.
Empowers Indigenous peoples and local communities (IPLCs) through benefit-sharing and long-term forest rights.

2. Private Sector Engagement in Conservation

ESG and climate commitments are pushing companies to invest in nature-based solutions (NbS).
Attracts impact investors and green finance instruments (e.g., forest bonds).

3. Valuation of Natural Capital

Brings forests into economic decision-making by quantifying their true value.
Encourages integration of ecosystem services into national accounts and land-use planning.

4. Catalyst for Innovation

Supports technology platforms for MRV (Monitoring, Reporting, and Verification).
Boosts community engagement in carbon monitoring and biodiversity tracking.

Risks and Challenges:

1. Equity and Access

Communities may lack capacity to participate in complex markets.
Risk of elite capture, land grabbing, or exclusion of marginalized groups.

2. Market Volatility and Dependency

Overreliance on ecosystem markets can lead to financial instability if prices collapse or buyers withdraw.

3. Measurement and Verification Issues

Challenges in accurately assessing and attributing ecosystem services.
Risk of greenwashing if standards are weak or monitoring is poor.

4. Legal and Regulatory Gaps

Many countries lack frameworks for PES (Payment for Ecosystem Services) or carbon rights.
Land tenure insecurity can undermine community participation.

Policy Recommendations

Secure land and resource rights for IPLCs to enable their full participation in ecosystem markets.
Build local capacity in governance, finance, and technical monitoring.
Establish clear legal frameworks for carbon, water, and biodiversity credit markets.
Promote blended finance models that combine public and private funding.
Support inclusive benefit-sharing mechanisms to ensure equity and social justice.
Integrate natural capital accounting into national planning and development strategies.

Conclusion

Ecosystem service markets represent a promising frontier in forest financing—unlocking the economic value of forests not as commodities to exploit, but as ecosystems to protect. When carefully designed and equitably managed, these markets can mobilize large-scale investment, strengthen forest governance, and improve community resilience while addressing urgent environmental challenges such as climate change and biodiversity loss.

Would you like an infographic, policy brief version, or localized case studies to go with this content?

You said:

Make content for Economic valuation of forests in relation to biodiversity conservation funding

ChatGPT said:

Here is a detailed and professional content draft on the Economic Valuation of Forests in Relation to Biodiversity Conservation Funding. This can be used in policy briefs, presentations, academic work, donor proposals, or public communication materials:

Economic Valuation of Forests in Relation to Biodiversity Conservation Funding

Introduction

Forests are among the most biologically diverse ecosystems on Earth. They harbor over 80% of terrestrial species, support the livelihoods of more than 1.6 billion people, and regulate global climate systems. However, forest ecosystems are under severe threat from deforestation, habitat fragmentation, and climate change. Despite their ecological and societal value, forests are consistently undervalued in economic decision-making, resulting in underinvestment in biodiversity conservation.

Economic valuation of forests is essential to bridge the gap between ecological importance and financial commitment. By assigning monetary value to forest biodiversity and the services it provides, governments, donors, and investors can make better-informed decisions and allocate funding more effectively.

Why Economic Valuation Matters for Biodiversity Conservation

Informs Policy and Investment
- Highlights the true value of forests in cost-benefit analyses.
- Makes the economic case for conservation over land conversion.
Attracts Funding
- Enables access to green finance, climate funds, and ecosystem service payments.
- Supports pricing and monetization of biodiversity-related services.
Supports Natural Capital Accounting
- Helps integrate biodiversity into national income accounts and planning tools.
- Encourages long-term sustainability in budgeting and land-use policies.
Encourages Sustainable Business Practices
- Provides justification for private sector investment in biodiversity through ESG commitments.

Valuing Forests: Types of Ecosystem Services

Forests provide four categories of ecosystem services that can be economically valued:

1. Provisioning Services

Timber, fuelwood, medicinal plants, food, and fresh water.
Market prices and harvest volumes can be used to estimate value.

2. Regulating Services

Climate regulation via carbon sequestration.
Water purification, erosion control, pollination.
Valued using carbon pricing, avoided cost, or replacement cost methods.

3. Cultural Services

Recreation, spiritual value, Indigenous knowledge, tourism.
Valued using travel cost methods or willingness-to-pay surveys.

4. Supporting Services

Nutrient cycling, soil formation, habitat provision.
Often indirectly valued due to their foundational role in sustaining life.

Methods of Economic Valuation

Method	Description	Application
Market Price Method	Uses market data to estimate value of goods	Timber, NTFPs
Avoided Cost Method	Calculates cost of replacing ecosystem services	Flood protection, erosion control
Contingent Valuation	Surveys public willingness to pay for conservation	Cultural and existence values
Travel Cost Method	Assesses value based on tourism-related expenditures	Ecotourism in forest areas
Benefit Transfer	Applies valuation data from one site to another similar area	Policy scaling, preliminary assessments
Carbon Valuation	Estimates value of carbon storage and sequestration in monetary terms	REDD+, carbon credits

Economic Evidence to Support Biodiversity Funding

The Dasgupta Review (UK, 2021) estimated that natural capital contributes more than twice the global GDP in ecosystem services, yet remains excluded from most economic models.
The TEEB (The Economics of Ecosystems and Biodiversity) initiative has shown that conserving ecosystems often yields higher long-term economic returns than converting land to agriculture or development.
In tropical forests, studies show that biodiversity-based ecotourism can provide more consistent and equitable income than logging or monoculture plantations.

Challenges in Valuing Biodiversity

Non-market values (e.g., spiritual, cultural) are hard to quantify.
Data gaps and methodological limitations can lead to undervaluation.
Risk of commodification of nature without community consent or equity safeguards.
Lack of institutional capacity to translate values into budgets or legislation.

Integrating Valuation into Biodiversity Conservation Funding

Policy Instruments
- Incorporate natural capital valuation into national planning, EIA, and SEA.
- Develop biodiversity-inclusive public expenditure reviews.
Financial Mechanisms
- Leverage Payments for Ecosystem Services (PES) and biodiversity offset schemes.
- Use valuation to justify budget allocations and donor proposals.
Private Sector Engagement
- Promote nature-based disclosures and risk assessment (e.g., TNFD).
- Encourage green investments and biodiversity credits.
Community-Led Conservation
- Ensure local communities receive economic benefits from biodiversity-rich forests.
- Respect customary values and non-market contributions to ecosystem stewardship.

Conclusion

Economic valuation of forests is not just a technical exercise—it’s a strategic tool to unlock funding, influence policy, and prioritize biodiversity conservation in development decisions. By recognizing the full economic value of forest ecosystems, especially in terms of biodiversity, we can catalyze more equitable, sustainable, and well-funded conservation outcomes.

Would you like this content adapted into a slide deck, executive summary, infographic, or tailored for a specific region (e.g., Congo Basin, Amazon, Southeast Asia)?

You said:

Make content for Assessing the financial value of forest restoration projects

ChatGPT said:

Here is a detailed and structured content draft on “Assessing the Financial Value of Forest Restoration Projects”. This is suitable for reports, grant proposals, presentations, or policy briefs aimed at governments, donors, investors, and conservation practitioners.

Assessing the Financial Value of Forest Restoration Projects

Introduction

Forest restoration is a critical nature-based solution to address climate change, biodiversity loss, and rural poverty. However, restoration efforts often struggle to attract sufficient funding because their financial value is not clearly understood or quantified. Accurately assessing the financial value of forest restoration projects helps unlock investments, justify public expenditures, and align restoration with economic development goals.

Why Assess Financial Value in Restoration?

Attract Investment
- Private investors, development banks, and climate funds seek projects with measurable returns.
Inform Public Policy and Budgeting
- Demonstrates cost-effectiveness compared to alternatives (e.g., gray infrastructure).
Ensure Long-Term Sustainability
- Financial viability reduces dependence on short-term grants.
Promote Local Livelihoods
- Quantifies economic benefits for communities, including job creation and market opportunities.

What is Considered ‘Financial Value’?

Financial value refers to the direct and indirect economic benefits generated by a restoration project, which may include:

Revenue generation: sale of timber, non-timber forest products (NTFPs), carbon credits, ecotourism
Cost savings: reduced flood damage, lower water treatment costs, improved agricultural productivity
Asset appreciation: increase in land value or natural capital
Employment and income creation: short-term jobs and long-term livelihoods from restoration

Key Financial Value Streams in Forest Restoration Projects

Value Stream	Examples
Timber and Agroforestry	Sustainable harvesting, shade-grown crops, fruit trees
Carbon Sequestration	Voluntary or compliance carbon markets (e.g., REDD+)
Watershed Services	Payments for Ecosystem Services (PES), avoided costs
Ecotourism and Recreation	Visitor fees, guides, hospitality services
Biodiversity Credits	Conservation banking, habitat offsets
Resilience Benefits	Reduced disaster risk, climate adaptation savings

Methods for Financial Valuation

1. Cost-Benefit Analysis (CBA)

Compares the total expected benefits of a restoration project against its costs.
Used to assess net present value (NPV), internal rate of return (IRR), and payback periods.

2. Return on Investment (ROI)

Measures profitability: (Total Benefits – Total Costs) ÷ Total Costs.
Useful for investors or funders to gauge efficiency.

3. Natural Capital Accounting

Integrates ecosystem restoration into national or regional balance sheets.
Captures long-term asset value of restored forests.

4. Ecosystem Services Valuation

Assigns market or proxy values to services like carbon storage, water filtration, or soil stabilization.

Case Study: The Atlantic Forest Restoration Pact (Brazil)

Over 1 million hectares restored by 2023.
Estimated to generate over $9 billion in benefits through carbon storage, water regulation, and NTFP sales.
Job creation: thousands of green jobs in nurseries, planting, and agroforestry enterprises.
Co-benefits: biodiversity corridors for threatened species like the golden lion tamarin.

Financial Tools to Support Restoration Valuation

REDD+ and carbon markets
Green bonds and blended finance models
Impact investment funds
Results-based payment schemes
Valuation software and platforms: InVEST, TEEB, ARIES, Costing Nature

Challenges in Valuing Restoration

Data limitations: site-specific data on growth rates, carbon storage, biodiversity value
Time lags: many financial benefits accrue over decades, not immediately
Market uncertainty: fluctuating carbon prices, limited biodiversity credit markets
Monetizing non-market benefits: cultural, spiritual, and intrinsic values

Recommendations for Effective Valuation

Start with baseline data and clear restoration goals.
- Define what success looks like (carbon, biodiversity, water, income, etc.)
Use a multi-value framework.
- Combine market and non-market valuation to capture full benefits.
Engage stakeholders in defining benefits.
- Include local communities, landowners, and businesses.
Adopt standardized tools and transparent methodologies.
- Align with international frameworks (e.g., UN Decade on Ecosystem Restoration).
Monitor and report financial and ecological outcomes.
- Use adaptive management to optimize returns over time.

Conclusion

Assessing the financial value of forest restoration is essential for mainstreaming ecological recovery into economic planning and investment. When properly valued, restoration is not just an environmental responsibility—it becomes a profitable and resilient development strategy that delivers for people, planet, and prosperity.