The Nature Conservancy

The Nature Conservancy and its conservation partner, Pronatura Peninsula Yucatán, to halt deforestation on private lands in and around the 1.8 million acre (7,300 km²) Calakmul Biosphere Reserve, along the Guatemala–Mexico border. They brokered the protection of 370,000 acres (1,500 km²) of tropical forest in Calakmul.[11] In another program, TNC is working to protect wildlife habitat in the Greater Yellowstone Ecosystem.

In 2007, the Nature Conservancy made a 161,000-acre (650 km²) purchase of New York forestland from Finch Paper Holdings LLC for $110 million, its largest purchase ever in that state.[12][13] In June 2008, The Nature Conservancy and The Trust for Public Land announced they reached an agreement to purchase approximately 320,000 acres (1,300 km²) of western Montana forestland from Plum Creek Timber Company for $510 million. The purchase, known as the Montana Legacy Project, is part of an effort to keep these forests in productive timber management and protect the area's clean water and abundant fish and wildlife habitat, while promoting continued public access to these lands for fishing, hiking, hunting and other recreational pursuits.[14][15][16] As a follow-on, in 2015 The Nature Conservancy made a $134 million transaction to purchase 165,073 acres – 257 square miles – of forests, rivers and wildlife habitat in the Cascade Mountain Range of Washington and in the Blackfoot River Valley in Montana. The Conservancy also acquired this land from Plum Creek, including 47,921 acres in the Yakima River Headwaters in Washington and 117,152 acres in the Lower Blackfoot River Watershed in Montana.[17][18]

Nature United is the Canadian affiliate of The Nature Conservancy. Nature United was founded as a Canadian charity in 2014, building on decades of conservation in Canada. Headquartered in Toronto, the organization has field staff located across the country. Nature United supports Indigenous leadership, sustainable economic development, and large-scale conservation, primarily in the Great Bear Rainforest, Clayoquot Sound, the Northwest Territories, and northern Manitoba.[19]

In December 2015, The Nature Conservancy announced the finalization of the first ever debt swap in Seychelles aimed at ocean conservation. The new protected area increases the country's marine protected waters from less than 1 percent to more than 30 percent including support for the creation of the second largest Marine Protected Area in the Western Indian Ocean.[20] The debt swap deal was made possible through a partnership with the Seychelles Ministry of Finance, support of debt-holding nations including France, and grants from private organizations led by the Leonardo DiCaprio Foundation.[21]

Financing for this effort was organized by The Nature Conservancy's impact investing unit called NatureVest.[22][23] NatureVest was created in 2014 with founding sponsorship from JPMorgan Chase with the stated goal of sourcing and putting to work at least $1 billion of impact investment capital for measurable conservation outcomes over three years.[24][25] For their work on the Seychelles debt restructuring, The Nature Conservancy and JPMorgan Chase were given the FT/ITC Transformational Business Award for Achievement in Transformational Finance. The award is given by the Financial Times and the World Bank's International Finance Corporation (IFC) for ground-breaking, commercially viable solutions to development challenges.[26]

The Nature Conservancy has ties to many large companies, including those in the oil, gas, mining, chemical and agricultural industries.[35] As of 2016, its board of directors included the retired chairman of Duke Energy, and executives from Merck, HP, Google and several financial industry groups.[36] It also has a Business Council which it describes as a consultative forum that includes Bank of America, BP America, Chevron, Coca-Cola, Dow Chemical, Duke Energy, General Mills, Royal Dutch Shell, and Starbucks.[37] The organization faced criticism in 2010 from supporters for its refusal to cut ties with BP after the Gulf oil spill.[38][39]

Writer and activist Naomi Klein has strongly criticized The Nature Conservancy for earning money from an oil well on land it controls in Texas and for its continued engagement with fossil fuel companies.[40][41] The Nature Conservancy responded by arguing that it had no choice under the terms of a lease it signed years prior with an oil and gas company and later came to regret.[40]

In 2020, Bloomberg published an article claiming that some of the companies (such as JPMorgan Chase, Disney, and BlackRock) that purchase carbon credits from The Nature Conservancy were purchasing carbon credits for forests that did not need protection.[42]

In 2021, The Nature Conservancy partnered with Amazon to compensate local farmers for restoring and protecting rainforests in Para, Brazil.[43]

In 2022, a group of 158 conservation, environmental, and social justice non-profit organizations signed an open letter to the Conservancy's CEO, Jennifer Morris, charging that The Nature Conservancy was overly supportive of logging interests and the use of wood products as a natural climate solution. TNC is a member of the Forest Climate Working Group alongside wood product companies like Weyerhaeuser and Enviva, and other conservation organizations like the Trust for Public Land and American Forests.[44][45]

The Charity Navigator gave The Nature Conservancy a 3-star overall rating, a 2-star financial rating and a 4-star accountability and transparency rating, out of a maximum of four stars, for the 2019 fiscal year.[46]

Like many large environmental groups such as the Sierra Club and the World Wildlife Fund, the Conservancy includes allowances for hunting and fishing within its management policies. The organization does not totally ban hunting or fishing but defers to state hunting and fishing regulations.[47]

The organization publishes The Nature Conservancy magazine (ISSN 1540-2428; six issues per year).

There have been allegations of The Nature Conservancy obtaining land and reselling it at a profit, sometimes to supporters and sometimes to large organizations that allows them to claim tax breaks.[48][49][50] The Nature Conservancy argues that the profit from such sales allows The Nature Conservancy to increase its preservation of what the Nature Conservancy claims are more important locations.[51]

In 2003 the Washington Post ran an investigative series about the Nature Conservancy with allegations of improper dealing and other improprieties that the Nature Conservancy contested.[52] In part, the Post alleged the Conservancy had, time and again, bought ecologically significant tracts of land, attached some development restrictions and then resold the properties to trustees and supporters at greatly reduced prices.[52][53] The sales were part of a program that limits intrusive development but generally allows buyers to build homes on the land.[53] The buyers then gave the Conservancy cash that was roughly equivalent to the amount of the discounts.[53] That allowed the new owners to take significant tax deductions for charitable gifts.[54][55]

The Nature Conservancy suspended a range of practices shortly after the articles ran including these sales, licensing its logo to corporations whose executives sat on the Conservancy's governing board and council, all new logging and other "resource extraction activities" such as oil and gas drilling on its nature preserves, and all new loans to employees.[53] The Conservancy launched an independent review that issued its final report in 2004, calling for sweeping reforms aimed at making the Conservancy a model of ethical standards for nonprofit organizations.[56]

After service as The Nature Conservancy's president for one year, Brian McPeek resigned on May 31, 2019, after a report on an internal investigation of sexual harassment was revealed by Politico and two other senior executives were ultimately dismissed based on its findings.[57] On June 7, 2019, Mark Tercek, CEO since 2008, announced his resignation following the resignation of McPeek.[58] On June 10, Luis Solorzano, executive director of The Nature Conservancy's Florida-based Caribbean chapter, became the fifth senior official to depart the organization.[59] On June 11, The Nature Conservancy's board chairman Thomas J. Tierney announced that board member and former US Secretary of the Interior Sally Jewell would serve as interim CEO, effective September 2019.[60]

• Tercek, Mark R.; Adams, Jonathan (2013) "Nature's Fortune: How Business and Society Thrive by Investing in Nature". New York: Basic Books ISBN 978-0-465-03181-8.
• Grove, Noel; with photographs by Stephen J. Krasemann (1992). Preserving Eden: The Nature Conservancy. New York City: Harry N. Abrams, Inc. ISBN 0-8109-3663-1.
• Morine, David E. (1990). Good Dirt: Confessions of a Conservationist. Chester, Connecticut: Globe Pequot Press. ISBN 0-87106-444-8.
• Birchard, Bill (2005). Nature's Keepers. San Francisco: Jossey-Bass (a Wiley imprint). ISBN 0-7879-7158-8.
• Stephens, Joe; Ottaway, David B. May 3, 2003). "Conservancy Scientists Question Their Role". The Washington Post.
• Stephens, Joe; Ottaway, David B. (May 4, 2003). "$420,000 a Year and No-Strings Fund: Conservancy Underreported President's Pay and Perks of Office". The Washington Post.