THE WHAT? In a bid to help combat climate change, the Estée Lauder Companies (ELC) UK & Ireland has pledged £500,000 over five years to fund nature restoration projects in the UK.
THE DETAILS The beauty giant has become a founding partner of ‘Revere’, a nature restoration project development facility delivered by a partnership between Palladium and National, which is designed to enable the restoration of natural habitats at scale in the UK’s National Parks using private capital.
The funding will help the development of scalable projects across the UK National Parks, which in turn will create new income streams for farmers and landowners ‘seeking to improve the quality of landscapes and support biodiversity, through the sale of ecosystem services.’
ELC’s support is also said to promote knowledge sharing and learning. This will enable other land managers and owners to learn from projects supported under Revere.
THE WHY? The funding is part of ELC’s community and social investment in the wider regions it operates within.
Sue Fox, President of Estée Lauder Companies UK & Ireland said, “Our five-year commitment to support Revere’s nature-based climate initiatives in the UK’s National Parks underlines our desire for decisive action on climate change. This partnership is focused on helping to protect and restore the UK’s most precious ecosystems through pioneering nature restoration projects designed to combat climate change and the biodiversity crisis. We are delighted to work with National Parks UK, Palladium and the other founding partners.”