24 September 2020 – HCV Resource Network (HCVRN) and the High Carbon Stock Approach (HCSA) have signed a five-year Memorandum of Understanding (MoU) to strengthen their collaboration to conserve forests and uphold community rights in tropical forests. The two approaches can be used together to identify and conserve forests and their values – greatly contributing to efforts to mitigate climate change, build climate resilience, protect biodiversity and ecosystem services, and support livelihoods and respect community rights and cultural values.
The HCS and HCV approaches are cornerstones of corporate no deforestation and conservation commitments for many companies, and increasingly for actors working at different scales. The collaboration aims to further support effective implementation of these commitments through increased uptake of the HCV and HCS tools. For more information, download the complete press release.
For more information on how the HCS and HCV approaches work together see our new joint briefing note Coupling HCS and HCV Approaches to protect forests, biodiversity, and livelihoods here.