Safeguarding outstanding natural value: The role of institutional investors in protecting natural World Heritage sites from extractive activity
Almost a third of all natural World Heritage Sites has the threat of oil, gas and mining exploration hanging over it, according to a new report. This threat rises to an alarming 61 per cent in Africa. Natural World Heritage Sites are places of outstanding natural value, such as the Grand Canyon, the Great Barrier Reef, and the Selous Game Reserve in Tanzania. The new assessment - in a report called Safeguarding Outstanding Natural Value, produced by WWF, Aviva Investors and Investec Asset Management - puts the risk at a higher level than previously thought. The report also brings to light the risk to investors of involvement with extractives companies working, or intending to work, in or near these special places.