Leonardo DiCaprio

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L&G and Enosis Capital have announced a $1 billion partnership to support debt-for-nature swaps that allow governments to commit to environmental conservation while lowering their country’s debt service burden. The partnership will give governments more financial support and confidence in pursuing debt-for-nature swaps, and it will mean that there is reliable funding available to protect nature, strengthen communities and support long-term economic and environmental resilience. “This partnership marks a monumental step forward for sovereign debt conversions,” said the executive director of the Debt for Nature Coalition. “L&G and Enosis Capital’s partnership sends a powerful signal to the market: that conservation and sustainable development are not peripheral objectives, but core components of long-term investment strategies.” The Debt for Nature Coalition has assisted with seven debt-for-nature swaps and was an Earthshot Prize finalist in 2025 for its work on a sovereign debt conversion to protect the Galápagos archipelago. Photo credit: Sumer Verma, @luminousdeep — @kogia_org