Cases in Conservation Finance: Case #2 - Kaarsten Turner Dalby and Tommie Herbert, The Forestland Group
Learn from two innovators with deep experience in the linked worlds of conservation, forestry, and carbon.
In this case study, Ricardo talks with two innovators who have been struggling with different approaches to innovate in the worlds of forestry and conservation for the last several decades. Kaarsten Turner Dalby and Tommie Herbert both currently work at The Forestland Group, a Timber Investment Management Organization (TIMO) based in North Carolina. Kaarsten has been working with TFG for many years and she has lead the company in exploring various innovations in conservation finance including carbon projects (she has personally been involved in dozens of carbon projects stretching across hundreds of thousands of acres), as well as innovations in labeling (including Forest Stewardship Council and others), forest management practices, etc. Tommie, meanwhile, joined TFG this year but before joining the company she was in charge of innovative conservation finance at the US Forest Service where she was involved in lots of conservation finance projects ranging from carbon projects, fire resilience bonds, and many, many others. Both Tommie and Kaarsten have long been leaders in both the forestry and conservation finance space and share their wisdom and experience in this session. Hear where they see the fields of forestry and conservation finance going in the next few years, where they’ve come from, and what they have learned in this case. Learn about the specific experiences of the Forestland Group on carbon projects, Forest Stewardship Council labeling, and working with private investors in the linked worlds of conservation, forestry, and carbon.
Kaarsten Turner Dalby’s primary responsibilities include oversight of the FSC certification program and TFG’s efforts to generate increased revenues from a diversity of ecological services including sales of carbon credits, working-forest conservation easements, wind-energy rights, and monetization of other non-timber attributes of forestland ownership. Kaarsten is a member of TFG’s Investment Committee. Kaarsten holds a B.A. from Smith College, an M.S. from the University of Montana School of Forestry, and an M.B.A. from the University of North Carolina’s Kenan-Flagler School of Business. Prior to joining TFG in 1998, Kaarsten worked for a Boston-based TIMO and has worked for a number of domestic and international conservation organizations on public and private land management issues. Kaarsten has professional affiliations with the Society of American Foresters and is Treasurer of the Forest Stewards Guild. Currently, Kaarsten serves on the Board of Directors of the World Forestry Center.
Tommie Herbert’s primary responsibility is new product development, investor outreach and relationship management, and marketing. Tommie engages in ESG related matters for The Forestland Group and serves on TFG’s strategic direction team. Tommie holds a B.S. in Human & Organizational Development from Vanderbilt University with a Minor in Spanish. She earned a M.F. from the Yale School of Forestry and Environmental Studies with a focus on forest management and finance. Prior to joining TFG in 2020, Tommie served as the Conservation Finance Program Manager for the USDA Forest Service. She also held positions with the Environmental Defense Fund, National Park Service, and Forest Trends, helping to connect incentives and market-based strategies for sustainable working landscapes in the US and abroad through cross-sector partnerships. Tommie is a member of The Forest Stewards Guild and a leading participant in multiple industry networks and conferences.