Sustainability Framework

Actors Across Layers

Who operates in the sustainability system, and where.

Different actors operate at different layers. Understanding where you sit, who else operates around you, and how different players interact is the first step to effective strategy.

End Demand
Consumers, Advocacy
L4–L6
Demand Side
Corporates, Investors
L3–L5
Enablers
Consultancies, Standards, Certifiers, Industry Bodies
L3–L5
Connectors
Tech/Data, Intermediaries, Regulators, Research
L1–L4
Value Creators
Producers, NGOs
L1–L3

End Demand

The 8 billion people whose consumption drives the entire system. End demand (L6) is the pull force — distinct from institutional demand (L3–L5). Consumer advocacy organisations represent their interests across markets and policy.

CONSUMER & CITIZEN

End users of the system

L6

Consumers are the pull force that drives the entire system. Their aggregate demand for food, energy, housing, products, and services shapes corporate strategy, landscape use, and planetary outcomes. The intention-action gap — 94% support sustainability but behaviour lags — is one of the largest unresolved challenges.

Examples: 8 billion people making daily choices across food, energy, products, finance, and digital services

Key challenges:

  • Price premium on sustainable alternatives
  • Information overload and greenwashing eroding trust
  • Infrastructure gaps limiting access to sustainable options
  • Habit and convenience barriers to behaviour change

What would it take for the sustainable option to be the easy option?

CONSUMER ADVOCACY

Representing consumer interests

L4-L6

Consumer advocacy organisations operate across L4–L6, representing consumer interests in markets, governance, and international policy. They bridge consumer protection with sustainable consumption — ensuring that sustainability transitions don’t come at the expense of consumer rights, safety, or access.

Examples: Consumers International, Which?, Consumer Reports, national consumer bodies, digital rights organisations

Key challenges:

  • Balancing consumer protection with sustainability ambition
  • Combating greenwashing and misleading claims at scale
  • Ensuring sustainability doesn’t increase cost of living
  • Representing diverse consumer needs across income levels

Are consumers protected, informed, and empowered to participate in sustainable markets?

Demand Side

Institutional actors that create demand for outcomes and capital. They set targets, allocate funds, and procure credits or services, including institutional funding (e.g., pensions, insurers, endowments).

INVESTOR

Capital providers

L4-L5

Investors deploy capital seeking both financial returns and sustainability outcomes. Institutional funding sits here too (e.g., pensions, insurers, endowments), alongside asset owners and allocators. They operate primarily at L4-L5, responding to governance frameworks and influencing corporate action through investment decisions, engagement, and stewardship.

Examples: DFIs, impact funds, ESG funds, commercial banks, family offices

Key challenges:

  • Balancing fiduciary duty with impact objectives
  • Data quality and comparability across portfolios
  • Greenwashing risk and credibility
  • Measuring real-world outcomes vs. portfolio metrics

Where is your capital creating impact?

CORPORATE

Demand-side actors

L3-L5

Corporates sit at the heart of sustainability action. They set targets, develop transition plans, manage supply chains, and report to stakeholders. Their decisions ripple down through value chains to landscapes.

Examples: Brands, retailers, manufacturers, service companies, shipping lines, logistics operators, transport firms, miners & commodity producers

Key challenges:

  • Navigating competing frameworks and requirements
  • Building internal capability across functions
  • Supply chain visibility and influence
  • Moving from disclosure to genuine transformation

Do you understand your full exposure?

ASSET OWNER

Long-term capital allocators

L4-L5

Asset owners set mandates, define risk tolerance, and shape markets through allocation and stewardship. Their long horizons make them pivotal for nature and climate transition outcomes.

Examples: Pension funds, sovereign wealth funds, endowments, large family offices

Key challenges:

  • Balancing long-term risk with short-term performance pressure
  • Data gaps on nature-related exposure
  • Influencing managers through stewardship and voting
  • Regulatory scrutiny and fiduciary duty interpretation

How does your allocation strategy reflect nature and climate risk?

INSURER & REINSURER

Risk pricing & underwriting

L4-L5

Insurers translate physical and transition risks into price signals. Coverage requirements and risk pricing can accelerate resilience and improve corporate risk management.

Examples: Commercial insurers, reinsurers, brokers, catastrophe modelers

Key challenges:

  • Model uncertainty for nature and climate risks
  • Rising loss volatility and exposure aggregation
  • Regulatory capital requirements
  • Aligning underwriting with net-zero and nature goals

How do you price and reduce nature-related risk?

PHILANTHROPY & FOUNDATIONS

Catalytic capital

L4-L5

Philanthropy provides early-stage grants and first-loss capital that de-risk projects and build capacity, helping markets mature before commercial capital arrives.

Examples: Foundations, donor collaboratives, grant-makers, mission funds

Key challenges:

  • Sustaining funding beyond pilots
  • Measuring impact without excessive overhead
  • Coordinating with public and private capital
  • Avoiding dependency on grants

Where can catalytic funding unlock private capital?

PUBLIC GRANT & STATUTORY FUNDING

Government and multilateral funding

L4-L5

Public grants and statutory allocations direct taxpayer and donor-backed capital into research, innovation, and early project development. Statutory funding is a subset of public grants mandated by law or regulation. For guarantees and market de-risking instruments, see Public Finance (Connectors).

Examples: EU Horizon, NORAD, DFID/FCDO, USAID, statutory allocations, national research councils

Key challenges:

  • Short funding cycles vs long-term outcomes
  • Administrative and reporting burden
  • Fragmented programs and eligibility rules
  • Coordination with private capital

How do grant programs unlock impact and crowd in private finance?

Enablers

Actors that build the rules, trust, and capability. They set standards, verify claims, and help others implement.

CONSULTANCY

Commercial advisory

L2-L5

Consultancies help organisations navigate sustainability requirements. They advise on strategy, compliance, reporting, and implementation – translating frameworks into action.

Examples: 3Keel (Landscape Enterprise Networks), ERM, Anthesis, Carbon Trust, Bright Tide, shipping risk consultants, freight hedging advisors

Key challenges:

  • Keeping pace with evolving requirements
  • Moving clients beyond compliance to transformation
  • Demonstrating ROI on sustainability investments
  • Building deep sector expertise
v3.1 note — Platform-blurring: an increasing number of consultancies operate proprietary platforms or tools alongside advisory services, blurring the line between Consultancy and Technology & Data, and sometimes extending into Intermediary territory. 3Keel’s Landscape Enterprise Networks (corporate-funded regen ag, ~€24M+ delivered to ~350+ farmers across UK/EU) is one such full-stack model. When evaluating, ask: am I buying expertise, software, market access, or all three?

Where do you add most value?

LEGAL & TRANSACTION ADVISORY

Structuring deals & compliance

L4-L5

Legal and transaction advisors design deal structures, contracts, and frameworks that align capital with sustainability outcomes and regulatory requirements.

Examples: Law firms, transaction advisors, investment banks, SPV structuring

Key challenges:

  • Complexity of blended finance structures
  • Evolving disclosure and liability risk
  • Aligning contracts with long-term outcomes
  • Balancing investor protections with project flexibility

How do you structure finance that balances risk, impact, and compliance?

STANDARD SETTER

Defining frameworks

L4

Standard setters define the rules of the game – what counts, how to measure it, what "good" looks like. Their frameworks shape corporate behaviour and market mechanisms.

Examples: Verra, SBTi, SBTN, Gold Standard, GRI, ISSB

Key challenges:

  • Balancing rigour with accessibility
  • Ensuring real-world impact, not just compliance
  • Harmonising with other standards
  • Keeping pace with science and practice
v3.1 note — Coalition bridge: coalitions in standards-development mode bridge Industry Body and Standard Setter. Broadway Initiative is developing the SME Sustainability Data Reporting Standard ("create once, share many"), under joint work with Bankers for Net Zero.

How does your standard connect to outcomes?

CERTIFIER & VERIFIER

Validating claims

L3-L4

Certifiers and verifiers provide independent assurance that claims are credible. They audit, certify, and verify – building trust across the system.

Examples: Soil Association, SGS, Bureau Veritas, audit firms

Key challenges:

  • Scaling verification cost-effectively
  • Maintaining independence and credibility
  • Adapting to new standards and requirements
  • Technology integration (remote sensing, AI)

What trust do you enable?

INDUSTRY BODY (a) — MEMBER PROFESSIONAL BODIES

Practitioner & sector networks

L4-L5

Member professional bodies convene individual practitioners and member organisations within a profession or sector. Membership-funded; primary role is professional development, standards of practice, advocacy, and accreditation.

Examples: ISEP, IEMA, UKSIF, NFU, NGFS, trade associations

Key challenges:

  • Representing diverse member interests
  • Driving ambition vs. lowest common denominator
  • Demonstrating member value
  • Influencing policy effectively

How do you shape sector practice?

INDUSTRY BODY (b) — COALITIONS & MULTI-STAKEHOLDER INITIATIVES

Pre-competitive coordination & collective commitment

L4-L5

Coalitions and multi-stakeholder initiatives convene organisations (typically corporates, sometimes plus investors / NGOs / public bodies) around a shared challenge. Often programme- or grant-funded; primary role is pre-competitive coordination, collective commitment, and sometimes operating delivery platforms or developing standards. Coalitions also appear under Enabling Systems → Coordination — they are coordination infrastructure as well as actor categories. When a coalition is actively developing a standard, it bridges into Standard Setter.

Examples: Broadway Initiative, SME Climate Hub (international), We Mean Business Coalition, Race to Zero, Bankers for Net Zero

Key challenges:

  • Translating shared intent into operational action
  • Sustaining membership engagement
  • Managing the line between advocacy, standards, and delivery
  • Avoiding duplication with neighbouring coalitions

What does this coalition actually move that members couldn’t move alone?

Connectors

Actors that translate outcomes into investable or tradable value and move data and finance between supply and demand.

TECHNOLOGY & DATA

MRV & platforms

L2-L5

Technology and data providers enable measurement, reporting, and verification. They build the infrastructure for evidence-based sustainability – from satellite monitoring to blockchain registries.

Examples: Novata, Sylvera, Pachama, NatCap Research, ENVable, EcoVadis, Cultivo, registry platforms, MRV tech, satellite providers

Key challenges:

  • Interoperability across platforms
  • Ground-truthing remote sensing
  • Data privacy and ownership
  • Business model sustainability
v3.1 note — Light touch by design: this card stays deliberately broad. Evidence-type sub-structure — MRV, Traceability, Disclosure Data, Impact Evidence — lives in Data Flows. Many platforms hybridise: supply-chain assessment platforms (EcoVadis) span Tech & Data and Ratings; project-and-finance platforms (Cultivo) span Tech & Data and Intermediary; private-markets data platforms (Novata) span Tech & Data and Consultancy. See Data Flows for the evidence-type structure and the "Spanning Multiple Framework Dimensions" table below for the four-dimensional read.

What gaps do you fill in the data chain?

RATINGS & INDEX PROVIDERS

Benchmarks & risk analytics

L4-L5

Ratings and index providers translate disclosures into comparable signals that influence capital allocation, cost of capital, and investor behaviour.

Examples: MSCI, Sustainalytics, S&P, Moody's, FTSE Russell

Key challenges:

  • Methodology transparency and consistency
  • Data gaps and reliance on self-reporting
  • Comparability across sectors and regions
  • Managing issuer and investor expectations

How do you make sustainability data decision-grade?

MARKET INFRASTRUCTURE

Exchanges, registries & clearing

L3-L5

Market infrastructure provides venues, registries, and settlement systems that make sustainable finance tradable, transparent, and scalable.

Examples: Stock exchanges, bond markets, registries, clearing houses

Key challenges:

  • Standardisation across products and markets
  • Interoperability between registries
  • Fraud prevention and market integrity
  • Access and cost for smaller participants

How do you ensure integrity and liquidity?

INTERMEDIARY

Market facilitators

L2-L3

Intermediaries connect producers with buyers, aggregate small-scale supply, develop projects, and facilitate market transactions. They bridge the gap between landscapes and corporate demand.

Examples: Carbon brokers, freight brokers, shipbrokers, FFA brokers, commodity derivatives brokers, aggregators, Organimark, Cultivo, 3Keel LENs

Key challenges:

  • Building trust on both sides
  • Managing quality and integrity
  • Achieving scale while maintaining impact
  • Navigating evolving market rules
v3.1 note — Full-stack intermediation: some intermediaries operate full-stack value-chain integration programmes that combine intermediation, advisory, technology, and embedded finance. Organimark runs a full value-chain programme with trade finance (~$20M/yr) and capital under management (~$10M). 3Keel’s LENs combines consultancy + farmer aggregation + corporate co-funding. Cultivo combines project origination + MRV + investor matchmaking. When evaluating, ask: am I buying market access, a managed process, software, or capital — and where does the value sit?

How do you connect supply to demand?

PUBLIC FINANCE

Budget owners & development finance

L3-L5

Public finance anchors the system through budgets, subsidies, and policy-aligned investment. It can de-risk projects and mobilise private capital at scale. For grants and statutory allocations, see Public Grant & Statutory Funding (Demand Side).

Examples: Treasuries, ministries of finance, municipal authorities, development banks, sovereign issuers, export credit agencies

Key challenges:

  • Fiscal constraints and political cycles
  • Accountability and outcome tracking
  • Aligning funding with long-term impact
  • Coordination across agencies and jurisdictions

How do public budgets and guarantees unlock private capital?

REGULATOR

Mandatory requirements

L1-L4

Regulators set mandatory requirements, enforce compliance, and shape market conditions through policy. They translate scientific imperatives into legal obligations.

Examples: EU Commission, FCA, Defra, EPA, national governments

Key challenges:

  • Balancing ambition with feasibility
  • Enforcement and compliance monitoring
  • International coordination
  • Keeping pace with science and markets

How do you drive real outcomes?

RESEARCH & ACADEMIA

Knowledge generators

L1-L4

Research and academia generate the evidence base for sustainability. They develop methodologies, track planetary systems, evaluate interventions, and train the next generation of practitioners.

Examples: Universities, UNEP-WCMC, Stockholm Resilience Centre, think tanks

Key challenges:

  • Translating research into practice
  • Funding for applied research
  • Timelines vs. policy/market needs
  • Communicating complexity

How does your research reach practice?

Value Creators

Actors that generate real-world outcomes on the ground, stewarding land, ecosystems, and communities.

NGO

Non-profit advocacy & conservation

L1-L3

NGOs work across planetary foundations, landscapes, and ecosystem services. They advocate, conserve, build capacity, and often bridge gaps between producers, corporates, and governance systems.

Examples: FFI, WWF, Conservation International, local trusts

Key challenges:

  • Sustainable funding models
  • Scaling impact beyond project sites
  • Balancing advocacy with partnership
  • Demonstrating measurable outcomes

How do you translate mission to action?

GUARDIANS, CUSTODIANS & PRODUCERS

Stewards of land, water, resources & traditional knowledge

L1-L3

The foundational actors of sustainability. Indigenous communities protect planetary systems through traditional knowledge. Custodians steward landscapes and heritage. Producers manage land, water, and natural resources – together creating the foundation for all ecosystem services. Often undervalued in current systems.

Examples: Indigenous communities, traditional land managers, farmers, foresters, fishers, cooperatives

Key challenges:

  • Recognition of traditional knowledge and rights
  • Capturing fair value for ecosystem services
  • Meeting certification and traceability requirements
  • Balancing productivity with regeneration

Are you capturing value from all service types?

v3.1 — Multi-Dimensional Positioning

Actors Spanning Multiple Framework Dimensions

The most interesting organisations don't sit cleanly in one actor category. They span the framework's cross-cutting components — Actor Ecosystem, Data Flows, Capital Flows, and Enabling Systems — and the framework's value is making that multi-dimensional fingerprint visible, not forcing each into one box.

Below: seven anchor organisations, used to stress-test the v3.1 lens. Every row has multiple columns lit up. The fingerprint, not the bucket, is what tells you what the organisation actually does.

OrgPrimary ActorData FlowsCapital FlowsEnabling Systems
ENVableTech & Data (self-led diagnostic)Light touch (adjacent to Disclosure)Light touch
Broadway InitiativeIndustry Body (coalition)Shaping Disclosure standards (SME SDRS)Bankers for Net Zero touchpointCentral: Coordination + emerging Standards
SME Climate Hub (international)Industry Body (coalition)Disclosure (commitment register)IndirectCoordination (UN Race to Zero)
UK Business Climate HubNot an actor; a platformHosts MRV + Disclosure toolsDelivery vehicle for Broadway
CultivoTech & Data + IntermediaryMRV + Impact EvidenceCentral: Sources to Recipients in one platformApplies Verra / Gold Standard methodologies
OrganimarkIntermediary + Consultancy + TechTraceability (value chain mapping)Trade finance (~$20M/yr) + capital under management (~$10M)Positions "beyond certification"
EcoVadisTech & Data + RatingsHeavy: Disclosure Data (buyer-driven)Indirect (procurement, finance access)De facto industry-wide assessment standard

How to use it: when you encounter a new player — especially a SaaS, platform, or coalition that resists single-category classification — read it across all four dimensions. See also Data Flows, Capital Flows, and Enabling Systems.

How Actors Interact

No actor operates in isolation. Understanding the relationships between actors reveals opportunities for collaboration and influence.

Pandion works as a hybrid partner across finance, revenue mechanisms, and sustainability delivery, translating between actors and helping teams see how the system connects.

Capital Flow

InvestorsCorporatesIntermediariesProducers

Capital flows down through the system, shaped by governance requirements and enabled by intermediaries who aggregate and de-risk.

Data Flow

ProducersTech/DataCertifiersCorporatesInvestors

Evidence flows up through the system – from landscape-level MRV through verification to disclosure and reporting.

Standards & Governance

ResearchStandard SettersRegulatorsAll Actors

Science informs standards, standards inform regulation, regulation shapes behaviour across the system.

Capacity Building

Consultancies + Industry Bodies + NGOsAll Actors

Enablers build capability across the system – training, advising, convening, and supporting implementation.

Material & Circularity Flow

Producers (L1-L3) → Corporates (L5) → Consumers (L6) → Circular Return or Waste

Products flow up from landscapes to consumers. At L6, materials either leave the system as waste (linear) or return through circular pathways – repair, reuse, recycling, composting, sharing economy. Circularity is primarily a system design challenge (L4–L5 policy and corporate design), not a consumer behaviour challenge.

Find Your Position

Understanding where you sit in the system is the first step. The next is building the capability to act effectively.