Article: Welcome to Chile's Valdivian Coastal Reserve: Saving Ancient Forests
The Valdivian Coastal Reserve (VCR) is part of an ancient temperate rainforest rising from Chile’s southern coastline. The Nature Conservancy (TNC) has been managing the Valdivian Coastal Reserve since it was acquired in 2003 and works closely with neighbouring fishing villages and Indigenous communities to maintain traditional land uses and encourage compatible local economic development as part of the Reserve’s overall conservation strategy. BHP contributed funds to help set up the Valdivian Coastal Reserve and establish a long-term endowment in 2016. The BHP Foundation will now be taking on the management and governance of the Valdivia Endowment, which will provide valuable insights into this model for long-term financing of a conservation area. We’re also excited that TNC Chile will join our Knowledge Network as another source of information and lessons about complex conservation projects.