Sustainability and The Economic Importance of Trees
It might seem a bit unusual, but recently we’ve been contemplating the economic benefits of trees. The week of 23 November to 1 December was National Tree Week. While we often think of trees in terms of their environmental contributions—providing shade, beauty, and shelter—they also have a significant impact on our economy and well-being. Trees offer us far more than just a pleasant backdrop to our daily lives; it’s time to recognise just how much trees contribute to our lives—not just in terms of nature, but in cold, hard economic terms too.
The silent economic powerhouses
Trees give us many things: a place for children to play, shade on a hot day, leaves to kick through in autumn, and a home to countless wildlife species. They’ve even played a part in scientific discoveries, like Sir Isaac Newton’s musings on gravity. But beyond their beauty and function, trees are quietly supporting the economy in ways we may not immediately recognise.
Carbon capture and climate change mitigation
Trees are natural carbon capture machines, absorbing CO2 and helping mitigate climate change. In fact, the economic cost of climate-related disasters is staggering—flooding in the UK alone can reach up to £1.4 billion annually. Trees play a critical role in flood prevention by intercepting rainfall and absorbing water through their roots. Their ability to cool the air and reduce stormwater runoff provides a financial safety net against some of the most damaging impacts of climate change.
Trees as natural healthcare providers
Trees also have a profound impact on our health, and the financial implications are enormous. Trees release antimicrobial phytoncides, which help improve immune function, circulation, and mental health. This isn’t just a feel-good factor—poor mental health costs the UK economy £105 billion annually. A study by Forest Research found that visits to woodlands could save the NHS £185 million annually in mental health-related treatment costs alone. By investing in tree planting and conservation, we could significantly reduce these costs and boost public health.
The property value boost
It’s not just our health that benefits from trees. Studies have shown that properties with more tree cover can see a 5-15% increase in value. Urban areas with increased tree cover also see a rise in local economic activity as demand for homes and services grows. This creates a ripple effect that benefits the local economy, making trees a valuable investment for both homeowners and local governments.
Tackling tree inequity
However, tree cover in the UK remains worryingly low. Only 13% of the UK is covered by trees, and a mere 2.4% is ancient woodland. The lack of access to trees disproportionately affects lower-income neighbourhoods, where tree cover is significantly less than in wealthier areas. This “tree inequity” not only affects health and well-being but exacerbates social inequalities, particularly in urban communities most impacted by pollution.
A greener future: The economic case for trees
Despite these challenges, there is hope. In August of this year, 12 new shoots sprouted from the stump of the iconic Sycamore Gap tree that was felled last autumn, with seedlings being grown from its twigs and seeds. This is a powerful reminder that regeneration is possible when we come together to support conservation efforts.
Turning the tide
In the new year, we have an opportunity to turn this situation around. Supporting tree planting and conservation initiatives, lobbying for more green spaces in urban areas, and engaging in reforestation projects are just a few ways we can make a meaningful impact. By investing in trees, we can address environmental challenges, improve public health, and create a stronger, more resilient economy. The economic and social returns on investing in trees are clear—now is the time to act.
Our commitment to sustainability
As a business, we take sustainability seriously. We work hard to minimise our impact on the environment, from promoting investment in ESG funds to ensuring that our practices align with our commitment to a greener future. We believe in the power of thoughtful investment and conservation to drive positive change, and we’re dedicated to playing our part in building a more sustainable world for all.