Impact Investment: Land Covenanters Victoria
Empowering the private land conservation movement
In 2022, Rendere identified a gap in the sector when it comes to supporting landholders who have placed perpetual covenants on their land to protect biodiversity.
There was no platform to enable these landholders to connect, share knowledge, advocate for better tax and other incentives and break down barriers to participation.
To support these landholders and the private land conservation movement more broadly, Rendere provided core funding and back-of-house support for the establishment of Land Covenantors Victoria (LCV).
Background and situational context
Since the 1970s, the private land conservation movement has been growing rapidly, with around 1,500 Victorians placing perpetual covenants on their land, protecting over 72,000 ha of habitat.
While these landholders are supported by Trust for Nature, Land for Wildlife, local councils, catchment management authorities and other groups, there has been no mechanism to bring covenantors together to share knowledge and advocate for better policies and incentives.
With the support of Rendere and a group of active protectors, Land Covenantors Victoria was launched in 2022. With a highly skilled board and committee in place, LCV has since attracted hundreds of members and become an authoritative voice on private land conservation.
This advocacy played into the Victorian Government’s decision, in 2023, to introduce a new land tax exemption for land protected by a conservation covenant with Trust for Nature from 1 January 2024.
“The Rendere Trust has been instrumental in getting Land Covenantors Victoria off the ground. Together we’ve been able to build awareness of the benefits of covenanting and how it enables individuals and families to take personal action to protect the environment.
“This is an inspirational movement – one that will gain significant momentum over the coming years, enabling more people to leave a living environmental legacy.“
– Land Covenantors Victoria secretary, Diana Droog.