In my experience, four major barriers consistently get in the way of meaningful collaboration. Addressing these challenges head-on not only reduces friction—it’s what makes collaboration transformative, not just transactional.
- Power dynamics that go unaddressed: Disparities in financial resources, technical expertise, and institutional influence often translate into imbalanced decision-making power. This shapes everything from whose priorities set the agenda, to who understands and benefits most from the tools on the table. Progress depends on acknowledging these imbalances and actively redistributing power—through shared governance, equitable funding models, and capacity-building efforts tailored to partners with less access.
- Over-prioritisation of competition in early-stage markets: While competition has its place in mature systems, in emerging spaces like biodiversity credits and nature finance, a collaborative approach is critical. Early on, we need to prioritise shared learning, open-source methodologies, and collective standard-setting to prevent a race to the bottom on quality or inclusion.
- Differences in language, culture and technical framing: Cross-sector collaboration often requires careful translation—of terms, timelines, and values. In nature finance, for instance, private sector actors may lack familiarity with the rights-based frameworks and lived realities of IP and LCs. Bridging these gaps takes time, but it’s essential for building trust and avoiding misunderstandings.
- Real and perceived risks of unfamiliar partnerships: Working across sectors often brings together actors with different operating models and expectations. This can raise concerns about accountability, compliance, and reputational risk. To move past this, partnerships need to set clear roles, transparent decision-making processes, and safeguards like due diligence and Free, Prior and Informed Consent (FPIC)—embedding trust into the structure of the collaboration itself.