The Livelihoods and Landscapes Strategy (LLS) was a five-year program implemented by IUCN (International Union for the Conservation of Nature) and funded by DGIS (Ministry of Foreign Affairs of the Netherlands). The Strategy focused on four main themes: poverty reduction, natural resource-based markets and incentives, forest governance, and landscape transformation. LLS, originally set to finish in December 2010, was granted a no-cost extension and came to a close in December 2011. A considerable number of LLS activities are continuing in several landscapes, as other sources of funding have been secured to maintain and scale up some of the successes of the Strategy. This report summarizes the objectives, activities, outcomes and impacts of LLS up to December 2011, and reflects on the learning and the lessons that have been generated by the Strategy.