Overview of biodiversity initiatives for finance

Twelve different initiatives on ‘finance and biodiversity’ – a new overview now shows who is doing what. Together with the signatories of the Finance for Biodiversity Pledge, the Finance@Biodiversity Community, UNEP FI and PRI, we developed an overview of the main biodiversity-related initiatives developed for financial institutions. The overview document shows the topics that each initiative addresses, the activities and deliveries planned for 2021-2022, reports published, and contact information. This overview was launched during the 1 April webinar on measurement approaches.

The momentum behind biodiversity is growing among financial institutions, and so is the number of communities, networks and initiatives dedicated to this topic. Together with UNEP FI and the PRI, the Finance for Biodiversity Pledge and its initiator the Finance@Biodiversity Community want to help financial institutions to understand what initiatives are out there, and who is doing what. The aim of this overview is to enable synergies and accelerate collaboration on key topics, also under the new Finance for Biodiversity Foundation.

The twelve initiatives that we have surveyed, are:

  • Finance@Biodiversity Community (F@B) under the EU Business@Biodiversity Platform
  • Finance for Biodiversity Pledge and Foundation (FfB)
  • Principles for Responsible Investment (PRI)
  • Principles for Responsible Banking (PRB), Principles for Sustainable Insurance (PSI) and Investment Leadership Platform (ILP) under UNEP FI
  • Taskforce on Nature-related Financial Disclosures (TNFD)
  • Finance for Biodiversity Initiative (F4B)
  • Science Based Targets Network (SBTN)
  • Aligning accounting approaches for nature (Align)
  • Partnership for Biodiversity Accounting Financials (PBAF)
  • Exploring Natural Capital Opportunities, Risks and Exposure (ENCORE)
  • Consortium for Biodiversity Footprint (CBF)
  • Coalition for Private Investment in Conservation (CPIC)

An overview table shows which topics each initiative collaborates on, as well as who can join. A concise fact sheet for each initiative is also included.

As the biodiversity movement is developing rapidly, we will update this overview document every quarter. Feedback and input to be included in the next updates of this document can be sent to info@financeforbiodiversity.org.

Download the Overview of initiatives for financial institutions

Read more on the project page Finance for Biodiversity Pledge

Read more on the project page EU Finance@Biodiversity Community

Watch the 1 April webinar ‘Launch guide on biodiversity measurement approaches’

Dialogue for joint solutions

One lesson of the past year is that it’s only by working together that we can get through a crisis. At NextGreen, we enjoy working with the dialogue method, as given to us by the Jewish philosopher Martin Buber.

For Buber, equality is an essential basis for productive cooperation. Dialogue is a key concept for him. In a dialogue, speaking and listening are in balance with each other and attention is focused on perspectives and responses. Through this interaction, the dialogue partners can connect to their deeper sources. Hidden wisdom can be discovered by speaking and listening together. Through the interaction and the process of searching for answers together, creativity is released and new insights can emerge that we can build on. The dialogue therefore becomes greater than just the sum of its parts.

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Finance guide to measuring biodiversity

Together with the EU Finance@Biodiversity Community and the signatories of the Finance for Biodiversity Pledge, we have developed a Guide to measuring biodiversity for financial institutions. As the loss of biodiversity becomes ever more urgent, financial institutions are looking for ways to quantify the impact of their finance and investment activities on biodiversity. The Guide on biodiversity measurement approaches provides a comprehensive overview of the biodiversity measurement tools that are currently in use and underway. The Guide will be presented in a webinar on April 1st, 2-3pm CET.

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Model for decision support

Rooftop Garden Maandag Rotterdam Blaak. Design and realisation: Boekel Tuin en Landschap

In order to help municipalities and water boards to determine their policy mix to promote climate adaptation on private land, the working group decision support is developing a framework.

There are many policy tools that municipalities and water boards can use to promote climate adaptation on private land. And there are even more digital tools that are meant to facilitate the choice between the different policy tools. The working group decision support is therefore developing an overarching framework that will bring together these tools in a structured way.

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Launch Finance for Biodiversity Pledge

On September 25 at 15:00 CEST, 26 financial institutions will launch their Finance for Biodiversity Pledge during the United Nations Nature for Life Hub. Don’t miss it! In the Pledge, the participating banks, investors and other financial institutions will commit to start working for biodiversity. They will also call upon other financial institutions and heads of state to do the same, so that together we can help reverse global biodiversity loss.

Behind the scenes at NextGreen, we are working hard together with Anita de Horde to prepare for this historic event. The new website is now online and a film maker is busy creating videos in which the CEOs of these institutions make their statements for the launch.

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Kick-off: Climate Adaptation Assessment in the Finance Sector

Kick-off: Climate Adaptation Assessment in the Finance Sector

Over the next few months, NextGreen – commissioned by ‘Climate-Proof Together’ – will be working on an inventory of ongoing initiatives in the field of climate risks and climate resilience in the financial sector. The aim is to create a clear overview of current developments and to identify the next steps that financial institutions can take in conjunction with real estate developers, property owners and companies in order to adapt their policy and projects to integrate climate resilience.

The development of a ‘common language’ is important in the interaction between financial institutions and municipalities and water boards. It will make their dialogue on climate-proof design more effective for developers, property owners and companies, and it will provide a quicker insight into joint solutions.

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Balancing the UN’S SDGs for the environmental vision

How can we strike the right balance between the many demands on scarce space for living, energy production, health and nature? And how can we do this within a municipality’s environmental vision? The implementation of the Dutch Environment and Planning Act requires municipalities to view the physical environment from an integrated perspective and to describe how the related social policies mesh together. At the request of the Association of Dutch Municipalities (VNG), NextGreen facilitated working sessions with four municipalities in order to co-create a framework for striking the right balance, based on their practical experiences and using the UN’s 17 Sustainable Development Goals (SDGs) as a compass.

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Three New Pilots on Financial Incentives Alliance to Strengthen Collaboration

Alliantie financiële prikkels vergroenen belastingen subsidies

Tile collection services, communication and handling trade-offs to achieve a good policy mix are central to the three new pilots involving financial incentives for climate adaptation. The partners are therefore building on the work of the Financial Incentives Alliance for Climate Adaptation.

Citizens and businesses can take measures to make their own environment more climate-proof. For example, through the creation of a green roof or a rainwater reuse system. But what is the best way to encourage citizens and businesses to actually take these steps?

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Factsheets on ensuring climate adaptation in private property

Private property has a very significant role to play in dealing with our changing climate, from extreme rainfall to extended periods of heat and drought. The effects of this can clearly be seen in our cities. Fortunately, there are various policy options that municipalities and water boards can use to incorporate climate-adaption measures into their policy.
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Pilots Financial incentives for climate adaptation

The impact project ‘Rainwater, tax or reward‘ (Hemelwater belasten of belonen) by the work stream Differentiating Taxes of the Green Deal Green Roofs has developed into the new ‘Alliance financial incentives for climate adaptation’ (Alliantie financiële prikkels voor klimaatadaptatie). This alliance is working together with new partners, in association with the Delta Plan on Spatial Adaptation. The Alliance aims to stimulate citizens and companies to (re)arrange their buildings and gardens in a climate adaptive way and focuses on learning through pilots. This way they seek to further develop these incentives together.

To further research and develop the essential effects of the different financial incentives, the Alliance will carry out pilots with corresponding cross-sectioned working groups. These working groups will engage in collective research subjects and will, if necessary, conduct their own research.

For the period 2019-2020 local authorities have the possibility to receive a financial contribution (Dutch) from the Government to hire expertise to carry out the pilots ‘financial incentives’ (financiële prikkels).

On the 6th of June the Alliance meets up to accentuate the pilots and together define the agenda for the different working groups. Local authorities who are interested can apply by sending an e-mail to info@nextgreen.nl.

The Alliance Financial Incentives for Climate Adaption was preceded by:

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