A new guide explains how financial institutions can engage with the CBD COP15 process and push for an ambitious Post-2020 Global Biodiversity Framework. The Finance for Biodiversity Foundation, founded by NextGreen and de Horde Advies, contributed to the guide together with other partners.
The Financial Sector Guide for the Convention on Biological Diversity is the result of a partnership between the Secretariat of the Convention on Biological Diversity, Business for Nature, Finance for Biodiversity Pledge and Foundation, Principles for Responsible Investment and the United Nations Environment Programme Finance Initiative. The guide fits into the broader engagement process that the CBD Secretariat is currently initiating on how the global finance sector can contribute to the post-2020 global biodiversity framework and the 2050 vision and what priority actions are needed for its implementation.
On 12 July, the co-chairs of the Open Ended Working Group preparing the international negotiations furthermore presented the first draft of the Global Biodiversity Framework.
The Financial Sector Guide for the Convention on Biological Diversity focuses on the following three questions:
- Why is nature important for the financial sector?
- How does the CBD work? What is being discussed at the COP15 and why is it relevant for financial institutions?
- What action can the financial sector take?
The answer to this third question is structured according to the five commitments of the Finance for Biodiversity Pledge, building on our Guidance document. The Public Policy Advocacy Working Group under the Finance for Biodiversity Foundation was involved in the expert group that prepared the 17-18 June CBD workshop.
Watch the 17-18 June CBD Workshop in which the guide was presented: ‘The financial sector and the post-2020 global biodiversity framework’
Read more about this project at the Finance for Biodiversity Pledge project page.