The Finance for Biodiversity Foundation (FfB), which has over 30 active members across the finance sector, has become an official observer member of the meetings of the Convention on Biological Diversity (CBD). This means that we can now attend meetings of the CBD and contribute to the negotiations.
On 25 August, at a meeting of the Open Ended Working Group 3 (OEWG, WG2020-3), we made use of this opportunity to speak for the first time. The interim chair of the FfB Public Policy Advocacy working group, Sonya Likhtman (Federated Hermes International), made a statement during the Plenary of the session.
“The financial sector must contribute to implementing the Global Biodiversity Framework, but to do so it needs an enabling regulatory environment, ambitious and enforceable targets, and relevant guidance. We strongly encourage the next draft of the Global Biodiversity Framework to include an explicit requirement for public and private financial flows to be aligned to global biodiversity goals.”
Learn more about the Post-2020 Biodiversity Framework
Learn more about the CBD negotiations and how the finance sector can engage
Read more about this project at the Finance for Biodiversity Pledge project page.