05 Jun Financial Sector Guide for the Convention on Biological Diversity
Financial Sector Guide for the Convention on Biological Diversity
The new Financial Sector Guide for the Convention on Biological Diversity aims to mobilise financial institutions to ensure a nature positive world, by fostering better understanding of nature’s importance for the financial sector, providing insight on the Convention on Biological Diversity (CBD) process. Nature is important for the financial sector as its loss is putting our economies at risk. Members of the financial sector can contribute to curbing nature loss and aligning their financial flows to nature positive outcomes by:
Raising awareness on nature’s importance for the financial sector is becoming increasingly crucial. Continued biodiversity loss puts global economies at risk, and the financial sector, significantly exposed to nature, has a critical role to play to transform the current financial system, with a view to aligning financial flows for a nature positive world.
The guide is particularly timely as the world presently negotiates the post-2020 global biodiversity framework, due for adoption later this year in Kunming, China.
The guide, which is geared towards all financial institutions, stakeholders and partners, is the result of a collaboration between the CBD and four partners representing businesses and the private financial sector: Business for Nature, Finance for Biodiversity Pledge, PRI and the UNEP FI.The guide is the first of its kind between the CBD and partner organizations, and the financial sector.