CBD launches engagement guide for financial institutions
01 July 2021 – 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 contributed to the guide together with other partners.
The Financial Sector Guide for the Convention on Biological Diversity is the result of collaboration 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 organising 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.
The Financial Sector Guide for the Convention on Biological Diversity was presented during the 17-18 June CBD Workshop ‘The financial sector and the post-2020 global biodiversity framework’. It 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?
- How can the financial sector act?
The answers to this third question are 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 has been involved in the expert group that prepared the 17-18 June CBD workshop.
Watch the 17-18 June CBD Workshop ‘The financial sector and the post-2020 global biodiversity framework’