Finance for Biodiversity Foundation activities at COP15
The second part of the fifteenth meeting of the Conference of the Parties to the Convention on Biological Diversity (CBD COP15) will take place from 7 to 19 December 2022 in Montreal, Canada. It’s a key moment for global biodiversity, as world leaders will gather and discuss measures to halt biodiversity loss.
Representatives from 196 countries will come together to agree upon new global goals and targets on biodiversity in a Global Biodiversity Framework, ‘A New Deal for Nature and People’ that will be implemented over the next decade. COP15 presents an opportunity for transformative change to address the biodiversity crisis. To be successful, it must highlight the necessary actions to be taken by all stakeholders, including the financial sector, to urgently halt and reverse biodiversity loss.
Follow our updates to stay tuned to finance topics at COP15
- The Finance for Biodiversity Foundation is a co-organiser of the ‘Finance and Biodiversity Day’ at UN CBD COP15
- Sign the financial sector statement on biodiversity for COP15
- New FfB Pledge signatories at COP15
Visit us for information sessions or a chat at our Finance for Biodiversity Foundation booth #203, second floor of Palais des congrès de Montréal.
We are (co)organising the following side-events and sessions:
- 8 December at 1pm – Alignment of financial flows: channeling public and private investment towards nature, side event, JUSCANZ Meeting Room – 510C
- 9 December at 10.15am – Reforming environmental harmful subsidies for a nature positive future, Business Focus Days, Place Quebec
- 10 December at 3pm – FfB Pledge: how can financial institutions start acting on nature? – Hub Space, Business and Finance Hub at Place Québec
- 10 December at 6:15pm – Business and finance needs for mandatory requirements (Target 15), side event, Contact Group 6 516DE
- 11 December at 8.30pm – Nature Action 100 Soft Launch: Investors Announce Initiative to Drive Nature Action, Finance Focus Day, Auditorium of Place Quebec
- 11 December at 11.30pm – Biodiversity Impact & Dependency assessment in the Finance sector, Finance Focus Day, Auditorium of Place Quebec
- 11 December at 1.15pm – Aligning financial flows with the goals and targets of the post-2020 global biodiversity framework, Finance Focus Day, Auditorium of Place Quebec
- 12 December at 3.30pm – Measuring ambition: valuing nature in decision making, Business & Biodiversity Forum, Contact Group 3
- 13 December at 9am – Financing a Sustainable Future, Business Forum, Plenary Room
- 14 December at 7.30am – CEO-Ministers Breakfast Roundtable (closed doors)
- 14 December at 9.15am – Plenary 1: Depending on nature: protecting biodiversity to address systemic risks for the financial system, Finance and Biodiversity Day, Plenary room and online https://cbd.int/live/
- 14 December at 10.15am – Plenary 2: Leveraging opportunities and overcoming challenges for financial flows alignment and resources mobilization, Finance and Biodiversity Day, Plenary room and online https://cbd.int/live/
- 14 December at 12pm – Aligning financial flows to nature-positive goals, Nature Pavilion, small room
- 14 December at 2.15am – Breakout session 2: Approaches for tracking, measurement, target setting and disclosures, Finance and Biodiversity Day, breakout room
- 14 December at 2.15am – Breakout session 3: Developing nature-positive pathways to align financial flows, Finance and Biodiversity Day, breakout room
- 14 December at 4.30pm – Accountability & target setting in finance sector, Nature Pavilion, small room
- 14 December at 10.15am – Plenary 4: Transforming Finance – a Plan of Action for successfully implementing the post-2020 GBF, Finance and Biodiversity Day, Plenary room and online https://cbd.int/live/
- 14 December at 10.15am – Call for Action for all financial sector participants, Finance and Biodiversity Day, Plenary room and online https://cbd.int/live/
- 15, 16 and 17 December – Our CEO’s will represent FfB Foundation in the High-Level Segment, Plenary
We are also participating in offsite events:
- 11 December at 9am – ‘Businesses and Finance for Biodiversity: Closing the Nature Finance Gap‘, World Biodiversity Summit, World Climate Foundation, The Old Port of Montreal (333, de la Commune Street West)
- 12 December at 5.30pm – Accelerating Accountability for Nature: Taking Action, Global Commons Accountability Accelerator, Arup (1 Place Ville Marie Suite 3270)
Aviva, Federated Hermes Limited, Manulife and Storebrand Asset Management are among the 26 financial institutions that will be representing the Finance for Biodiversity Foundation delegation at the fifteenth meeting of the UN Convention on Biological Diversity (CBD COP15) from 7 to 19 December in Montreal, Canada.
The group of financial institutions will call on global leaders to agree on an ambitious outcome and effective measures to reverse nature loss in this decade to ensure ecosystem resilience. The financial institution representatives and others will be participating in the sessions of the Business and Biodiversity Forum on 13 December and the Finance & Biodiversity Day as well as a breakfast meeting for CEOs of financial institutions and ministers on 14 December, which the UN CBD secretariat is organizing in partnership with the Finance for Biodiversity Foundation.
The Public Policy Advocacy working group launched the third position paper with suggestions for the goals and targets of the framework. The purpose of the new position paper is to explain the critical role the Global Biodiversity Framework (GBF) needs to play in setting the policy agenda for increasing the engagement of private finance sector action on biodiversity. It focuses on what the financial sector needs to see in the GBF, how incorporating the concept of ‘alignment of financial flows’ in the GBF could be implemented by Parties and, then in turn, financial institutions, and the need for a supportive enabling environment to achieve this.
The Foundation also took part in the fifth meeting of the Open-Ended Working Group (OEWG-5) from 3 to 5 December to contribute to the negotiations of the Global Biodiversity Framework (GBF). As an official observer to the CBD, the Finance for Biodiversity Foundation can participate in the negotiation process of the GBF. In the OEWG-5 meeting, the Finance for Biodiversity Foundation was represented by our co-chair Sonya Likhtman (Federated Hermes Limited) of the Public Policy Advocacy working group.
Thanks to our sponsors who make our presence at COP15 possible