Representative of Amundi spoke at the High-Level Plenary during COP15 Biodiversity Summit
Role of financial institutions and appropriate regulatory measures need to be reflected in Global Biodiversity Framework
On behalf of the Finance for Biodiversity Foundation, Jean-Jacques Barbéris, executive committee member of Amundi, and Head of institutional and corporate clients division & ESG, spoke during the High-Level Segment plenary session of the COP15 Biodiversity Summit today. Barbéris emphasised that there is strong support within the finance community for addressing biodiversity loss and that this needs to be reflected in an ambitious and effective Global Biodiversity Framework supported by appropriate regulatory measures and financial incentives.
“The next draft of the Global Biodiversity Framework should more accurately reflect the sense of urgency and the level of ambition required to protect and restore biodiversity. It is essential that the Post-2020 Global Biodiversity Framework highlights the role those financial institutions and the private sector can and should play in delivering the 2030 milestones and the 2050 goals,” says Barbéris.
References to text proposals and statement
The speech of Barbéris referred to the text suggestions that the Finance for Biodiversity Foundation (Sonya Likhtman, the international business of Federated Hermes and chair of the Public Policy Advocacy working group) made for target 14 and 15 in the draft of the Global Biodiversity Framework during the Open Ended Working Group 3 last summer. Moreover, he mentioned the Financial Institutions Statement COP15 launched by 78 financial institutions and coordinated together with Ceres last month.
The 15th meeting of the Conference of the Parties to the Convention on Biological Diversity (CBD), known as COP15, kicked off on Monday afternoon in Kunming, China. The meeting is set to be held in two parts. The first part, scheduled for October 11 to 15, is held both offline and online. Representatives are expected to focus on the development of the post-2020 Global Biodiversity Framework to guide conservation actions worldwide through 2030 and the parties have adopted the Kunming Declaration. The second part of the meeting, to be held offline in April/May 2022, is expected to see the finalisation and adoption of an ambitious and practical post-2020 Global Biodiversity Framework.
Read the full speech of Jean-Jacques Barbéris here
Watch the full speech of Jean-Jacques Barbéris here