Fifth update of our measurement guide and sixth update of our overview of initiatives
21 November 2022 – The Finance for Biodiversity Foundation has published the fifth update of the Guide on Biodiversity Measurement Approaches and the sixth update of the Overview of Initiatives for Financial Institutions on Biodiversity. In this fifth update of the measurement guide, we updated the maturity of the tools and included a new pressure category, as well as a new use case on marine biodiversity. In the Overview, we updated the activities and publications of the 19 initiatives listed, including the re-launch of NatureFinance.
The goal of these guides is to provide financial institutions with information on the kinds of biodiversity measurement tools that are available and in use by financial institutions, as well as on the activities of the different finance and biodiversity initiatives.
The Guide on Biodiversity Measurement Approaches was launched during a webinar in April 2021. It provides a comprehensive overview of now seven tools for measuring biodiversity currently in use by financial institutions: BFFI, BIA-GBS, CBF, GBSFI, GID, ENCORE and IBAT. This Guide was compiled by the Finance and Biodiversity Community (F@B Community) and workstream Methods, both of which are part of the EU Business@Biodiversity Platform, and the Finance for Biodiversity Foundation.
In this fifth quarterly update, ‘non-GHG air pollution’ was added as a new pressure category in Table 3 (page 12), a new case study was included on ‘Measuring Marine Biodiversity’ (page 40), and the maturity levels of the tools were updated. The maturity levels show how often each tool has been applied by financial institutions to organisational focus areas, business applications and asset categories. The Guide was updated in April 2022 with the publication of its second edition, while this update focused on the earlier-mentioned items.
Overview of initiatives
The Overview of Initiatives for Financial Institutions is meant to help financial institutions find their way amongst the initiatives that work at the intersection of biodiversity and finance. It was launched in April 2021 by the Finance for Biodiversity Foundation, UNEP FI, the PRI, and the Finance@Biodiversity Community. In this sixth quarterly update, we updated the activities and publications of the 19 initiatives listed, including the launch of the High Ambition Group of the Good Food Finance Network co-led by UNEP FI, and the launch of the Nature-related Data Catalyst by the TNFD. This update also provides information on the relaunch of NatureFinance (formerly Finance for Biodiversity Initiative).
As the biodiversity movement is developing rapidly, we aim to continue updating the Guides and Overview of initiatives every year. Feedback and input to be included in the next updates of these documents can be sent to firstname.lastname@example.org.