The Finance for Biodiversity Foundation is supporting the Leaders Pledge for Nature
21 September 2022 – The Finance for Biodiversity Foundation is officially supporting the Leaders’ Pledge for Nature (LPN), an ambitious statement endorsed by 94 parties and more than 100 private institutions aiming to put biodiversity on a path to recovery by 2030.
By doing so, the Finance for Biodiversity Foundation hopes to participate in addressing the challenges and opportunities outlined under LPN Commitments 7 (mainstreaming) and 9 (financial reform) globally, thereby helping to transition towards a global nature-positive economy.
Details of Commitments 7 (mainstreaming) and 9 (financial reform) of the Leaders Pledge for Nature:
7. We commit to mainstreaming biodiversity into relevant sectoral and cross-sectoral policies at all levels, including in key sectors such as food production, agriculture, fisheries and forestry, energy, tourism, infrastructure and extractive industries, trade and supply chains, and into those key international agreements and processes which hold levers for change, including the G7, G20, WTO, WHO, FAO, and UNFCCC and UNCCD. We will do this by ensuring that across the whole of government, policies, decisions and investments account for the value of nature and biodiversity, promote biodiversity conservation, restoration, sustainable use and the access to genetic resources and the fair and equitable sharing of benefits arising from their utilization.
9. We will strengthen all financial and non-financial means of implementation, to transform and reform our economic and financial sectors and to achieve the wellbeing of people and safeguard the planet by, inter alia:
a. Incentivizing the financial system, nationally and internationally, including banks, funds, corporations, investors and financial mechanisms, to align financial flows to environmental commitments and the Sustainable Development Goals, to take into account the value of nature and biodiversity, promote biodiversity conservation, restoration and its sustainable use in their investment and financing decisions, and in their risk management, as well as including through encouraging the use of taxonomies;
b. Enhancing the mobilization of resources from all sources, public and private, maximizing the effectiveness and efficiency of the use of existing resources and facilitating access to support where needed, in order to significantly scale up support for biodiversity, including through nature-based solutions, which contribute effectively not only to the achievement of biodiversity and climate goals, but to sustainable development, livelihoods and poverty alleviation where needed;
c. Eliminating or repurposing subsidies and other incentives that are harmful to nature, biodiversity and climate while increasing significantly the incentives with positive or neutral impact for biodiversity across all productive sectors;
d. Improving the efficiency, transparency and accountability in the use of existing resources, including through co-benefits, finance tracking and reporting frameworks.
- Discover the website of the Leaders’ Pledge for Nature
- Read the text of the Leaders’ Pledge for Nature
- Finance for Biodiversity Foundation at the event: ‘Countdown to COP15: Landmark Leaders’ Event for a Nature Positive World’