COP 15 — the 'Paris moment for nature': Is finance on board?

Presented by

UNEP FI, Finance for Biodiversity Foundation, PRI, and Finance@Biodiversity Community

About this talk

Speakers: - Elizabeth Mrema, Executive Secretary of the United Nations Convention on Biological Diversity (CBD) and Co-chair of the TNFD - Eric Usher, Head of UNEP Finance Initiative - Suresh Weerasinghe, Head of Leveling Up & Investments, Aviva - Elías Albagli, Director, Monetary Policy Division, Central Bank of Chile - Emine Isciel, Head of Climate and Biodiversity, Storebrand Asset Management Nature and climate are two sides of the same coin. COP 27 and its biodiversity equivalent COP 15, play important roles in advancing policy responses to the climate and nature crises and providing clarity for the private sector on global goals and pathways for action. The business and financial world’s race towards net-zero emissions will succeed if they race equally fast towards a nature-positive future – and a ‘Paris-like framework’ is pivotal for the public and private sectors to rally behind. The climate crisis cannot be stopped without addressing degradation and loss of nature and biodiversity. In this webinar, we sit down with Elizabeth Maruma Mrema, Executive Secretary of the CBD to learn about what the financial sector can expect from this ‘Paris moment for nature’, at COP 15 in December 2022 in Montreal, Canada under the Presidency of the People’s Republic of China. We will also learn about actions taken by financial institutions to support the halting and reversing of nature loss, speaking with two financial institutions leading the ‘Public Policy Advocacy’ working group of the Finance for Biodiversity Foundation, and influencing an ambitious outcome of the COP 15 negotiations. As fundamental precautionary agents to the financial sector, we will hear from the Central Bank of Chile as well, and their pathway towards embedding nature in their fiduciary duty. The panel will reflect on the demands from and opportunities for the financial sector at COP 15, providing you with the information needed to take action in the run-up, during, and after this landmark event.

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United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 240 financial institutions, including banks, insurers, and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to actively participate in addressing them. UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance practitioners, supervisors, regulators and policy-makers, and, at the international level, by promoting financial sector involvement in processes such as the global climate negotiations.