Setting targets and assessing nature? Yes, finance can!

Presented by

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

About this talk

A growing community of financial institutions recognise the critical role the finance sector plays in addressing the global biodiversity crisis and are taking action to address this. This includes the 100+ signatories of the Finance for Biodiversity Pledge, the 70+ members of the PRB Biodiversity Community, the 30+ signatories to the financial sector commitment letter on eliminating commodity-driven deforestation, or the nearly 40 financial institutions that together with UNEP FI is piloting the draft TNFD framework. But commitments need to be paired with action. Efforts to set concrete targets to ‘reverse nature loss’ or become ‘nature positive’ are underway but various challenges remain to be addressed to mainstream these practices across the market. In this session, we have invited top scientists and practitioners from the financial sector. We will learn from financial institutions that are committed to nature, setting concrete targets and monitoring progress, showcasing that it can be done, as well as hearing reflections from scientists. The finance representatives will use this unique occasion to ask the scientists for their perspective on ongoing initiatives and on the gaps that remain to be tackled to drive the sustainable finance transition.
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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.