Kunming-Montreal Global Biodiversity Framework: from the drawing board to action

Presented by

UNEP FI and CDC Biodiversité

About this talk

The UNEP Finance Initiative & the B4B+ Club decided to collaborate and co-organize a webinar destinated to their respective members – around the implications of the newly adopted Kunming-Montreal Global Biodiversity Framework (GBF) for financial institutions. Through this historic global agreement, nations agreed on four overarching goals for 2050 and 23 global targets for 2030 – to address the unprecedented loss of biodiversity and to restore and protect natural ecosystems. The aim of the webinar is also to help banks set targets related to the newly adopted GBF. Target 15 require large and transnational companies and financial institutions to monitor, assess, and disclose their risks, dependencies and impacts on biodiversity along their operations, supply and value chains and portfolios in order to progressively reduce negative impacts on biodiversity, increase positive impacts, reduce biodiversity-related risks to business and financial institutions, and promote actions to ensure sustainable patterns of production.

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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.