COP15 in December 2022 saw the revision of new and ambitious targets in the most recent Global Biodiversity Framework (GBF), recognising the critical need to halt biodiversity loss and preserve nature. Of interest to note is language highlighting near mandatory adoption of disclosures, an apex target of '30 by 30' - or 30% of the Earth's land and sea protected by 2030, and the unprecedented participation of the finance sector, indicating tailwinds for the adoption of considerations. NatureAlpha was privilelged to participate in the official line-up on Finance & Biodiversity Day. Key points for financial organisations and corporates include the following three trends:
1) Targets 2 & 3: A commitment to an apex target of ‘30 by 30’: protection of 30% of earth’s land and water by 2030
2) Target 15: Close to mandatory disclosures for large and transnational organisations and reference to finance organisations, and recognition of voluntary disclosure initiatives such as the Taskforce on Nature-related Financial Disclosures (TNFD): This includes Target 15 which states that organisations should (a) Regularly monitor, assess, and transparently disclose their risks, dependencies and impacts (...) along their operations, supply and value chains and portfolios"
3) Unprecedented engagement with stakeholders across the finance sector, resulting in greater awareness and action