It has been a few months since the Kunming-Montreal Global Biodiversity Framework (GBF) was officially adopted by 196 countries at the 15th Conference of the Parties to the Convention on Biological Diversity (COP15). Translating the broad goals and vague formulations of the GBF into concrete actions relevant to different market participants, however, takes time and dedicated effort.
For the investment community, a welcome instalment in this direction is a new report co-authored by the United Nations Environment Programme Finance Initiative (UNEP FI), the Principles for Responsible Investment (PRI), and the Finance for Biodiversity (FfB) Foundation, launched on 21 April, Stepping up on biodiversity: What the Kunming-Montreal Global Biodiversity Framework means for responsible investors. The authors of the report seek to provide guidance and advice specifically for investors looking to align their activities with the goals of the GBF.
