Authored by the UNEP FI with the support of Principles for Responsible Banking (PRB) signatories, the new nature target-setting guidance aims to help the banking industry act on nature loss and set targets to align with the objectives of the Kunming-Montreal Global Biodiversity Framework (GBF). It was co-developed with a working group of 34 PRB signatory banks with input and technical support from the Taskforce on Nature-related Financial Disclosures (TNFD), UNEP-World Conservation Monitoring Center (WCMC), the Science Based Targets Network (SBTN), the Convention on Biological Diversity (CBD) Secretariat and the Finance for Biodiversity Foundation (FfB), to ensure consistency with emerging nature finance frameworks. This industry-first guidance aims to help banks integrate nature considerations into their core practices and processes to shift away from harmful activities while mobilizing financial resources to bridge the annual $700 billion biodiversity finance gap. Download the full guidance above.
- Executive summary – Download the executive summary, with key messages and a summary of recommended targets & actions for banks to address nature loss, here.
- Nature case studies – Read the series of 15+ case studies from 10 banks to showcase existing practices in nature-related finance, policies, strategy, and client engagement here.
- Key sector mapping & action guidance – Find a consolidated list of key sectors for nature, based on existing mappings, including recommendations and guidance to assist with the next engagement steps for priority sectors here.