UNEP FI is inviting financial institutions to sign an ambitious new statement calling on world leaders to agree a global economic plan for halting and reversing nature loss, during the UN Biodiversity Conference (COP15) starting in early December.

 

The statement is open for signatures until 9 December*. View it here.

Against the backdrop of a volatile world, humanity is facing a triple planetary crisis of climate change, biodiversity loss and pollution, impacting millions of people today, especially the most vulnerable, and future generations. Coordinated action is needed.

We cannot reach net-zero without halting and reversing nature loss, and we cannot tackle biodiversity loss without tackling climate change. We, the financial community, have a role to play in this complex ecosystem. And increasingly, the financial sector is stepping up to the biodiversity challenge.

But voluntary action is not enough. We take inspiration from the Paris Climate Agreement where Article 2.1(c) set a clear mandate for countries to require the financial sector to align its activities with climate goals. COP15 provides a unique chance to get a similar policy mandate in respect of the financial sector and biodiversity.

UNEP FI, together with the Principles for Responsible Investment (PRI) and the Finance for Biodiversity Foundation, has drafted this statement to call for an ambitious Global Biodiversity Framework (GBF) at COP15.

Governments must provide an agreement that creates the clarity and action to align all economic actors, including finance, to halt and reverse nature loss, and contribute to Nature-based Solutions to climate change, a fair and just transition, and other sustainable development challenges.

If you have any questions regarding the statement, please consult this Frequently Asked Questions document.

*We have decided to extend the signing-on period until Friday 9th of December, from the original deadline of 25th of November. We will be making a first announcement, directly to the Convention on Biological Diversity, as part of the Open-Ended Working Group meetings (3rd-5th of December) with the current number of signatures and associated AUM at that point. The announcement of the final number of signatures and associated AUM will be made as an exclusive in a media outlet on Tuesday 13th of December, the day before the official CBD Finance Day at COP15. We would like to thank the over 100 financial institutions that have already provided their support to this Statement, and hope that this additional time will provide the opportunity needed for more financial institutions to add their signatures.

Sign the Statement here