Investors have praised a new draft Global Biodiversity Framework that includes targets for financial institutions and companies.
The UN Convention on Biological Diversity (CBD) Secretariat has released the first official outline of the Framework, which will be presented at October’s Conference of the Parties to the Convention on Biological Diversity (COP15) in China.
Andrew Mitchell, founder of non-profit groups Global Canopy and the Natural Capital Finance Alliance, told RI: "What we need is a kind of Paris Agreement for nature - that's what the Convention on Biological Diversity is trying to deliver, but it is hard in the absence of a currency like a tonne of CO2, and a target like 2 degrees.”
The draft identifies 21 targets and 10 goals to help meet the UN’s objective of “living in harmony with nature” by 2050, including a proposal that businesses disclose their dependencies and impacts on biodiversity. It also suggests ensuring that …