Presented by UNEP FI, Finance for Biodiversity Foundation, EU Finance@Biodiversity Community and PRI
New Green Shoots 2023: Latest trends and innovations in nature finance
30 January 2024, 14:00-15:15 CET
With nature and biodiversity declining at an unprecedented rate, and developments such as the adoption of the Kunming-Montreal Global Biodiversity Framework (GBF) and the launch of the Taskforce on Nature-related Financial Disclosures (TNFD) framework, nature topics have been attracting increasing level of attention by the financial sector.
Thanks to this, innovations with the ultimate goal of halting and reversing biodiversity loss have been taking place in nature finance. Since 2022, the annual New Green Shoots webinar has been kicking off the new year with a review of the latest innovative nature finance products that have come onto the market. This year, without exception, the webinar will introduce you to the emerging trends in nature finance from the past year, and highlight a few innovative products and mechanisms with high potential to scale the market.
You may also be interested in ONet's e-learning catalogue on biodiversity law and finance.
Experts may also be interested in the ongoing Business and biodiversity assessment: IPBES will be seeking your insights as an external reviewer later this year. Join ONet and the Stakeholder Registry to stay tuned.
About the organisers
UNEP Finance Initiative
For more than 30 years the initiative has been connecting the UN with financial institutions from around the world to shape the sustainable finance agenda. We’ve established the world’s foremost sustainability frameworks that help the finance industry address global environmental, social and governance (ESG) challenges.
Convened by a Geneva, Switzerland-based secretariat, more than 500 banks and insurers with assets exceeding US$170 trillion work together to facilitate the implementation of UNEP FI’s Principles for Responsible Banking and Principles for Sustainable Insurance, as well as three UN-convened net-zero alliances. Financial institutions work with UNEP FI on a voluntary basis and we help them to apply the industry frameworks and develop practical guidance and tools to position their businesses for the transition to a sustainable and inclusive economy.
Finance for Biodiversity Foundation
The aim of the Foundation is to support a call to action and collaboration between financial institutions via working groups, as a connecting body for contributing signatories and partner organizations.
Our mission: “Supporting a call to action and collaboration among financial institutions to reverse nature loss this decade”
The number of members is growing and currently stands at 73 financial institutions. Foundation members can join the four working groups that are currently active: Engagement with companies, Impact assessment (incl. biodiversity measurement and data), Public policy advocacy, and Target Setting.
EU Business & Biodiversity Platform
The European Business & Biodiversity Platform is set up by the European Commission to work with and help business measure and integrate the value of biodiversity into business decision making.
The Platform's main aim is to mobilise a critical mass of business actors in Europe and beyond to deliver the EU Biodiversity Strategy targets by 2030 and secure "a world of living in harmony with nature" by 2050, as called upon by the Kunming-Montreal Global Biodiversity Framework.
PRI – Principles for Responsible Investment
The PRI is the world’s leading proponent of responsible investment. It works:
- to understand the investment implications of environmental, social and governance (ESG) factors;
- to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.
The PRI acts in the long-term interests:
- of its signatories;
- of the financial markets and economies in which they operate;
- and ultimately of the environment and society as a whole.
Photograph by Francesco Gallarotti on Unsplash.