Biodiversity: Finance and the Economic and Business Case for Action
The Convention on Biological Diversity’s 15th Conference of the Parties (CBD COP15) in 2020 marks a critical juncture for one of the defining global challenges of our time: the loss of biodiversity and ecosystem services, which underpin nearly all of the Sustainable Development Goals (SDGs).
Transformative changes are needed to ensure biodiversity conservation and sustainable use and the delivery of the ecosystem services upon which all life depends. This report sets the economic and business case for urgent and ambitious action on biodiversity. It presents a preliminary assessment of current biodiversity-related finance flows, and discusses the key data and indicator gaps that need to be addressed to underpin effective monitoring of both the pressures on biodiversity and the actions (i.e. responses) being implemented. The report concludes with ten priority areas where G7 and other countries can prioritise their efforts.
The business case for biodiversity action
There exists a strong business case for scaling up action on biodiversity. This chapter highlights how businesses depend on and impact biodiversity. It underscores the importance of acknowledging and measuring these dependencies and impacts for managing biodiversity-related risks, and harnessing new business opportunities. The chapter then discusses emerging tools, methodologies and initiatives to account for and integrate biodiversity into the decisions of business and financial organisations. Finally, the chapter recommends the creation of a multi-stakeholder advisory group on biodiversity, business and finance, to advise on the adoption of a common approach for measuring and integrating biodiversity in business and investment decisions in support of the post-2020 global biodiversity framework.
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