G7-G20 Track 2 Dialogue with Indonesia
Corporate Diclosure Helps to Protect Climate and Nature
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Credit: Nanang Sujana/CIFOR -
Clownfish Repopulation - Credit: Giacomo d'Orlando / Climate Visuals
December 13, 2022
Currently, there are many initiatives under development that are aimed at improving corporate climate and nature focused disclosure frameworks. Examples include the ISSB, GRI, the EU Supply Chain and Deforestation Law, and the Post-2020 Global Biodiversity Framework. Due to all the different initiatives, it can be difficult to see the forest through the trees. This project aims to shed light on a number of these initiatives and build bridges between Germany and Indonesia to increase cooperation on disclosure.
What?
We want to improve cooperation between the EU and Indonesia on corporate disclosure legislation
Funded by Germanwatch and the German Federal Ministry of Cooperation and Development (BMZ), the project aims to increase the cooperation between the Germany and the European Union, and Indonesia on topics related to biodiversity disclosure. Both the Indonesian and European perspectives are vital to ensure that legislation tackling these issues is effectively implemented. We aim to build a bridge between policy makers, businesses, and academics from both sides.
Why?
Corporate disclosure is vital to combat the biodiversity crisis
Around half of the world’s GDP is at least moderately dependent on biodiversity. If the biodiversity crisis continues as is, a large amount of these activities will not be possible (or profitable!) anymore. To ensure that companies around the world take this into account when making investment decisions, corporate disclosure can inform companies of their own impact as well as their dependencies on biodiversity.
How?
Outreach through events and COP15 participation
The dialogue between Indonesia and the EU was conducted through a webinar series. We hosted two webinars with our Indonesian partners, the Institute of Technology Bandung (ITB). Read our “webinar recap” on the website or find more resources down below.
More information and resources:
For the first session, you can find the presentation materials here, and the recorded webinar here. For the second session, you can find the presentation materials here, and the recorded webinar here. If you have any questions or suggestions regarding this topic, feel free to reach out to us! We would love to get in touch.
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