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Strengthening International Cooperation for Impactful Disclosures on Nature and Biodiversity

May 28, 2024

The Kunming-Montreal Global Biodiversity Framework (GBF), recently named as “The Biodiversity Plan:  For Life on Earth”, is a critical agreement in global conservation, finalised after extensive consultations and ratified at COP 15. It supports the Sustainable Development Goals (SDGs) and builds on past strategic plans of the Convention on Biological Diversity (CBD).  

The GBF aims for harmony between human activities and nature by 2050, with four major goals for 2050 and 23 targets for 2030. Among these, Target 15 “Businesses Assess, Disclose and Reduce Biodiversity-Related Risks and Negative Impacts” urges financial and non-financial institutions to address biodiversity-related risks and impacts. This target demands businesses assess, disclose, and reduce their biodiversity impacts, while governments should create supportive legal and policy frameworks.  

Recognising the key role of the GBF Target 15 on disclosure on nature and biodiversity, our technical note:    

  • Shines a spotlight on sustainability disclosures, highlighting their importance as tools for transparency and accountability. 
  • Zooms in on current sustainability disclosure developments and the state of play regarding the topic of biodiversity and nature, underscoring the urgency of concerted action to safeguard our planet’s natural heritage. 
  • Examines the pivotal role of the G20 in shaping coherent regulatory frameworks for sustainability disclosures, in the topical area of nature and biodiversity, on a global scale. 

Special thanks to our partner CDP for their contributions to this technical note.   

This technical note is an outcome from the Enhancing Sustainable Finance Instruments Within Brazil’s G20 Presidency project with the support of the Post 2020 Biodiversity Framework – EU Support project, funded by the European Union and implemented by Expertise France.