The role of business in the post-2020 Global Biodiversity Framework

The role of business in the post-2020 Global Biodiversity Framework

The Biodiversity Foundation of the Ministry for the Ecological Transition and the Demographic Challenge (MITECO), within the framework of the Community of Practice of the Spanish Business and Biodiversity Initiative (IEEB), organizes on October 27, from 5:30 p.m. to 7:00 p.m., the webinar “The role of companies and the financial sector in the post-2020 Global Biodiversity Framework”, with the aim of bringing the Spanish business and financial community and other key market players closer to the state of the negotiations of the new framework, what objectives and goals it proposes and what they represent for the economic sectors.

This event comes at a very opportune time, as we are in the final stretch of negotiations for what will be the most important global agreement for the planet’s biodiversity over the next decade.

Next December (7-19), heads of state from around the world will meet in Montreal, Canada, at the 15th Conference of the Parties to the Convention on Biological Diversity (COP 15 CBD) to adopt the post-2020 Global Biodiversity Framework (post-2020 MGB) – the nature equivalent of the Paris Agreement on climate change. This framework is considered by science as our last and best chance to solve the loss of biodiversity and establish an ambitious plan to achieve a nature-positive world by 2030.

Companies and financial institutions will have a decisive role in the implementation of the post-2020 MGB, so during the session we will address what are the implications that the adoption of the framework will have for them and what goals are specifically critical for the business sector and the finance industry.

 

Agenda of the online session:

Moderator: Sonia Ortega – Fundación Biodiversidad

  • 5:30 p.m . – Welcome and presentation of the conference. Biodiversity Foundation.
  • 5:35 p.m. – Taking the temperature on the post-2020 Global Biodiversity Framework (MGB).
  • 5:45 p.m . – The post-2020 Global Biodiversity Framework and the role of business. Oliver Hillel, Head of the Biodiversity, Economy, Transformation and Innovation Unit of the Secretariat of the Convention on Biological Diversity.
  • 6:00 p.m. – The business sector in the negotiation process of the post-2020 Global Biodiversity Framework. Constanza Torres, Advocacy Associate, Business for Nature
  • 6:15 p.m . – Open discussion.
  • 6:55 p.m. Closing

 

REGISTER HERE

 

WHO IS IT FOR?

The webinar is aimed at business professionals from companies of all sizes (listed and unlisted) and sectors of activity, financial sector, third sector, business and professional associations, public administrations and civil society interested in knowing why the post-2020 MGB is relevant for all economic actors, in particular, for companies and financial institutions, and what its adoption will entail.

The event is part of the activities of the IEEB Community of Practice, specifically, in the thematic area focused on the post-2020 Global Biodiversity Framework and the transformation mechanisms that have emerged to support the achievement of global and country-scale objectives aimed at promoting ecosystem restoration and conservation and reversing the current trend of biodiversity loss.

 

CONTEXT AND MOTIVATION OF THE POST-2020 MGB

All economic activities depend on and affect nature. It is estimated that more than half of the world’s GDP is moderately or very highly dependent on nature. However, despite the fact that nature’s vulnerability poses serious macroeconomic and financial risks, and threats to people’s well-being and quality of life, its deterioration continues to decline at an alarming rate, undermining the ecosystem services on which humanity depends.

Against this backdrop, the world has a unique opportunity to establish an ambitious global biodiversity framework to address the environmental crisis associated with biodiversity loss. We must all act, not only governments, but also civil society and companies and financial institutions, since the causes of nature’s decline are deeply rooted in policymaking, citizens’ consumption habits, and the decision-making processes of companies and financial institutions.

In the case of the business sector, it is the main beneficiary of the multiple products and services provided by natural ecosystems and a powerful driver of change; while the financial sector is especially key to redirecting capital flows and promoting transformations in economic, financial and social systems. Therefore, both business and finance representatives must exercise their responsibility and harness its great potential to mobilize action towards a nature-positive world by 2030 (increase the health, abundance, diversity and resilience of species, populations and ecosystems) and in harmony with it (fully recovered) by 2050.

The measures and actions adopted by companies and the financial sector to promote their better environmental performance, to finance sustainable projects, to understand their impacts and dependencies on nature and to report on how they manage them and how they affect both their businesses and portfolios and society will be decisive when it comes to supporting the implementation of the post-2020 Global Biodiversity Framework.

REGISTER HERE

 

Links of interest:

Link to the website of the latest draft of the post-2020 Global Biodiversity Framework: https://www.cbd.int/doc/c/fe3b/0e10/96232d09a74543362551274c/wg2020-04-l-02-annex-es.pdf

Link to Business for Nature’s #MaketiMandatory campaign: https://www.businessfornature.org/make-it-mandatory_es

Noticias relacionadas