Principles for Responsible Banking: Guidance for banks. PRB Nature Target Setting Guidance


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Principles for Responsible Banking: Guidance for banks. PRB Nature Target Setting Guidance

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Sustainable investment

Drafted by UNEP FI with the support of signatories to the Principles for Responsible Banking (PRB), the new guidance for setting nature targets aims to help the banking industry act on nature loss and set targets that align with the goals of the Kunming-Montreal Global Biodiversity Programme. Framework (MGB). It was developed in conjunction with a working group of 34 PRB signatory banks with input and technical support from the Working Group on Nature-related Financial Disclosures (TNFD), UNEP's World Conservation Monitoring Centre (WCMC), the Science Based Targets Network (SBTN). , the Secretariat of the Convention on Biological Diversity (CBD) and the Finance for Biodiversity Foundation (FfB), to ensure coherence with emerging financial frameworks for nature. This industry-first guide aims to help banks integrate nature considerations into their core practices and processes to move away from harmful activities while mobilizing financial resources to close the $700 billion annual financing gap for biodiversity.  

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