Frederick Ryan Wallace

📣 NEW REPORT: Who's not paying their fair share of biodiversity finance? 💰 In 2022, the countries that are Party to the Convention on Biological Diversity adopted the Kunming-Montreal Global Biodiversity Framework to address the growing challenges posed by biodiversity loss. Under this framework, nations agreed to provide at least $20 billion a year to low-income countries by 2025, increasing to at least $30 billion a year by 2030. Our new research assesses each wealthy country’s 'fair share' of the $20 billion target, based on historic responsibility for biodiversity depletion, population and gross national income. So who isn't paying their 'fair share'? ➡️ Only Norway and Sweden met or exceeded their 'fair share'.  ➡️ Japan, Italy, Canada and the UK are the countries most responsible for the shortfall.  ➡️ The US – who are not Party to the Convention – should contribute an extra $12.3 billion on top of the $20 billion target. The collective nature of wealthy countries’ biodiversity finance commitments has enabled some states to evade their responsibilities. But our report makes it clear that contributions must be ramped up to meet next year's target. Their support for the enhancement and restoration of global biodiversity is paramount. Read the report: https://lnkd.in/eZsE6qSY Authors: Laetitia Pettinotti | Yue Cao | Tony Mwenda Kamninga | Sarah Colenbrander

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🌿 Biodiversity Credit Alliance (BCA) released the second issue paper on "Review Mechanisms for Supply-side Quality and Integrity in the Biodiversity Credit Market": https://lnkd.in/dnSHmaKr Manesh Lacoul, Global Coordinator, Biodiversity Credit Alliance, shares his insights: "BCA is about to publish its second issue paper, which delineates the process of developing an independent review mechanism for the emerging biodiversity credit market. BCA work streams are initiated to address the need for equity, quality and integrity early on in the development of the biodiversity credit market to help lay a foundation for its long-term sustainability and success.    Only with strong foundations will the market contribute effectively to global biodiversity conservation goals while upholding ethical standards and promoting social equity as outlined in the Kunming-Montreal Global Biodiversity Framework.   BCA is aligning its efforts to provide ongoing guidance in the direction illustrated in this paper, mobilizing partners and engaging in a broad stakeholder consultation process to establish this key component of the market governance framework.   BCA is also currently in its final preparations for the release of its third issue paper “Definition of a Biodiversity Credit”. Learn more: https://lnkd.in/dx_rniZA #biodiversity #biodiversitycredits #BCA #supply #integrity

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Important step forward for systemic change in the finance sector 🌿   We are thrilled to support Partnership for Biodiversity Accounting Financials (PBAF) and Impact Institute aimed at revolutionising biodiversity knowledge for Financial Institutions (FIs).   In today’s world, integrating biodiversity considerations into risk assessments and decision-making processes is crucial. Randall Krantz Miriam van Gool Global Commons Alliance Science Based Targets Network

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TNFD Releases Draft Guidance on Nature Transition Planning at COP16 The Taskforce on Nature-related Financial Disclosures (TNFD) published a discussion paper offering draft guidance for corporates and financial institutions on developing and disclosing nature transition plans. This guidance aligns with the Kunming-Montreal Global Biodiversity Framework (GBF), which aims to halt biodiversity loss by 2030 and restore ecosystems by 2050. Around the world, people are working towards change, and this is a powerful example of a global effort to protect our natural ecosystems. By providing clear guidance and practical steps, TNFD helps businesses everywhere adopt strategies that contribute to a healthier, more resilient planet. 🌍 🔗 Read the full discussion paper: https://lnkd.in/gqj7rGiB   🔗 Explore the press release: https://lnkd.in/gPHbjj-c What’s Next?  TNFD is inviting feedback from businesses, financial institutions, and stakeholders until 1 February 2025. This input, along with insights from pilot testing, will shape the final TNFD guidance on nature transition plans set for release in 2025. At ESG&I , we’re committed to helping companies integrate these practices globally to create a better, more sustainable future for all. Reach out to us for guidance on incorporating nature and climate-focused ESG strategies into your organization. #TNFD #COP16 #Biodiversity #Sustainability #NatureTransition #GBF #GlobalEffort #BetterFuture #ESG #CorporateSustainability #ESG&I #nature

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🌟The Accountability Accelerator, the European Climate Foundation, and Porticus have joined forces for an interactive workshop on action and accountability during #LondonClimateActionWeek.🌟 🌍 In response to the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework (GBF), it's clear that countries and companies must take urgent action to meet these critical commitments. Increasingly, companies are stepping up with 'net zero' and 'nature positive' pledges, but the real challenge lies in the accountability and implementation of these promises. ✨ This year, COP16 in Cali, Colombia, will be pivotal for advancing the GBF. Next year, COP30 in Belém, Brazil—marking the 10th anniversary of the Paris Agreement—offers a crucial opportunity for aligning climate and nature commitments. It's essential that we ensure these efforts are mutually reinforcing to achieve meaningful outcomes. 🌟 This workshop brings together donors and key actors to explore how a better-aligned 'accountability ecosystem' can help deliver the goals of both the Paris Agreement and the GBF by COP30. 📣 We'll hear from experts, including:     Mardi McBrien, International Sustainability Standards Board (ISSB)     Eva Zabey, Business for Nature (BfN)     Lucca Rizzo, Instituto Clima e Sociedade (iCS)     Charmian (Char) Love, Natura & Co.     Caroline Bryant-Bosa, Porticus     Natasha Milan Matic, Ph.D., GCA Accountability Accelerator     Doree Marentette, European Climate Foundation (ECF) 🎤 Facilitated by Randall Krantz from the Accelerator, this workshop is exploring: 1️⃣ How company commitments on climate and nature can support the aims of the GBF and Paris Agreement. 2️⃣ Lessons from companies' experiences in delivering the Paris Agreement can be applied to the GBF, and vice versa. 3️⃣ The aspiration of climate and nature alignment by COP30 and how COP16 in Cali can serve as a springboard to Belém. We're excited to foster meaningful dialogue and drive impactful action together. Let us know how you can contribute! #ClimateAction #Biodiversity #ParisAgreement #COP16 #COP30 #Sustainability #CorporateCommitments #Accountability #NaturePositive #NetZero

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COP16 on Biodiversity🇨🇴: New fund or no New Fund, are we ready to pay the price? Halfway through the negotiations in Cali, the question on resource mobilization for biodiversity is a divisive one. Developing countries are calling for a new fund, citing current mechanisms that are too bureaucratic to enable rapid and effective implementation of the Global Biodiversity Framework (KMBF). Developed countries, on the other hand, are concerned about the costs and delays that such a fund would entail. With COP16 aimed at the concrete implementation of the KMBF, the financial needs are crying out: the 20 billion mobilized are insufficient to support urgent action on the ground. And we're here to remind world leaders that it's crucial to ensure that indigenous peoples and local communities have direct access to funds to develop their own solutions for protecting forests and biodiversity. 👉 Rich countries must honor their financial commitments, and developing countries must make their voices heard for accessible, effective and immediate resources. #COP16 #DirectFundforIPLCs #Biodiversity

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📢 B-Cubed policy brief now on #HorizonResultsPlatform 👀 ✍ Our recommendations for implementing #FAIRprinciples in biodiversity monitoring are now available 💡 🌐 Access guidance on improving global biodiversity data collection and reporting under the Kunming-Montreal Framework (#KMGBF) 📊 👉 Find it here: https://lnkd.in/dKD4jsTc

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📢Climate Adaptation session at Impact Europe's Business of Impact + Capital Ideas on 13 June🌎 Stephan Peters from ICFA, Antoine Pugliese (WWF-France) and David Ferreira (Latimpacto) together with moderator Cindy Helfer Berget (Dalberg Advisors) will explore the intertwined nature of environmental and social challenges in areas such as health, agriculture, and migration. Panellists will then share their experience on innovative strategies for promoting climate adaptation and building more resilient communities, delving into 3 topics: 💡 Current Solutions and Challenges to build #climate #resilience 🔦 Policy and Regulation to guide and support effective #adaptation measures across sectors like infrastructure, agriculture, and water management 🔆 Future Trends and Opportunities for climate adaptation #impact #investing #climate #adaptation

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📢 🍃📏 The fourth edition of ‘Biodiversity Measurement Approaches – A Practitioner’s Guide for Financial Institutions’ has been released today at COP16 in Cali, Colombia. Presented during an event on biodiversity measurement approaches at the Finance and Biodiversity Pavilion, with a panel of experts in the field, this comprehensive guide was developed by the Finance for Biodiversity Foundation and the EU Environment and Climate Business & Biodiversity Platform. Expanding on the work laid by its previous editions, the Guide’s fourth edition offers information and assistance to financial institutions in understanding the existing approaches for measuring their interactions with biodiversity.   ❗What's new in this edition? The fourth edition of the Guide contains: - Three new tools, bringing the total number of tools to 11 - Updated information for all tools and new case studies per tool - Updated sections on data challenges and measurement recommendations for financial institutions - Criteria for assessing and describing the tools 100% aligned with the upcoming sister Update Report 5 from the EU Business and Biodiversity Platform (Workstream Methods) We extend our thanks to the organisations who developed the eleven tools included in the guide: Global Canopy, United Nations Environment Programme Finance Initiative (UNEP FI),UNEP-WCMC, BirdLife International, Conservation International, IUCN, WWF, CDC Biodiversité, Carbon4 Finance, Icebergdata Lab, PRé Sustainability and CREM - Biodiversity Footprint for Financial Institutions, ASN Bank, Impact Institute, MSCI Inc., ISS ESG and S&P Global S1 Read and download here 👉 https://lnkd.in/deeJcwk6 #FinanceforBiodiversity #measurement #COP16Colombia

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🎉The fourth edition of the ‘Biodiversity Measurement Approaches – A Practitioner’s Guide for Financial Institutions’ is now available! The aim is to provide comprehensive information on how to measure biodiversity impact and dependencies for financial institutions. The updated guide now offers 11 measurement tools, including the Biodiversity Footprinting for Financials (BFFI) methodology which we co-developed with ASN Bank and CREM. 🔗 Read and download the guide:  https://lnkd.in/deeJcwk6 #biodiversity

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Sponteneous hugs, tears of joy and applause erupted in the plenary at COP16 as the parties adopted the permanent subsidiary body for Indigenous interests under the Convention on Biodiversity. But the COP16 Colombia nature summit also highlighted the fact that countries have not met the expectations of the Global Biodiversity Framework, adopted two years ago. Therefore, much of the negotiation has been centered around how to revitalize the global effort for the protection of global biodiversity, including it’s hotspots such as tropical rainforests. «COP16 is the start of a sprint towards next year's climate summit in Brazil. The key to success is more money for nature conservation. ‘Rich countries must manage to find more support in their state budgets and give clear guidelines to private sector so that investments are shifted from nature-damaging to nature-enhancing solutions,» said Tørris Jæger Executive Director of Rainforest Foundation Norway. This COP’s absolute highlight? The agreement to tax companies benefiting from genes from nature in their products such as medicines, costumes, biotechnology and farming. The parties agreed on a genetic information fee of 0.1 percent of companies’ revenues from products derived from such information. The funds will be largely channeled back to indigenous people and local communities living in and managing the biodiversity that the gene information derive from. #cop16 #Colombia #biodiversity #rainforest #DSI #8j #30x30 #CBD https://lnkd.in/dVd5GpAB

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Nature underpins the global economy, yet it’s being lost at an unprecedented rate—threatening the natural systems crucial for poverty alleviation and securing food, water, and livelihoods. The sector-specific Taskforce on Nature-related Financial Disclosures (TNFD) framework is pivotal in assessing and disclosing nature-related risks, opportunities, and impacts. However, businesses must champion a nature-positive future that goes beyond their own operations. Listen to the latest episode of edie’s #SustyTalks podcast, where ICMM’s Rohitesh Dhawan shares insights on how ICMM is driving a nature-positive future through collective industry action: https://lnkd.in/eSWV-sRk

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As #COP16 approaches, don’t miss these two great pieces by Ruth Davis #KMGBF #naturefinance published by @TESSForum on: 👉 The Transition to an Economy That Values Nature, in a policy brief: https://bit.ly/4eBkuJu 👉 Reforming Financial Systems & the Transition to an Economy That Values Nature, in our Synergies series: https://bit.ly/3TMl3Ib Together, she highlights: ➡️ why the value of healthy ecosystems & a thriving #biodiversity is not reflected in investment decisions due to sustained market failure ➡️ why fundamental reforms are needed to tilt financial incentives away from nature's destruction towards its protection & restoration ➡️ why the future landscape for #naturefinance needs to be shaped by those who are on the front line of #nature protection https://bit.ly/4eBkuJu

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🌍 Closure of COP16 Colombia on Biodiversity in Cali: Promising advances amidst ongoing challenges!   COP16 concluded with significant progress toward preserving global biodiversity, despite some unresolved issues:   💰 $400 million pledged to the Global Biodiversity Framework Fund as a crucial step in supporting developing nations – yet representing less than 2% of the $20 billion promised by 2025. 🌍 Highlighted need to address climate change and biodiversity loss in synergies at national and international policy levels, supporting biodiversity-enhanced nature-based solutions worldwide. 🧬 Creation of the Cali Fund ensuring equitable sharing of benefits from genetic data: pharmaceuticals, cosmetics and other sectors expected to pay 1% of their profits to the Indigenous People. 🌿 Strengthened representation for Indigenous communities, recognized as stewards of biodiversity through article 8.   ⏳ Until now, 119 countries have disclosed biodiversity targets, but only 44 have published their National Biodiversity Strategies & Action Plans (NBSAPs), with no specific deadline or harmonized monitoring process. The private sector urgently needs to get involved. Removall Carbon supports businesses and remains committed to a future where sustainability and biodiversity go hand in hand!    #COP16 #Biodiversity #Environment #Cali #SDG6 #KMBF #COP16Colombia #Removall

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📣 We need much more progress and much greater alignment of the biodiversity and climate agendas reflected in decisions at #COP16Colombia “The biodiversity goals’ 2030 deadline exists for a reason: biodiverse, resilient ecosystems are the foundation of our economies and wellbeing. A bad outcome here isn’t just bad news for wildlife; it undermines food security, water quality, disaster resilience and economic stability. It worsens climate impacts of record-breaking heat, wildfires, floods and droughts,” said Prof Nathalie Seddon in #TheGuardian today. ➡️ Read the full article 🔗 https://lnkd.in/drHapXcM 🌍 Explore the key role of #naturebasedsolutions for economic recovery in our latest paper 🔗 https://lnkd.in/gCZ2YEJb #EconomicRecovery #Nature #Climate #Wellbeing #COP16Colombia #PeacewithNature #TheGuardian

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With #COP29 in the rear-view mirror, the AFi reflects on key outcomes from the summit and important developments related to food systems and agriculture. Highlights from the summit included: 💰 $300bn of climate finance per year was agreed as part of the discussions to create a New Collective Quantified Goal, as outlined by the Paris Agreement in 2015. 🇧🇷 Brazil launched its updated Nationally Determined Contribution (NDC), announcing its intention to reduce emissions by 67% by 2035, compared to 2005 levels. 🤝 An Indigenous Peoples Troika was created by leaders from Australia, Brazil, Eastern Europe and the Pacific. 🚜 The FAO announced the creation of the Baku Harmoniya Climate Initiative for Farmers, a new platform for farmers as part of the agrifood transformation efforts. 📉 30+ countries signed the Declaration on Reducing Methane from Organic Waste, which aims to cut methane levels by 30% (compared to 2020 levels) by 2030. Despite this progress, mentions of food and agriculture were largely absent from the high-level outcomes of the summit. Considering land sector greenhouse gas (GHG) emissions account for ~25% of all anthropogenic GHG emissions, the lack of dedicated action to address the role of the land sector is worrying. Many AFi Coalition members were on site at the summit to host events and convene important discussions between key stakeholders. Read our full debrief with updates and statements from Coalition members in the blog linked below 👇 🔗 https://lnkd.in/e-q8m87Q

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The Biodiversity Consultancy and WWF Switzerland unveiled the report ‘Articulating and Assessing Biodiversity Impact: A Framework to Support Investment Decisions’ on April 23, 2024. The report introduces the Biodiversity Impact Assessment Framework (BIAF), a framework method that enables investors and businesses to assess and estimate the biodiversity impacts of their investments or projects quantitatively. Developed by the experts at The Biodiversity Consultancy with WWF Switzerland’s support BIAF offers a clear, comparable way to measure positive impacts on biodiversity.   Visit our website to find out more about BIAF.   #Biodiversity #ImpactInvestment #Nature #ImpactAssessment https://lnkd.in/e2ycfpnP

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With the High-Level Segment of #COP16 fast approaching on 29-30 October, we urge policymakers to take bold action to align financial flows with the Global Biodiversity Framework. Our policy paper, Aligning Financial Flows with the GBF, lays out 13 actionable steps across four key recommendations that will be essential to achieving Targets 14, 15, 18, and 19, empowering the private sector to actively combat biodiversity loss by 2030. This is our call to align policy with the urgent, global need to protect nature: we need policy environments that enable real, sustainable progress from financial institutions. Let’s create the roadmap for a nature-positive future—starting now. Read more about our recommendations 👉 https://lnkd.in/d8Ti_mXn A special appreciation to Sonya Likhtman (Federated Hermes Limited), Emine Isciel (Storebrand Asset Management), co-chairs of the Public Policy Advocacy working group, and Suresh Weerasinghe (Aviva), Chair of the Advisory Board.

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