Business for Nature (BfN) coalition welcomes the many improvements and specificities that have been included in draft 1 of Post-2020 Global Biodiversity Framework recently published by the Convention on Biological Diversity (CBD), in particular the recognition of the role of business in co-leading the transformation. Members of BfN also congratulate Parties for acknowledging the need to value and embed nature in all decision-making by mainstreaming nature in all sectors. They particularly welcome the target on the role of business as a first step in making businesses actors of positive change. However, these key elements still need to be strengthened, improved and refined. However, they remain concerned that the overall ambition and sense of urgency is not strong enough to halt and reverse nature loss by 2030, secure a nature-positive future and ensure that people can live in harmony with nature by 2050.
Business for Nature states that there are still several shortcomings in draft 1 that jeopardize the success of the Framework. Thus “we must learn from the failure of achieving the Aichi Biodiversity Targets: Parties must agree on an ambitious global goal for nature and define what is needed to halt and reverse today’s catastrophic loss of nature, starting now”, BfN affirms.
The Framework must reflect the strong political signals from leaders including from the G7 Nature Compact and the 88 Heads of State and the EU who have signed the Leaders Pledge for Nature. Alongside the ambition there must be SMART targets supported by a comprehensive monitoring framework using appropriate indicators, backed by a robust and transparent implementation system with a ratchet mechanism.