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.
Provide direction by adopting a clear and ambitious mission with measurable milestones
- 1. Adopt the mission to halt and reverse biodiversity loss by 2030.
Enable meaningful and constructive business contributions in the Framework implementation
- 2. Set 2030 targets that are SMART, relevant and actionable by all actors, including businesses.
- 3. Provide a clear role for businesses and financial institutions in the Framework.
Embed and value nature in all decision-making at all levels
- 4.Support the integration of nature in all decision-making to go beyond short-term profit and GDP.
- 5. Mainstream biodiversity across all levels of government, society and economic sectors.
Rethink incentive mechanisms and resource mobilization: end harmful subsidies and promote innovative solutions
- 6. Eliminate and redirect all subsidies and incentives that are harmful for biodiversity.
- 7. Promote the rapid development and implementation of innovative financial solutions.
Align, integrate and ensure the implementation of the Framework
- 8. Adopt a robust monitoring, reporting and reviewing mechanism, including a ratchet mechanism.
- 9. Pursue an integrated approach to delivering on the objectives of both the CBD and the UNFCCC
Read on at BfN
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