From 30 November to 1 December, 2021 business leaders and policymakers will meet in November at the 2021 European Business and Nature Summit (EBNS) - a high-level political and technical forum - to capitalise on the growing awareness that businesses impact and depend on nature and the ecosystem services it provides. They will aim to mobilise the business community and strengthen the European "Business for Biodiversity movement" called upon by the EU Biodiversity Strategy for 2030....

On June 17 took place the webinar on “Green Finance” and its implementation in different sectors, in which a panel of experts offered their point of view on what does green finance mean within their respective business segment (investment, real state and environmental consulting working with companies from finance industry, energy, agri-food, water, etc.); what challenges the new challenges imposed by the green finance sector faces; what are the new opportunities related the sustainable finance sector; what green finance tools are available; and what actions and steps should be taken in order to promote and apply the green finance principles....

In the framework of Align project, at the beginning of June took place an open webinar on “Integrating biodiversity into natural capital”, where representatives from ASN Bank, BNP Paribas Asset Management and ING Group participated sharing their experience on how they are addressing risks related to natural capital in financial decisions. ...

Nature in Scope is a a report based on nine months of work of work by the five workstreams of the Informal Working Group (IWG) of the Task Force for Nature-related Financial Disclosures (TNFD) set up in September 2020. During these months, we have worked in defining the proposed scope, governance, work plan, communication and resourcing plan for the TNFD to make it available for public distribution. ...

The European Commission has adopted an ambitious and comprehensive package of measures to help improve the flow of money towards sustainable activities across the European Union. By enabling investors to re-orient investments towards more sustainable technologies and businesses, measures adopted will be instrumental in making Europe climate neutral by 2050, and they aim at making the EU a global leader in setting standards for sustainable finance. The package is comprised of an EU Taxonomy Climate Delegated Act, a new Corporate Sustainability Reporting Directive and six Amendments to Delegated Acts on investment and insurance advice, fiduciary duties, and product oversight and governance....

The Align project recently presented has launched its first Annual Survey to gather input from businesses and financial institutions across the EU (and beyond) to develop guidance and recommendations on a standard for biodiversity measurement and natural capital management accounting. Align is a three-year business-focused and business-driven project. ...

The Network for Greening the Financial System (NGFS) and the International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE) have launched a joint Study Group on ‘Biodiversity and Financial Stability’. The objective is respond to the need identified by central banks and supervisors consisted in extending their focus from climate change to the challenges of addressing the implications of broader nature-related risks and the conservation of nature and biodiversity. Doing this will involve understanding the impact of finance on the provision of key ecosystem services as well as the consequences of biodiversity loss for financial stability. To respond to this emerging agenda, the Study Group will conduct a programme of research and dialogue to address these challenges and propose recommendations for action and further inquiry. The goal of the research initiative is to establish an evidence-based approach to how central banks and supervisory authorities could fulfil their mandates in the context of biodiversity loss, with a focus on land-use and deforestation....

The Eurosystem central banks – the 19 national central banks of the euro area countries and the European Central Bank (ECB) – have defined a common stance for applying sustainable and responsible investment principles in the euro-denominated non-monetary policy portfolios that they each manage under their own responsibility. ...

The European Commission has launched a public consultation on the first two sets of criteria for determining which economic activities can qualify as environmentally sustainable, under the EU's Taxonomy. The EU's Taxonomy Regulation, which entered into force on 12 July 2020, will help create the world's first-ever “green list” – a classification system for sustainable economic activities – that will create a common language that investors and businesses can use when investing in projects and economic activities that have a substantial positive impact on the climate and the environment. ...