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Nature for Life Hub 2020

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  1. Day 1: SDG Day
    4Activities
  2. Day 2: Business and Finance Day
    4Activities
  3. Day 3: Global Ambition Day
    5Activities
  4. Day 4: Local Action Day
    5Activities
Nature for Life Hub 2020 Day 2: Business and Finance Day Session 2 – Transforming Finance for Nature
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Module 2, Activity 2
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Session 2 – Transforming Finance for Nature

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*The views expressed in this recording are those of the author(s) and do not necessarily represent those of the United Nations, including UNDP, or the UN Member States.

25 September 2020, 11:00-12:30 PM (EDT)

Meet the speakers

 

This session will strengthen the momentum achieved in collaboration with financial institutions and governments on the Taskforce on Nature Related Financial Disclosure (TNFD), which will launch in 2021. The TNFD Informal Working Group (IWG) is already in place with over 20 members from financial institutions and growing. The IWG is currently defining its workplan and determining the key technical aspects needed to inform the development for the TNFD. This session is a critical opportunity to draw on technical expertise from central banks, data providers, biodiversity experts and scientists on; (a) the risks and opportunities for financial institutions of addressing or not addressing biodiversity risks, and understanding impacts and dependencies on nature, (b) requirements to effectively create material risks for the destruction of biodiversity, (c) ensuring relevance and utility of the TNFD framework for regulatory bodies and (d) inputs and perspectives from civil society.

This session will take place on 25 September 2020, 11:00-12:30 PM (EDT). The event will be broadcast live on this page.

Resources of interest

Report: Living Planet Report 2020: Bending the Curve of Biodiversity Loss - WWF

In the 13th edition of the report and provides the scientific evidence to back what nature has been demonstrating repeatedly: unsustainable human activity is pushing the planet’s natural systems to the edge.
Working Paper: Managing nature-related financial risks: a precautionary policy approach for central banks and financial supervisors - UCL

This paper considers how financial authorities should react to environmental threats beyond climate change. These include biodiversity loss, water scarcity, ocean acidification, chemical pollution and zoonotic disease transmission, among others.
Report: Indebted to nature: Exploring biodiversity risks for the Dutch financial sector - DNB

In a new published paper, Project Drawdown’s research team mapped all of the technologies and practices Project Drawdown identifies as global climate solutions to each of the SDGs and their respective targets.
Report: Beyond 'Business as Usual': Biodiversity Targets and finance managing biodiversity risks across business sectors - UNEP

This report aims to enable a better understanding of the business sectors1 and financial mechanisms at risk from the loss of biodiversity and lay the groundwork for biodi- versity-related target-setting by the finance sector.
Report: INTO THE WILD: Integrating nature into investment strategies - WWF

This report will review existing initiatives regarding their analysis of nature-related impacts, risks, and opportunities for financial institutions (in particular for their investment activities into large corporates).
Video: Elizabeth Mrema (CBD): Welcome Address - Finance for Nature Virtual Global Series

The inspiring address by Elizabeth Maruma Mrema, Executive Secretary, Secretariat of the Convention on Biological Diversity, for the Finance for Nature Virtual Global Series on 21 July 2020
Video: Minister Zac Goldsmith (United Kingdom): Keynote Address - Finance for Nature Virtual Global Series

Keynote address which discusses:
● The importance of assessing nature-based risks and opportunities
● Adapting TCFD to incorporate nature-related risks
alongside climate risks within corporate risk management and
disclosure
Website: Bringing Together a Task Force on Nature-related Financial Disclosures - TNFD

This task force will create resilience in the global economy by redirecting flows of finance at scale towards nature-positive activities to allow nature and people to flourish.

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Alison White

I thought this investor briefing would be of interest to those presenting and those listening alike. It examines the impact of infrastructure projects on biodiversity, using the apes of Africa and Asia to illustrate how investors can play an important role in biodiversity protection. https://www.stateoftheapes.com/themes/investor-briefing/

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