Capitals Coalition at COP16

COP 16 is only 2 weeks away and it marks an important milestone as it will be the first Conference of the Parties (COP) specifically focused on implementation since the adoption of the Kunming-Montreal Global Biodiversity Framework at COP 15 in December 2022 in Montreal, Canada.

During COP 16, governments will have the crucial task of conducting a comprehensive review of the progress made in implementing the Kunming-Montreal Global Biodiversity Framework. It is expected that the Parties to the Convention will demonstrate how their National Biodiversity Strategies and Action Plans (NBSAPs) align with and support the objectives of the Framework. Additionally, COP 16 will aim to further develop a robust monitoring framework and work towards enhancing resource mobilization to support the effective implementation of the Global Biodiversity Framework.

We, together with our Hubs and other partners, are curating our COP16 programming with three objectives:

To advocate for the integration of all capitals in decision-making to tackle our collective global challenges.
To support Business for Nature in their advocacy role in implementation of the Global Biodiversity Framework the following areas:
Target 15 – Using the new launched Beta Framework for Integrated Decision Making to support implementation.
Target 18 – Reforming harmful subsidies.
Implementation at national level – National Biodiversity Strategies and Action Plans (NBSAPS) showcasing the work of the hub community.
To amplify our key message for the interconnectedness of our global challenges and advocate for solutions which bridge across climate, nature and people.

Events we are curating or co-hosting

Assessing contributions of business to transform key sectors and achieve GBF goals and targets
This session focuses on mobilising and transforming critical sectors to mainstream biodiversity. In partnership with UNEP – WCMC, Business for Nature, TNC and WWF at the Business and Finance Hub (Blue Zone)
When: 24th October 9.00 – 10.15
Incorporating the diverse values of nature into business decision-making: Practitioner’s perspective on efforts to create more sustainable, and long-term equitable outcomes for society
How can businesses use valuation to create fair and just outcomes for nature and people. Exploring diverse values of nature, especially related to local communities, not currently represented in our ‘western’ approaches. In partnership with the Value Commission and Social Value International
When: 24th October 11.40 – 13.00
Redefining success – Integrating the value of nature, people, society and economy in decision-making
Session at Bloom24
When: 24th October 14.35 – 15.45
Quantifying nature’s value: leveraging science, economics and big data to reveal the value of nature
An interactive session focused on the benefits and challenges of quantifying nature’s value. Through case studies covering the corporate, government and IPLC lenses. Co-hosted session at TFND Hub
When: 25th October 16.30 – 18.00
Global Biodiversity Framework – Through the people eyes
How can our knowledge of human and social capital help achieve GBF goals and targets. In partnership with our Hub Community at the Nature Positive Pavilion (Blue Zone)
When: 26th October 10.30 – 11.30
Actionable insights from business and finance on assessing nature issues
Co-hosted with WBCSD and UNEP-WCMC at the Business and Finance Hub (Blue Zone)
When: 28th October 16.00 – 17.00
Business Sprint – Capacity Building Workshops to Drive Business Action
This series of workshops will help businesses build capacity to accelerate action on the high-level actions for nature and prepare them to understand what the core elements of a business approach are they need to put in place, in line with the ACT-D Framework. In partnership with World Business Council for Sustainable Development and Business for Nature and other key partners. At the Instituto Humboldt (Green Zone)
When: 29th October 9.00 – 13.00
Accelerating uptake of corporate natural capital accounting (CNCA)
This session provides an overview of the state of play in CNCA implementation, alignment with GBF and regulatory/market frameworks, and barriers/challenges to wider market uptake. In partnership with ERM, ICAEW, WBCSD and TNFD at the Business and Finance Hub (Blue Zone)
When: 29th October 13.00 – 13.45
Global Roundtable on the opportunities of the integration of Natural Capital in the Food System 
In partnership with Anthesis, GIST Impact India, CEBDS Brazil, Reforestamos Mexico. Organized at the Netherlands Pavilion (Blue Zone)
When: 30th October 10.00 – 11.15
Creating new partnerships to reform Environmentally Harmful Subsidies (EHS) and implement GBF Target 18
A closed round table discussion among public and private sector actors to explore smart solutions to overcome barriers to Environmentally Harmful Subsidies (EHS) reform and implement GBF Target 18. In partnership with European Commission, Business for Nature, IISD, Porticus, UNDP, Biofin, WBCSD and others. at the Nature Positive Pavilion (Blue Zone)
When: 30th October 10.30 – 11.30
People Roundtable on practical Natural Capital applications from around the world, featuring best practices from our Hub Community.
At the Business and Finance Hub (Blue Zone)
When: 30th October 11.00 – 11.45