This article was originally published on Global Canopy.
Biodiversity is catching up with climate on the global policy agenda, motivating leading financial institutions to understand their impacts and dependencies on nature
“Last week’s One Planet Summit marked the first time the annual gathering of world leaders was dedicated to biodiversity. While previous iterations of the conference focused on the climate crisis, this year’s summit made it clear that decision-makers no longer see biodiversity loss and climate change as two separate crises: leader after leader spoke about integrating the policy responses to biodiversity loss, the climate emergency and the pandemic.
“We can’t meet our climate targets without protecting nature,” declared Emmanuel Macron, President of France and the host of the Summit, in his opening remarks.
“We need to step up our efforts to protect biodiversity, and not just at ‘some point in time’, but now” – Angela Merkel, Chancellor of Germany
“We have the tools to respond to the biodiversity crisis,” said Erna Solberg, Prime Minister of Norway. “A good starting point is to ensure we include biodiversity when addressing the climate crisis.”
Increased policy action on biodiversity strengthens the imperative for financial institutions to understand their own impacts and dependencies on biodiversity, as stronger government action will alter the expectations and requirements placed on corporates and financial institutions…”