Nature – Photo by Jeremy Kwok on Unsplash
(MILAN) – 350 businesses, financial institutions, governments, and representatives from academia and civil society were meeting on 11-12 October to launch a charter to address biodiversity loss by 2030.
Businesses at the European Business and Nature Summit, co-organised by the European Commission, discussed how business can help deliver on commitments of the Kunming-Montreal Global Biodiversity Framework concluded at the biodiversity COP15 last year. By signing the Charter, businesses will be recognising the need to address biodiversity loss and show willingness to take action..
The Charter is open to all organisations from micro-businesses to large corporates, and provides a structure to companies and financials to start implementing the Global Biodiversity Framework..
The Charter It sets out 10 principles to guide collective and transformative business action to halt and reverse nature loss by 2030. The principles are in line with the goals of the Global Biodiversity Framework and include, for example, corporate and financial responsibility, engaging the value chain, transparency, reporting, and accountability along with many other aspects..
“An impressive number of businesses and financial institutions now favour strong and ambitious EU policies for nature,” said the Environment Commissioner Virginijus Sinkevicius: “We need more of them in order to deliver on our commitments under the Global Biodiversity Framework. We need everyone on board to continue benefitting from nature’s invaluable and threatened services.”
The European Business and Nature Summit is an annual high-level event, which this year is co-organised by the Commission, the EU Business and Biodiversity Platform, Etifor, the Italian Foundation for Sustainable Finance and the Region of Lombardy and is supported by 26 organisations working on business and biodiversity.
European Business and Nature Summit
