Progress made in Post-2020 Global Biodiversity Framework, but overall ambition not enough.
Business for Nature sets out eight suggestions, with specific text amendments, for negotiators to include in the Post-2020 Global Biodiversity Framework, aiming to strengthen its ambition.
Business for Nature welcomes the publication of draft 1 of the Post-2020 Global Biodiversity Framework (the Framework) as a clear improvement from the previous draft and a step in the right direction to adopt an impactful global biodiversity agreement.
We welcome the many improvements, in particular the recognition on the role of business in co-leading the transformation towards an equitable, nature-positive, carbon-neutral world. However, many key elements still need to be strengthened, improved and refined to ensure the adoption of a transformative Framework.
Business for Nature has set out eight suggestions, with specific text amendments, for negotiators to include in the Framework. It builds on Business for Nature’s policy recommendations and on the momentum of our Call to Action, Nature Is Everyone‘s Business, through which more than 900 companies are urging governments to adopt policies now to reverse nature loss.
However, while progress has been made, we remain concerned that the overall ambition and sense of urgency is not strong enough to halt and reverse nature loss by 2030, secure a nature-positive future and ensure that people can live in harmony with nature.
In the upcoming negotiations, governments must:
Set a global mission for nature that will drive business action: The proposed mission in draft 1 does not reflect the urgency and clarity that is needed. We need a clear, simple and rallying mission that sets the direction of travel. Businesses need and expect governments to provide this direction and urgency at the highest political level to set the direction for positive business actions on nature.
Value and embed nature into all decision-making: The Framework must commit governments to require business to mainstream the value of nature in their decision-making and disclosure. Governments, businesses and financial institutions would make better decisions if they used information ‘beyond short-term profit and GDP’.
Eliminate or redirect all subsidies and incentives harmful for biodiversity: The Framework must include a more ambitious target that commits to eliminating or redirecting all harmful subsidies.
Business for Nature stands ready to work together to help deliver a Global Biodiversity Framework that accelerates collective leadership on nature and secures a healthy, equitable and prosperous future for us all.
On 10 August 2021, Business for Nature, the Capitals Coalition, UNEP-WCMC, and WBCSD co-hosted a dialogue between businesses and CBD negotiators to talk about the draft 1 of the Framework.
Read our key takeaways, download the slides, and access the full recordings.
Want to learn more about the CBD? Read our business and finance guides, and learn more about COP15.
