Business for Nature’s position on the Post-2020 Global Biodiversity Framework text developed by the CBD informal group in October 2022

Business for Nature has updated its position on the Post-2020 Global Biodiversity Framework (GBF) after the publication of the consolidated text on 5 October, produced at the September 2022 Informal Group meeting in Montreal. The updated position builds on our previous suggestions on the various GBF drafts and on three rounds of business consultations.

 At the OEWG-5 and at COP15, Parties must:

• Adopt a Target 15 that requires business and financial institutions to act. Only a target that includes effective mandatory and regulatory requirements will accelerate business action at the scale that science requires. More than 330 business and finance institutions, from 52 countries, with combined revenues of over $1.5 trillion signed a COP15 statement calling on governments to adopt, in Target 15, mandatory requirements for all large businesses and financial institutions to assess and disclose their impacts and dependencies on biodiversity by 2030.  

• Raise the ambition in Target 18, in consideration of the latest research estimating environmentally harmful subsidies to be at least US$1.8 trillion per year.  

• Adopt a clear, simple and rallying mission to halt and reverse biodiversity loss by 2030 to achieve a nature-positive world, based on the strong consensus expressed by Parties and Observers on this proposed mission at the OEWG-4. Businesses need governments to provide direction at the highest political level and commit to a nature-positive world by 2030 to accelerate business actions on nature.  

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.