Business for Nature’s position on Target 15

Business for Nature calls on Parties to adopt an ambitious Target 15 that requires business and financial institutions to transform their business practices. Only a target that 1/includes effective mandatory requirements for large business and financial organisations to assess and disclose dependencies and impacts on biodiversity and 2/ commits to incentivize them to accelerated business action to reduce negative impacts by half would generate the transformation at the scale that science requires and in line with a mission to reverse nature loss by 2030.   

Below is Business for Nature recommendations to achieve this in Target 15, based on the text adopted at the Informal Group meeting in Montreal in September 2022.