Working sessions - Session information

Target 15 of the Global Biodiversity Framework (GBF) places nature conservation on equal footing with both profit and climate change by exhorting businesses to disclose their dependencies on and impacts to biodiversity. Yet achieving the promise of Target 15 will require new processes and tools. This session explores three such critical areas. First, how can companies use transition plans to accelerate progress on both nature and climate goals? Second, how can financial institutions take responsibility and amplify this essential work? Finally, given the critical links between nature and climate change, how can Target 15 complement and improve the Paris Agreement’s stocktake of progress on climate goals? Join this session to sharpen action within your organization, including data dynamics, managing change, and policy levers.

The session aims to provide introductory information for businesses to action nature-positive ambition now. Providing real-world examples of actions being taken by leading corporations, with a focus on setting organisational biodiversity targets, measuring and accounting for impacts, and working to improve value chain transparency.

The session will focus on the importance of investing in nature and the opportunities it presents for businesses and financial institutions in the coming years and the role cooperation can have across the whole value chain.

Establishing the return on investment and strategic benefits from biodiversity interventions is a key factor for increasing funding and finance streams. Identifying, valuing and communicating co-benefits is essential to mobilising willingness to pay and aligning public and private stakeholders' actions toward climate and biodiversity targets. Partnerships and blended-finance mechanisms can accelerate action and funding for multifunctional biodiversity projects. The session aims at providing insight into the importance and potential of partnerships in both public and private settings and into applicable blended-finance models and their components. Several partnerships will be showcased, discussing challenges and insights into how to design blended finance for projects involving multiple actors.

The focus of the session will be dedicated to presenting tools to go beyond the theory and legislative requirements related to the traceability of supply chains. The session will present best practices and innovative approaches for implementing traceable and transparent supply chains capable of ensuringpositive impacts for nature.

Following the adoption of the Global Biodiversity Framework, various business initiatives including BfN, WBCSD and WEF have started identifying a set of sector-specific actions that business can take to contribute to a nature positive future. Drawing on the outcome of this work this session will aim to identify common barriers and challenges that are currently preventing business action and impeding sector transition. As the momentum around business and biodiversity continues to increase globally, the session will also aim at identifying policy levers to accelerate and scale up nature positive sector transformation and opportunities to finance business innovations and models across the economy that protect and restore nature.

During this session, representatives from financial institutions will share their perspectives on effective nature targets and discuss how to integrate sector-specific pathways into a framework that aligns with science and is practically applicable.

Biodiversity credits and certificates offer an opportunity to accelerate the transition to a nature positive society. All actors and market participants need to be involved in the design of emerging biodiversity schemes, understanding the challenges and conditions for developing a high integrity and scalable voluntary biodiversity credits framework that supports business in their journey towards nature positive. The session will showcase emerging initiatives in this space focusing on measuring, certifying, and trading of credits. By gathering different viewpoints from policy, science, and business the session will help demonstrate the multiple forms of expertise that are needed.

This session will examine the current state of the art of measuring the relationship between the private sector and nature, spotlight the trends in corporate biodiversity measurement and what businesses need to be prepared for. The session will also highlight the progress made to date and introduce the future direction towards inter-relations of nature, climate, and society.

Nature-based solutions are widely acknowledged as effective solutions to address global challenges, yet it appears that the business sector may not be fully attuned to their potential. With a specific focus on coastal and freshwater ecosystems, this session aims to highlight the success stories of various businesses that have embraced NBS to achieve their strategic objectives in promoting nature-positivity. By exploring the numerous benefits associated with NBS implementation, as well as identifying the existing barriers and challenges, we can design the way forward to make NBS the new business-as-usual.

Based on the presentation of several concrete examples, this session will try to identify the conditions for businesses and financial institutions to upscale innovative business models that both contribute to nature protection and restoration goals and are economically viable. Innovative financial instruments designed to channel and leverage private capital towards nature and support the scaling-up of these projects will also be discussed with real-life examples.

This session will focus on tested tools and approaches for creating and maintaining successful inclusive value chain collaboration to reach agrobiodoversity objectives in different contexts.