News in the Framework of the European Business & Biodiversity Campaign

Global insurance and reinsurance leaders establish alliance to accelerate transition to net-zero emissions economy

Net-Zero Insurance Alliance committed to join Glasgow Financial Alliance for Net Zero and UN Race to Zero; plus Net-Zero Banking Alliance and Net-Zero Asset Owner Alliance announce updates.

New EU Code of Conduct on Responsible Food Business and Marketing Practices

The Code of Conduct is one of the first outcomes of the EU's "From Farm to Fork" strategy, which is a core part of the European Green Deal.

Strategy for Financing the Transition to a Sustainable Economy

The strategy identifies what the EU considers to be the most important development areas since the publication of the 2018 Sustainable Growth Financing Action Plan and sets out the strategic priorities and next steps in terms of non/legislative measures in line with the EU Green Deal.

Pro Pollinators Initiative: EU Pollinator Information Hive helps to protect insects

The EU Pollinator Information Hive makes it possible to share information on the conservation of wild pollinator species across EU Member States. The project LIFE IRSR is happy to benefit from the interactive format.

New finance guide aims to mobilize financial institutions to positively engage with nature

The new Financial Sector Guide for the Convention on Biological Diversity aims to mobilise financial institutions to ensure a nature positive world, by fostering better understanding of nature’s importance for the financial sector, providing insight on the Convention on Biological Diversity (CBD) process and the actions that can be taken by financial institutions beneficial to nature.

On the way to Sustainable Finance – EU Commission published first Taxonomy Climate Delegated Act, Biodiversity Delegated Act to follow

With the EU Taxonomy, the Commission presents a common classification system for sustainable economic activities. The increased transparency should make it easier for investors to re-orient investments towards more sustainable technologies and businesses.

State of Finance for Nature

If the world is to meet the climate change, biodiversity, and land degradation targets, it needs to close a USD 4.1 trillion financing gap in nature by 2050. The current investments in Nature-based solutions amount to USD 133 billion – most of which comes from public sources.

Leading companies respond to biodiversity loss by committing to the Action Agenda for Nature and People

More than 50 companies have stepped forward to show their shared commitment in support of the global biodiversity framework expected to be adopted at the 15th Conference of the Parties to the Convention on Biological Diversity.

Energy company aims for net-positive biodiversity impact from new projects commissioned from 2030

The electricity supplier Ørsted sets the ambition to deliver a net-positive biodiversity impact from all new renewable energy projects that are commissioned from 2030 at the latest.

EU consumption responsible for 16% of tropical deforestation linked to international trade - new report

The EU is one of the world’s largest importers of tropical deforestation and associated emissions, second only to China, a new WWF report has found.