Over 200 investors unite to promote policy actions addressing the loss of nature. 

Key Highlights 

  • A coalition of over 200 investors has endorsed a plan to engage with 60 companies on biodiversity issues, focusing on regions vulnerable to forest loss and land degradation. 
  • This initiative, known as The Spring, comes ahead of global biodiversity negotiations in Colombia, aligning with the 2022 Global Biodiversity Framework.
    Spring, occurring before the negotiations, may involve groundwork, encouraging action, and input gathering.
  • Organizers and Objectives: It is led by the Principles for Responsible Investment (PRI), a United Nations-supported network, the Spring initiative aims to influence policy affecting critical global biomes.
  • Companies Involved: The targeted companies (eg- L’Oreal, Toyota, etc), major players in sectors such as food and agriculture, mining, automotive, chemicals, and banking, are pivotal in policy engagement and face significant exposure to nature loss. 
  • Goals and Impact: Discussions will focus on improving companies’ environmental impacts, risk management, supply chains, and policy engagements.
  • Environmental Imperative: The urgent need to halt and reverse forest loss and land degradation for climate stability, sustainable development, and long-term investment performance.

Global Biodiversity Framework 2022 

  • The 2022 Global Biodiversity Framework, also known as the Kunming-Montreal Global Biodiversity Framework (GBF), was a landmark agreement adopted in December 2022 at the 15th meeting of the Conference of the Parties (COP 15) to the Convention on Biological Diversity (CBD).
  • The overarching vision is “living in harmony with nature by 2050”.
  • To achieve the 2050 goals, the framework outlines 23 specific targets to be met by 2030. 

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