LEGAL ACTION ON BIODIVERSITY
Financial institutions do not currently perceive biodiversity-related liability risks as material. As a result, they have little incentive to monitor and manage the biodiversity impacts of the activities and global supply chains they finance.
Biodiversity legal activity is currently ‘opportunistic’ and region/resource-specific. Strategic legal action may be able to unblock structural barriers and drive transformational change, as winning a case or legal action not only causes behavioural change for those impacted, but also sets wider precedent and law. Coordinated law cases, legal campaigns, communications and growing knowledge will all help both to create a positive legal system and a “shadow of liability” to drive action by governments and corporates.
F4B are working to outline strategic priorities on sectors and geographies where legal action might create non-linear impacts to restore and protect biodiversity.