Speakers at the Finance in Common Summit reference F4B work on development finance
Mon Nov 16 2020 00:00:00 GMT+0000 (Coordinated Universal Time)
At the 2020 Finance in Common Summit last week the Finance for Biodiversity Initiative's work on aligning development finance with biodiversity was highlighted. Carlos Manuel Rodriguez, CEO of the Global Environment Facility, Elizabeth Maruma Mrema, Executive Secretary of the UN Convention on Biodiversity and Jorim Schraven. Director Strategy, FMO Bank all highlighted the importance of development banks stress testing their portfolios for impacts on nature.
World’s development banks endangering vulnerable ecosystems worth US$1.1 trillion/year
Mon Nov 09 2020 00:00:00 GMT+0000 (Coordinated Universal Time)
LONDON, Nov. 9 (F4B) – Development finance institutions (DFIs) worldwide are endangering nature worth an estimated US$1.1 trillion annually, and more than a quarter of their total US$11.2 trillion loan book is highly dependent on vulnerable ecosystems, found a study by Finance for Biodiversity (F4B), published on Wednesday.
Reuters report on F4B work on DFI exposure to nature risk
Fri Nov 06 2020 09:00:00 GMT+0000 (Coordinated Universal Time)
Reuters reported F4B’s development bank work, stating that the world’s development finance institutions (DFIs) are exposed to potential nature-related losses across more than a quarter of their investments
The European Union as a whole and Germany and France in particular have taken the first big steps among G20 leading economies towards a green stimulus, aligning COVID-19 recovery funds to restore jobs and livelihoods with measures to head off climate and biodiversity crises, according to a report published on Thursday by Vivid Economics and the Finance for Biodiversity (F4B) initiative.
This report, written in collaboration between Global Canopy and Vivid Economics, outlines why tackling nature-related risks is an urgent priority for the finance sector, and how a Task Force on Nature-related Financial Disclosures can help.
The Finance for Biodiversity (F4B) Initiative is hosting a convening to explore what role, if any, central banks and financial regulators should be taking with regards to biodiversity. While biodiversity is increasingly mentioned in regulatory conversations, there is still much uncertainty over what this means in practice, what impact it would have and whether it makes sense.
Finance for Biodiversity (F4B) are convening key stakeholders involved in the design and implementation of financial instruments that aim to improve nature and climate-related outcomes in the context of a sovereign debt repayment crisis in developing economies.