CHM - ORTNational Target
General
Lao People's Democratic Republic
Target 15: By 2030, industrial and commercial sectors agencies will have identified the impacts of key businesses on biodiversity, and measures will have been developed to mitigate those effects
ENThe target will work with an undetermined as yet number of businesses to improve and mitigate effects on biodiversity.
Establish recommendations for private sector impact reporting.
Alignment
GBF-G-B. Biodiversity is sustainably used and its contributions to people are maintained, enhanced or restored
| Global Targets | Degree of Alignment |
GBF-T15. Businesses assess and disclose biodiversity dependencies, impacts and risks, and reduce negative impacts GBF-T15. Businesses assess and disclose biodiversity dependencies, impacts and risks, and reduce negative impactsTake legal, administrative or policy measures to encourage and enable business, and in particular to ensure that large and transnational companies and financial institutions:
(a) Regularly monitor, assess, and transparently disclose their risks, dependencies and impacts on biodiversity, including with requirements for all large as well as transnational companies and financial institutions along their operations, supply and value chains and portfolios;
(b) Provide information needed to consumers to promote sustainable consumption patterns;
(c) Report on compliance with access and benefit-sharing regulations and measures, as applicable;
in order to progressively reduce negative impacts on biodiversity, increase positive impacts, reduce biodiversity-related risks to business and financial institutions, and promote actions to ensure sustainable patterns of production. | High |
GBF-T18. Reduce harmful incentives by at least $500 billion per year GBF-T18. Reduce harmful incentives by at least $500 billion per yearIdentify by 2025, and eliminate, phase out or reform incentives, including subsidies, harmful for biodiversity, in a proportionate, just, fair, effective and equitable way, while substantially and progressively reducing them by at least 500 billion United States dollars per year by 2030, starting with the most harmful incentives, and scale up positive incentives for the conservation and sustainable use of biodiversity. | High |
Access to financial resources
Collective effort towards the targets
Cooperation and synergies
Different value systems
Formal and informal education
Fulfilment of the three objectives of the Convention and its Protocols, and their balanced implementation
National circumstances, priorities and capabilities
Whole-of-government and whole-of-society approach
There needs to be a whole of society approach to conservation and sustainable use, including businesses that can have impacts on biodiversity. This will involve educating companies about effects.
Goal B is for sustainable management, which includes businesses.
Targets 15 and 18 are aligned for incentives to be removed and improved understanding by businesses of their impacts on biodiversity.
Indicators to be used to monitor this national target
15.1 Number of companies disclosing their biodiversity-related risks, dependencies and impacts
18.1 Positive incentives in place to promote biodiversity conservation and sustainable use
18.2 Value of subsidies and other incentives harmful to biodiversity
B.1 Services provided by ecosystems
15.b Number of countries with legal, administrative or policy measures aimed at encouraging and enabling business and financial institutions, and in particular for large and transnational companies and financial institutions, to progressively reduce their negative impacts on biodiversity, increase their positive impacts, reduce their biodiversity-related risks and promote actions to ensure sustainable patterns of production
B.b Number of countries with policies or actions for implementing and monitoring the sustainable use of biodiversity and the maintenance and enhancement of nature’s contributions to people, including ecosystem functions and services
16.CT.3 Ecological footprint
Air quality index
Non-State actor commitments
N/A
Means to implementation and barriers to implementation
Yes (Additional means of implementation are needed for the attainment of this national target)
Funding required to work with businesses and reporting.
N/A
Additional information
N/A