CHM - ORTBy 2030, the negative impacts of business on biodiversity are reduced through measures that require monitoring, assessment and disclosure of biodiversity risks and impacts across operations and supply chains, promote compliance with access and benefit-sharing regulations, and encourage sustainable production and consumption practices that increase positive contributions to nature.
Policy: Code on ENR (2023) and Sub-Decree on Environmental Impact Assessment (1999)
Actions: Cambodia will reduce business-related biodiversity impacts through strengthened application of the Sub-Decree on Environmental Impact Assessment (1999), reinforced by the ENR Code (2023). Biodiversity risk screening, mitigation hierarchy requirements and improved disclosure will be integrated into Environmental and Social Impact Assessments. Financial institutions will progressively incorporate biodiversity safeguards into lending and green finance instruments. Certification schemes, deforestation-free supply chains and compliance with Access and Benefit-Sharing regulations will support biodiversity-positive production and private-sector accountability.
| 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. | Medium |
The target operationalises accountability by strengthening environmental assessment and introducing requirements for monitoring, assessment, and disclosure of biodiversity risks and impacts. Actions combine regulatory levers with incentives, including market-based and fiscal tools and green finance approaches, to shift private sector behaviour. This design depends on cross-actor cooperation and on credible data and standards to make disclosure meaningful and comparable.
Cambodia includes monitoring, assessment and disclosure across operations and supply chains and links to ABS, but GBF is more explicit that this should be a requirement for large/transnational companies and financial institutions, including across value chains and portfolios, plus consumer information.
to be analyzed if we need to have additional means of implementation