CHM - ORTThis is an “action-oriented targets” which represents actions to achieve “state-oriented targets” that should be realized by 2030, to achieve the “Basic strategy 3: Realization of Nature Positive Economies”.
<Description of this action-oriented target and its background>
Business activities depend on biodiversity and natural capital in various ways, thus appropriate conservation and management of biodiversity and natural capital will enhance sustainability of their business activities.
For a virtuous cycle between biodiversity conservation and economic activities, increasing efforts are being made with appropriate assessment by businesses of the impact of and dependence on biodiversity and natural capital from business activities, including their own activities and ones in upstream and downstream activities of their supply chains, and analyze of business risks and opportunities, to incorporate those results into business strategies and disclose information on those matters in an appropriate manner. Unlike greenhouse gas emissions, there are limited number of quantitative indicators for biodiversity, and it is not easy to quantify impact of business activities. Thus, in comparison to effort addressing climate change, not enough has been done to make efforts. However, in recent years, there is rapid progress in discussions on establishment of international rules such as the TNFD and the SBTs for Nature, and an interest in biodiversity is growing in the field of ESG investment as well.
In order to take advantage of this trend and respond to international frameworks such as the TNFD, various entities, including the national governments and businesses, will make efforts to develop a mechanism for biodiversity assessment and information disclosure, data sharing for supply chains, and a platform for sharing know-how and information, in collaboration among these entities.
At the same time, in order to further increase investments and financing that contribute to conservation and restoration of biodiversity, the government will develop a foundation for investments and financing through raising awareness among financial institutions and investors and promoting dialogue between financial institutions and investors and businesses, among other measures. In addition, the government will promote green bond and other measures that fund projects contributing to conservation and restoration of biodiversity.
| 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 |
GBF-T19. Financial resources increased to $200 billion per year, including $ 30 billion through international finance GBF-T19. Financial resources increased to $200 billion per year, including $ 30 billion through international financeSubstantially and progressively increase the level of financial resources from all sources, in an effective, timely and easily accessible manner, including domestic, international, public and private resources, in accordance with Article 20 of the Convention, to implement national biodiversity strategies and action plans, by 2030 mobilizing at least 200 billion United States dollars per year, including by:
(a) Increasing total biodiversity related international financial resources from developed countries, including official development assistance, and from countries that voluntarily assume obligations of developed country Parties, to developing countries, in particular the least developed countries and small island developing States, as well as countries with economies in transition, to at least US$ 20 billion per year by 2025, and to at least US$ 30 billion per year by 2030;
(b) Significantly increasing domestic resource mobilization, facilitated by the preparation and implementation of national biodiversity finance plans or similar instruments according to national needs, priorities and circumstances;
(c) Leveraging private finance, promoting blended finance, implementing strategies for raising new and additional resources, and encouraging the private sector to invest in biodiversity, including through impact funds and other instruments;
(d) Stimulating innovative schemes such as payment for ecosystem services, green bonds, biodiversity offsets and credits, benefit-sharing mechanisms, with environmental and social safeguards;
(e) Optimizing co-benefits and synergies of finance targeting the biodiversity and climate crises;
(f) Enhancing the role of collective actions, including by indigenous peoples and local communities, Mother Earth centric actions[1] and non-market-based approaches including community based natural resource management and civil society cooperation and solidarity aimed at the conservation of biodiversity;
(g) Enhancing the effectiveness, efficiency and transparency of resource provision and use.
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[1] Mother Earth-centric actions: Ecocentric and rights-based approach enabling the implementation of actions towards harmonic and complementary relationships between peoples and nature, promoting the continuity of all living beings and their communities and ensuring the non-commodification of environmental functions of Mother Earth. | Medium |
This target corresponds to the following elements from GBF Goal D:
Adequate means of implementation, including financial resources, capacity-building, technical and scientific cooperation, and access to and transfer of technology to fully implement the Kunming-Montreal Global Biodiversity Framework are secured and equitably accessible to all Parties, especially developing country Parties, in particular the least developed countries and small island developing States, as well as countries with economies in transition, progressively closing the biodiversity finance gap of $700 billion per year, and aligning financial flows with the Kunming-Montreal Global Biodiversity Framework and the 2050 Vision for biodiversity.
This target corresponds to the following elements from GBF Target 15:
・Legal, administrative or policy measures
・Large and transnational companies and financial institutions
・Regularly monitor, assess and transparently disclose their risks, dependencies and impacts
This target corresponds to the following elements from GBF Target 19:
・Innovative finance schemes
・Private sector finance