1. Develop a policy, legal, regulatory and administrative framework that requires and incentives businesses to regularly monitor, assess and disclose their risks, dependencies and impacts on biodiversity
2. Promote and incentivize platforms and processes that enable companies to provide information and services that encourage nature-friendly behaviours and practices among consumers
3. Review legal, regulatory and administrative provisions on ABS from the utilization of genetic resources, including from DSI on genetic resources to ensure that companies comply with access and benefit sharing regulations and measures

These considerations were taken into account through a participatory and consultative process. The process involved an inception workshop, a series of stakeholder consultations, technical working group meetings, and validation workshops. The process was coordinated by the Ministry of Environment, Climate and Wildlife (MECW), through the Department of Wildlife and Forestry Resources Management.

Contribution to KM-GBF Global Goals

1. Global Goal A – Ecosystem and Species Integrity

• Reduces direct and indirect pressures on ecosystems, species and genetic diversity by requiring businesses and financial institutions to identify, monitor, disclose and progressively reduce biodiversity-related risks, dependencies and negative impacts across their operations, supply chains and portfolios.
• Supports avoidance, mitigation and restoration actions by improving transparency on biodiversity impacts in high-risk sectors such as extractives, agriculture, tourism, infrastructure and finance, contributing to reduced ecosystem degradation and species loss.
• Enhances early detection of biodiversity risks through routine corporate monitoring and reporting, strengthening preventive action and adaptive management.

2. Global Goal B – Sustainable Use and Nature’s Contributions to People

• Promotes sustainable production and consumption patterns by incentivising businesses to adopt biodiversity-positive practices and to provide consumers with information that supports nature-friendly choices.
• Strengthens the sustainable use of biodiversity and ecosystem services by aligning business operations and market behaviour with ecological limits, thereby safeguarding long-term nature’s contributions to people, including livelihoods, food security and ecosystem services.
• Encourages market transformation towards nature-positive goods and services through disclosure, certification schemes, consumer awareness platforms and fiscal or financial incentives.

3. Global Goal C – Fair and Equitable Benefit-Sharing

• Strengthens compliance with Access and Benefit-Sharing (ABS) regulations by requiring companies utilising genetic resources and digital sequence information (DSI) to report on compliance and adhere to national ABS frameworks.
• Enhances transparency, monitoring and enforcement of benefit-sharing obligations, contributing to fair and equitable sharing of benefits arising from the use of genetic resources.
• Improves awareness and capacity among businesses and regulators to implement ABS measures effectively.

4. Global Goal D – Means of Implementation and Enabling Conditions

• Strengthens policy, legal, regulatory and administrative frameworks for biodiversity governance by integrating mandatory or incentivised biodiversity disclosure, risk management and reporting requirements for businesses and financial institutions.
• Mobilises private sector finance and investment towards biodiversity-positive outcomes through incentives, public–private partnerships and improved risk management.
• Builds institutional, technical and monitoring capacity for biodiversity mainstreaming in the private sector, including data systems, compliance mechanisms and stakeholder engagement platforms.

1. Capacity building for all players
2. Generate knowledge on biodiversity business and disclosure.