Biodiversity and Nature-related Disclosures

TABLE 1. GLOBAL STANDARDS AND POLICIES MEANT TOTACKLE BIODIVERSITY LOSS 6. APPENDIX REPORTING AND DISCLOSURE MECHANISMS MECHANISM APPLICATION DETAILS

Project-based, or direct investments

Requires nancial institutions to take a series of impact assessment and mitigation actions related to biodiversity.

International Finance Corporation (IFC) “Performance Standard 6” (Biodiversity Conservation and Sustainable Management of Living Natural Resources)

All economic activities and investments

The EU taxonomy is a classi cation system establishing a list of environmentally sustainable economic activities. Objective 6 includes “Protection and restoration of biodiversity and ecosystems”. Several of the 17 SGD goals are related to biodiversity conservation. The GBP explicitly recognize several broad categories of eligibility for Green Projects, which contribute to environmental objectives such as: climate change mitigation, climate change adaptation, natural resource conservation, biodiversity conservation, and pollution prevention and control. GRI 304: Biodiversity 2016 addresses the topic of biodiversity and aims to help companies report on their impact on nature.

EU Taxonomy

Policies, projects, investments, portfolio, and company-level

UN Sustainable Development Goals (SDGs) of 2015

Investment/project-based

Green Bond Principles (GBP)

Company-wide

Global Reporting Initiative (GRI)

Company-wide

The GRI’s new Biodiversity Standard exposure draft,

GRI Biodiversity Standard

announced in late 2022, is now available for public comment.

Company-wide

In 2023, the CDP will begin scoring companies using questionnaires that address biodiversity speci cally.

CDP-Biodiversity

The IFC provides loans to intermediary banks, leasing companies, and other institutions for on-lending.