Two side events at COP14 of the CBD: Biodiversity footprints – Making a difference in investment and business decisions & Enabling role of the public sector

Biodiversity footprint assessment tools are being developed globally to appropriately track the impact of businesses and financial institutions, and potentially to help set post-2020 international targets for biodiversity.

 

The EU, France, the Netherlands and Germany are very active in the field of business and biodiversity, natural capital, and biodiversity footprint assessment tools. The EU launched a Sustainable finance action plan, which will result, among other things, in a sustainable finance taxonomy establishing criteria and metrics to assess the sustainability of financing instruments.

 

China has been working on ecological footprint assessments since at least 2008, has established a business and biodiversity group, and is active in the field of natural capital and ecological footprint. China is also a global leader in green bond issuance and investors are feeling the need for metrics and indicators to track the actual environmental benefits of green finance instruments.

 

This side event is organized by financial institutions which are collaborating to push an ambitious biodiversity footprint agenda: ASN bank, a sustainable Dutch retail bank, which formulated the long term goal to be Biodiversity Positive by 2030 and has been measuring its impact since 2016 through the Biodiversity Footprint for Financial Initiative (BFFI), CDC Biodiversité, a subsidiary of the French public Caisse des Dépôts financial institution which is developing the Global Biodiversity Score (GBS) to assess the biodiversity footpring of global businesses, ACTIAM, a Dutch sustainable asset manager with € 54 billion assets under management, and Finance in Motion, a German Impact investor.

It is supported by the governments of France, the Netherlands, Germany, China (to be confirmed) and the European Commission.

The first side event will be held on 18 November at 13:15 in the Event Tent (the largest side event venue, with capacity for 250 people), following a speech of Antoine Cadi, Head of Research and Innovation during the panel ‘Eco-Innovation, Eco-Entrepreneurship’ of the Business Forum on 14-15 November.

The second side event’s date and location remain to be confirmed.

 

Provisional agenda (proposal, subject to change)

Side-event 1: How can the public sector provide an enabling environment for biodiversity footprints to play their full role in a biodiversity net gain future?

  • Opening: CDC Biodiversité, Mr. A Cadi, Head of Research and Innovation
  • Keynote speech EU-EC Mr. H. Delgado and Chinese Ministry of Ecology and Environment
  • Brief overview of what can currently be achieved with biodiversity footprint assessment tools, ASN bank (to be confirmed)
  • Enabling factors to move financial institutions to a next level of ambition, lessons learnt from the work of the Ambition & Responsibility sub-group of the Finance workstream of the EU B@B platform – ACTIAM or DG ENV (to be confirmed)
  • Why does it matter to the Caisse des Dépôts (CDC), the largest public financial institution in France, to have biodiversity footprint assessments and pledges? Mr. L. Piermont, Deputy Head of Strategy, CDC
  • The integration of biodiversity by global bilateral public development banks, International Development Finance Club (IDFC), represented by its chair, French Development Agency (AFD) (to be confirmed)
  • Chinese government plans for the use of indicators in financial instruments and corporate reporting – China B@B platform and FECO (to be confirmed)
  • Objectives of no net land artificialisation and mandatory biodiversity footprinting of businesses in the French National Biodiversity Plan – French Ministry for an Ecological and Solidary Transition

Side-event 2: How can the use of biodiversity footprints make a difference in investment decisions and in businesses’ strategic decisions?

  • Opening: ASN Bank
  • Keynote speech – Dutch Ministry of Agriculture, Nature and Food and Chinese Ministry of Ecology and Environment
  • Evolution of corporate biodiversity indicators – UNEP-WCMC
  • Common standards for a biodiversity footprint of financial institutions – CDC Biodiversité, ASN bank, ACTIAM, Finance in Motion
  • Lessons learnt – the use of the GBS to assess raw material supply-chains – Michelin (to be confirmed)
  • Ecological Footprint in China – WWF China (to be confirmed)
  • Biodiversity impact assessment – Yili group (dairy, China) (to be confirmed)
  • Biodiversity footprint of a company in which ASN Bank invests – ASN Bank
  • Lessons learnt – implementation of biodiversity footprinting by a fund and asset manager – ACTIAM