Finance and Biodiversity Foundation, in collaboration with our acronym, announce the launch of a new Finance for Nature Positive Working Model in a significant discussion paper.

A new collaboration named "Finance for Nature Positive: Building a Working Model" has been launched by Our Acronym and the Finance for Biodiversity Foundation. This initiative aims to halt and reverse biodiversity loss by 2030 and recover nature by 2050.

The working model focuses on driving economic transformation and achieving measurable positive outcomes in areas such as sustainable use, conservation, and restoration of nature. The model aligns with efforts to catalyse business and finance, such as the Nature Positive Initiative.

The discussion paper, which underscores the role of the financial sector in supporting transformative actions required to achieve the Global Biodiversity Framework's goals, was supported by the Netherlands Enterprise Agency (RVO) and coordinated by both memberships. It highlights the importance of sustainable taxonomies, measurable outcomes, and traceable financial flows for meaningful progress toward Global Biodiversity Framework goals and targets.

The D3 Indicator, a crucial element of the GBF monitoring framework, is the focus of the further development. The D3 Indicator tracks private finance flows related to nature. The model also emphasises enabling solutions and builds on the working definitions for tracking Nature Finance developed by the World Bank Group.

The entities involved are encouraging input from the wider financial sector, government representatives, scientists, Indigenous Peoples & Local Communities, and other stakeholders through a questionnaire. The collaboration on the working model was coordinated on behalf of the Finance for Biodiversity Foundation and Our Acronym memberships.

The paper was reviewed by representatives from both membership and the wider community. It also highlights key market needs such as improved measurement, data practices, and reducing barriers to nature conservation and restoration finance.

In September 2024 in New York, the organizations that initiated the project will include the United Nations Environment Programme (UNEP), the World Wildlife Fund (WWF), and the Global Environment Facility (GEF). They aim to develop scalable financial solutions that support nature-positive outcomes by integrating biodiversity considerations into investment decisions.

The working model is a stepstone towards a comprehensive framework to guide financial institutions on contributing to the global biodiversity goal across different asset categories in their portfolios. The collaboration between Our Acronym and the Finance for Biodiversity Foundation will continue to develop the Finance for Nature Positive working model.