Nature finance, a more recent area of focus within sustainable finance, is growing in importance.
The members behind Finance for Biodiversity are launching the initiative NatureFinance, seeking to align global finance with equitable nature outcomes, the organization said in an emailed statement Wednesday.
The Geneva-based organization aims to help financial institutions materialize their environment, social and governance (ESG) commitments and has a showcase of projects from sovereign debt markets to early-stage investor ecosystems, risk-related metrics, food system transition and anti-money laundering.
«Nature is the foundation of our $95 trillion global economy, yet faces unprecedented collapse, damaging efforts to address climate goals. Aligning global finance with a thriving, regenerated nature is a pre-condition for sustainable development» NatureFinance executive director Simon Zadek said.
The launch is taking place at the Bulding Bridges summit in Geneva.
