International

New Global Biodiversity Framework strives to protect nature

October 26, 2021
polar bear dipping paw in water

 

The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) Global Assessment Report has made it clear that human intrusion is drastically altering our ecosystem and endangering nearly 1 million species on our planet. They caution that we have one decade to halt and reverse the loss of biodiversity, the variety of life on our planet.

The recent UN Biodiversity Conference convened governments from around the world to create the Global Biodiversity Framework (GBF), which outlines a new set of goals for nature. The framework’s ambitious plan would implement broad-based action to transform society’s relationship with biodiversity and to ensure that, by 2050, the shared vision of living in harmony with nature is fulfilled. Institutional investors are recognizing the link between a healthy biosphere and a healthy economy. Uninhibited biodiversity loss could extinguish trillions from the world’s economies and impact millions of lives. 

Mercy Investment Services will continue to monitor the progress and development of the Global Biodiversity Framework. Mercy has joined 78 other financial institutions in a Ceres-led letter calling on governments to set ambitious GBF goals and a regulatory environment to ensure consistent disclosure requirements. Once completed, this framework will be an effective tool in our work for analyzing risks and progressing dialogues to establish nature-positive pathways.