What is biodiversity and why is it important?Biodiversity can be defined as the variety of animals, plants, fungi, and microorganisms that make up our natural world. Each of these species and organisms work together in ecosystems to maintain balance and support life and everything we need to survive – food, clean water, medicine, and shelter.
Put shortly, a loss in biodiversity can lead to a breakdown in the functioning of this ecosystem and thereby and poses a serious threat to businesses, the economy and ultimately human life.
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- Independent foundation and worldwide initiative.
- Consists of 32 financial institutions from 8 countries.
- Primary goal is to develop a standard that enables financial institutions to assess and disclose impact and dependencies on biodiversity of loans and investments. In that way they can enable financial institutions to effectively manage and report on biodiversity related risks and opportunities and contribute to the conservation and sustainable use of biodiversity.