Asset managers must sharpen their focus on biodiversity
A historic agreement to protect the natural world will usher in a new era for business. Acting now will help investors get ahead of the curve.
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LAST December’s historic agreement to halt and reverse global biodiversity loss, signed at the UN Convention on Biodiversity’s COP15 summit in Montreal, has – naturally enough – invoked comparisons with the 2015 Paris Agreement on climate change.
Nearly 200 countries signed up for the Kunming-Montreal Global Biodiversity Framework, committing for the first time to conserve or protect at least 30 per cent of global lands and waters by 2030.
Just as the 2015 climate accord marked the start of a concerted effort to transition the global economy away from carbon, the biodiversity pact makes it clear that global leaders will no longer tolerate the destruction of the natural world.
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