As part of a series of publications to help financial institutions understand the relevance and implications of the Kunming-Montreal Global Biodiversity Framework (GBF), this briefing provides banks a first overview of how the GBF applies to their industry, through the axes of risk, opportunities, dependencies and impacts. It aims to support the industry in managing associated risks, capturing relevant opportunities and preparing for anticipated policy developments that will yield new compliance and disclosure requirements.

 

Authored by UNEP FI and its Principles for Responsible Banking (PRB), it presents the key implications for banks of the goals and targets of the GBF, and provides practical examples for the various departments of a bank of immediate actions that can be taken. The briefing is a companion piece to “Stepping Up on Biodiversity: What the Kunming‑Montreal Global Biodiversity Framework means for responsible investors“. It will later be accompanied by an updated PRB Biodiversity Target-setting Guidance after a co-development process with participating signatory banks.