This week, the Fund became a signatory of the UN biodiversity Conference (COP 15) Statement from the financial sector – a global initiative committing the financial community to contribute to the protection and restoration of biodiversity and ecosystems through financing activities and investments. The Statement was also a call for action sent to world’s leaders for clear and mandatory alignment of financial activities to biodiversity goals.
“We are proud to take this step in our continuous efforts to address the climate and biodiversity challenges through our investments. As a universal asset owner, we play a critical role in supporting the global shift towards net zero and this cannot be achieved without strong commitments to address biodiversity through issues such as deforestation and nature loss, as these crises are strongly entwined,” said Pedro Guazo, Representative of the Secretary-General for the investment of UNJSPF assets.
The COP 15 Statement emphasizes the need for action from all stakeholders, including governments, corporations, and financial institutions. By supporting this initiative, the Fund commit to continue contributing to global efforts in protecting and restoring biodiversity, alongside our existing ambitious climate targets.
COP 15, which ended on 19 December 2022, reached a landmark agreement to protect 30 per cent of the world’s lands and oceans among other ambitious goals and targets adopted. It adopted a new set of goals to guide global action through 2030 to halt and reverse nature loss, including finance for biodiversity and alignment of financial flows with nature to drive finances toward sustainable investments and away from environmentally harmful ones.