Reflections on 2024: A Year of Partnership and Progress for Biodiversity

As we near the close of 2024, we at Finance for Biodiversity want to extend our heartfelt gratitude to all our members, signatories, partners and peers for your unwavering dedication and collaboration this year. Together, we have made remarkable strides in contributing to the mission of reversing nature loss this decade and embedding nature into financial and policy frameworks worldwide.

This year has been a testament to the power of collective action and innovation. The Finance and Biodiversity Pavilion at COP16 in Colombia, which FfB Foundation co-hosted together with our partners, UNEP FI and UNDP, was a dynamic space that brought together policymakers, financial leaders and global stakeholders to explore innovative pathways for aligning financial flows with the Kunming-Montreal Global Biodiversity Framework.

The publication of the Finance for Nature Positive discussion paper, developed in partnership with UNEP FI, and the updated Multi-Tool Study – which tracks the biodiversity impacts and dependencies of more than 2,300 companies within the MSCI All Country World Index (MSCI ACWI) – also stand out as key milestones. These resources have catalysed critical conversations on integrating nature into financial decision-making and spurred actionable commitments across the industry.

We were also thrilled to launch the FABRIC (Fostering Action on Biodiversity through Responsible Investment in Clothing) collaborative engagement initiative together with 16 investor members representing €5.85 trillion in assets under management or advisement. With funding from the Laudes Foundation, the initiative fosters cooperation between investors and companies, offering actionable pathways to mitigate the significant environmental impacts of the Textiles and Apparel industry through a focus on key drivers such as greenhouse gas emissions, land use, water pollutants and waste.

These accomplishments are part of a broader wave of progress across the industry. Both at COP16 and beyond, we’ve seen nature gain prominence on the global agenda, with increasing commitments to align financial systems with biodiversity goals and growing recognition of nature’s intrinsic and economic value.

While tackling biodiversity loss remains a complex challenge, and there is still much work to be done on the adoption of the Resource Mobilisation Strategy at the resumed COP16 session in Rome this coming February, the milestones we’ve reached in 2024 reflect the growing momentum for change. Whether through policy shifts, impactful campaigns, or innovative financial solutions, your contributions have been invaluable in steering us towards a nature-positive future.

Looking ahead, we remain inspired by the opportunities and responsibilities that lie before us. As we continue this journey, let us carry forward the same determination, urgency and perseverance that have brought us this far. Together, we can achieve the ambitious goals set out for 2030—ensuring a thriving planet for generations to come.

Thank you for being an integral part of this journey. Here’s to another year of collaboration, action and hope for biodiversity! Have a wonderful Christmas and see you in 2025!

Best wishes,

The Finance for Biodiversity Team