Finance Finland and its member organisations are committed to give their full support to measures promoting the aims of the Kunming-Montreal Global Biodiversity Framework. The progress of the nature commitment is monitored with a set of indicators and an annual survey. The survey results are public.
Finance Finland represents banks, life and non-life insurers, pension providers, fund managers, finance houses and securities dealers. In November 2023, Finance Finland’s Board of Directors gave its full support to measures promoting the aims of the Kunming-Montreal Global Biodiversity Framework.
A working group consisting of representatives from Finance Finland’s member organisations compiled a set of indicators to describe and monitor the sector’s measures to prevent biodiversity loss between 2024 and 2028. The purpose of these indicators is to show how financial sector companies measure, monitor and disclose their own nature-related risks, dependencies and impacts.
Each member organisation decides which measures it takes to prevent biodiversity loss and how it reports on its nature action. The commitment does not entail specific reporting requirements, but organisations are encouraged to apply the Taskforce on Nature-Related Financial Disclosures (TNFD) reporting framework.
Read the full commitment from the link below: