Joint report – Meeting the Global Biodiversity Framework’s Target 15
New ECOS report prepared with Biodiversify analyses Target 15, one of the main outcomes from the 15th Conference of Parties (COP 15) of the Convention on Biological Diversity. This Target encourages and enables the private sector to monitor, assess and transparently disclose risks, dependencies and impacts on biodiversity both within their own operations and across their supply and value chains.
Protecting biodiversity is crucial. Not only as an answer to the loss and degradation of ecosystems but also for tackling the climate crisis and reducing pollution levels. To stay within a safe operating space for humanity and the planet, we urgently need to address the triple planetary crisis of climate change, pollution and biodiversity loss.
In December 2022, the 15th Conference of Parties (COP 15) of the Convention on Biological Diversity (CBD) took place in Montreal, Canada. The outcome of COP 15 was the new Global Biodiversity Framework (GBF) which sets 4 main Goals and 23 Targets. This report provides an assessment of this new framework and then focuses specifically on clause (a) of Target 15 of the GBF, which commits parties to take measures to encourage and enable the private sector to monitor, assess and transparently disclose risks, dependencies and impacts on biodiversity both within their own operations and across their supply and value chains. This report assesses the challenges and opportunities associated with the Target and its overall strengths and weaknesses, as well as looks into existing tools and frameworks, and provides policy recommendations that can support effective implementation.
Download the full report, HERE.
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