As part of WAVES/GPS support, Zambia has produced a natural capital accounts report, Zambia Economic Brief, Wealth Beyond Mining: Leveraging Renewable Natural Capital, that highlights the country’s wealth composition over a period of 20 years (1995-2014) and the role of renewable natural capital in supporting a sustainable growth.
Fiona Stewart, Global Lead Insurance and Pensions, World Bank Group participates in a quick-fire ‘Speakers’ Corner’ segment on “Five big ideas for mobilizing private sector financing for biodiversity”. This was part of the winning short presentations from the Responsible Investor Digital Festival: Summer 2020`s market call for new, deeper and urgent thinking on sustainable finance.
A new report, Sustainable Investment: Best Practice Disclosure Checklist for Pension Funds, part of our work embedding sustainability practices into institutional investor practices, attempts to addresses this challenge. This report provides a comprehensive checklist of the disclosures that asset owners’ stakeholders are likely to be interested in.
Under the “Road to Kunming” work, GPS is supporting a series of analytical and outreach initiatives to inform the new Global Biodiversity Framework. The objective is to shed new light on the linkages between healthy ecosystems and healthy economic and financial systems; and on the policies that can maintain or restore that nexus.
Over the last century, our species has increasingly dominated the earth, expanding, developing, growing … but also polluting and depleting our non-renewable resources, creating irreversible losses in biodiversity.
What matters today is how we flatten the curve. What will matter tomorrow is how we stimulate economic recovery and ensure that economies are green, clean, and resilient. We can’t do this without thinking about how to put natural capital to work for its people.