Financing a Shared Future for All Life on Earth | Elizabeth Mrema, UN CPD & Lorna Slater MSP

How can governments and financial institutions ensure that nature is effectively protected and restored?

COP15, the landmark UN Biodiversity summit, should have taken place this week, but was unfortunately delayed due to the pandemic. Instead, we sat down with UN Convention on Biodiversity Executive Secretary & Taskforce for Nature-Related Financial Disclosures (TNFD) Co-chair Elizabeth Mrema and Scottish Minister for Green Skills, Circular Economy and Biodiversity Lorna Slater MSP to discuss some of the issues that might have been discussed. With Natalie Jackson, GEFI Technical Lead, Lorna and Elizabeth discuss why we need to finance nature, the Global Biodiversity Framework, how governments can help and what the Scottish Government is doing in this space.

With the forthcoming Global Biodiversity Framework, the Convention on Biological Diversity is setting the stage for a worldwide re-direction of financial flows away from nature-negative and towards nature-positive outcomes. Market players are speeding ahead with testing the Taskforce on Nature-related Financial Disclosures (TNFD) beta framework, to make it ready to inform and respond to these new international norms around nature, nature-based solutions and finance. As part of the Scottish Government’s National Strategy for Economic Transformation, we have committed to establishing a values-led, high-integrity market for responsible investment in natural capital.

Despite on-going efforts, biodiversity is deteriorating worldwide and this decline is projected to worsen with business-as-usual scenarios. This session, aimed at global finance practitioners, is intended to raise aware and inspire practical action in relation to the critical need to finance. It will provide an update on global and national initiatives to help drive the action required to finance a shared future for all life on earth.

GEFI has a long history of supporting finance for nature, from a programme of collaboration between UNDP, GEFI and the Scottish Government, to the COP26 launch of an exclusive, commercial platform showcasing financial products that are directly aligned to the SDGs. The platform works with partners throughout the product lifecycle to share learnings and build the ecosystem of SDG aligned financial products across asset classes. See more at

Alongside this work our Finance for Nature Series has brought together nature experts and the finance industry to discuss the most effective solutions to financing nature and biodiversity. Past and planned events include a physical summit in 2019, a 2020’s virtual global series, supporting UNDP’s Nature for Life hub, a dedicated session at our Ethical Finance 2021 summit, and events at COP26 on the banks of Loch Lomond.

Explore more:
Interview with Prof. Sir Partha Dasgupta:
Panel on practical action on biodiversity:
Jamison Ervin of UNDP on the biodiversity challenge:
Financing Nature and the SDGs:
Finance for Nature Global Summit:
Why is it so important to finance nature, with Achim Steiner of UNDP:
Aligned Accountability – A Common Database on Deforestation | Path to COP26:
Kate Forbes | Finance for Nature | Path to COP26:
Investing at scale: aligning value chains locally with LENs | Finance for Nature | Path to COP26:
Success Factors for Blended Finance: the OECD’s Five Principles | Finance for Nature | Path to COP26:

For more details: