FfB launches Nature Target Setting Framework

November 30, 2023

Finance for Biodiversity Foundation launches the Nature Target Setting Framework for Investors.

The Finance for Biodiversity (FfB) Foundation launches the Nature Target Setting Framework for Asset Managers and Asset Owners today. The framework aims to guide investors in setting targets and steering financial flows in alignment with the mission of the Global Biodiversity Framework to halt and reverse biodiversity loss by 2030. 

‘This is a milestone initiative under the FfB Foundation. As one of the five commitments of the FfB Pledge, setting targets holds significant importance. Following an inclusive co-creation process involving our target setting working group members and key partners, we take pride in unveiling the resultant framework. We hope this framework will help our signatories and other investors to set nature targets. There is no time to waste in initiating setting targets on nature and taking decisive action on nature’, says Anita de Horde, Executive Director of FfB Foundation.

Four types of targets are set out in the framework to create a shared understanding and common language for investors: initiation, sectoral, engagement, and portfolio coverage targets.

Alignment with the GBF and net-zero frameworks

Developed in collaboration with 44 FfB member organisations from the Target Setting working group, the framework seeks alignment with the Global Biodiversity Framework (GBF) and other frameworks on climate and nature.  The framework enables ‘investors to align portfolios with the goal of the Kunming-Montreal Agreement to halt and reverse nature loss by 2030. We are building on existing net zero frameworks and aligning with nature-related initiatives to ensure investors can work towards integrated climate and nature transition plans. We are encouraging all asset owners, asset managers, and other financial institutions, also beyond the signatories of the Finance for Biodiversity Pledge, to use this guide, to help advance it, and to join us in setting targets,’ responds Lucian Peppelenbos, Climate and Biodiversity Strategist and Executive Director at Robeco, and Co-chair of the Target Setting working group.