Financial actors and academia join forces to build back biodiversity
Today is International Biodiversity Day! This year with the theme “From agreement to action: build back biodiversity”, and for us, that is a good reason to highlight the potential of the finance sector in reviving biodiversity
In December 2022, the World agreed on a landmark roadmap to protect and restore biodiversity. The Kunming-Montreal Global Biodiversity Framework was widely received as a success. However, it remains unclear how to achieve the ambitious goals of the agreement, including the target to protect 30 per cent of the Earth’s surface by 2030.
One key role is going to fall on financial actors.
“Biodiversity loss is unravelling the web of life that supports all people, societies, and economies – including the financial system. This loss is driven by our global economy which is steered by finance”, says Centre researcher Garry Peterson.
Garry Peterson leads a Mistra-funded programme called FinBio - Finance to Revive Biodiversity with the aim to provide cutting-edge research to connect the financial system and biodiversity.
A connection is needed in two ways: The programme sets out with the goal of ‘greening finance and financing green’.
On one hand, it’s about taking stock of and reducing environmental impacts of investments. On the other, it’s about identifying business models that safeguard existing biodiversity.
“In FinBio we want to support the financial sector to start enhancing the resilience of our planet by reversing the loss of nature and biodiversity,” explains Garry Peterson.
To do this, the programme gathers a consortium of top scholars in a range of fields from economics to biodiversity science and even philosophy. The team of researchers also works together with strategic impact partners that can help translate research outputs into the real world.
“Our impact strategy is based on a systems view of the financial sector – we recognize that different participants have different roles to play. Our impact partners have been carefully selected to help us translate our research outputs into real-world financial impact and drive change across a significant portion of the financial services industry,” says Beatrice Crona, Centre researcher and senior scientific advisor with FinBio.
FinBio is hosted by Stockholm Resilience Centre at Stockholm University, and brings together experts from different academic fields as well as strategic impact partners that can help translate research outputs into real-world financial impact.
Read more about FinBio: finbio.org
News & events
Stockholm seminars | 2023-10-11
How relationships contribute to and can help solve grand sustainability challenges
Michele Barnes, James Cook University, uncovers how relationships can mediate the drivers and outcomes of sustainability challenges
General news | 2023-09-19
New Google.org grant funds Centre research on AI-powered climate risk tool
Google.org has awarded five million US dollars to a group of scientists, including Centre researchers, to develop and scale ClimateIQ , an artificial intelligence-powered climate risk evaluation tool for cities
General news | 2023-09-19
Researchers and chefs team up for a sustainable lunch week
“Risotto on Swedish oat-rice, with apple cider vinegar, blue mussels from Bohuslän, parsley, and grated Svecia cheese”. That’s one of the science-cooked dishes that guests can enjoy at “A Planetary Lunch” — an experimental lunch week at Stockholm university
Research news | 2023-09-14
The SDGs are not on track — new report outlines what needs to happen
Humanity is set to miss the Sustainable Development Goals. But decisive and timely policy actions can kickstart extraordinary turnarounds and a giant leap toward achieving the SDGs
Research news | 2023-09-13
All planetary boundaries mapped out for the first time, six of nine crossed
For the first time, an international team of scientists is able to provide a detailed outline of planetary resilience by mapping out all nine boundary processes that define a safe operating space for humanity.
General news | 2023-09-04
Centre secures 28 MSEK research funding in two new Formas grants
The two grants worth 14 million SEK each will focus on the intersection of climate, water and biodiversity