Assessing companies and financial institutions biodiversity footprint using the Global Biodiversity Score (GBS)
📆 CDC Biodiversité organised a webinar to present the Global Biodiversity Score (GBS) on January 26th, 2023.
📢 About this event
How can financial institutions (FIs) comply and anticipate with the Sustainable Finance Disclosure Regulation (SFRD) and Taskforce on Nature-related Financial Disclosures (TNFD)? Can one metric sum up the biodiversity impact of economic activities? How can businesses set science-based targets to reduce their impact on biodiversity and align with planetary boundaries and international goals as they do for climate (e.g. -30% biodiversity footprint by 2030)? How to define an activity with low impact on ecosystems in connection with the Green Taxonomy of the European Union?
After five years of development, CDC Biodiversité launched in May, 2020, its biodiversity footprint assessment tool: the Global Biodiversity Score (GBS), which seeks to address these questions and makes it possible for companies or financial institutions to evaluate their impact on biodiversity. The GBS has been developed with the Businesses for Positive Biodiversity Club (B4B+), a group of about 10 financial institutions and 25 companies, benefiting from extensive road-testing. About ten biodiversity footprint assessments of companies have already been completed with the GBS. This tool allows to perform the SBTN’s Step 1, to define a baseline and set targets within Step 3 and then to monitor the achievement of these objectives within Step 5.
📌Agenda
16:00 – 16:05 Opening of the webinar and welcome participants 👋 16:05 – 17:30 The Global Biodiversity Score and its environment
Context of the biodiversity footprint
Methodology of the Global Biodiversity Score (GBS)
Context of the biodiversity footprint
Biodiversity Footprint Assessment & SBTN‘s steps
TNFD & proposals for financial institutions
The B4B+Club
GBS trainings
Towards a common standard for biodiversity footprint
