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The Beijing-headquartered state-owned multinational bank is the first Chinese financial institution representative on the Taskforce on Nature-related Financial Disclosures, which now has 40 members.
There can be no business on a dead planet, and yet most of the region's largest firms do not measure their impact on nature – and focus only on climate in their sustainability reports, a study by National University of Singapore Business School finds.
The initiative is philanthropy-led and will extend beyond traditional Marine Protected Areas (MPAs) to cover conservation of more existing ocean ecosystems. Less than 3 per cent of the region's national waters are under formal protection but a deadline to meet a global conservation target looms.
As COP16 in Colombia nears, renowned Argentine biologist Sandra Díaz champions the need for transformative change to tackle biodiversity loss.
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