The International Chamber of Commerce (ICC) has released a statement applauding the efforts made by countries to overcome differences and to successfully adopt the Kunming-Montreal Global Biodiversity Framework: to halt and reverse the loss of biodiversity which is deteriorating worldwide at rates unprecedented in human history.
Concluded at COP15 of the UN Convention on Biological Diversity in Montreal, the Framework sets goals and targets for the next decade and, for the first time, specific targets focused on business and on consumers.
An unprecedently strong business presence at COP15 called for an effective and ambitious Post-2020 Global Biodiversity Framework that would provide businesses with clear pathways for action, supported by government measures.
ICC Secretary General John Denton said:
“Businesses are already taking action to reduce negative and increase positive impacts on biodiversity. COP15 has sent a clear signal that governments must encourage and accelerate this momentum through coordinated policies and tools that encourage and incentivise businesses.”
ICC also welcomed the commitment by countries to provide the resources necessary to implement the new biodiversity framework through funding targets, and by redirecting financial flows from harmful subsidies towards positive incentives for the conservation and sustainable use of biodiversity.
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