UN official: Private sector has key role in protecting biodiversity, nature

01 / 03 / 2024

By Marwa Nassar - -

Gabriela Andrea, a Senior Technical Officer in the Nature team at the United Nations Environment Program (UNEP) and TNFD GEF project, highlighted the pivotal role of the private sector in protecting biodiversity and nature, emphasizing the need for monitoring the financial impact and benefits of such actions.

She made the remarks during the 14th CSR & Sustainable Development Forum, currently held in the Red Sea resort city Sharm El Sheikh.

Andrea expounded that there is increasing understanding that businesses cannot be maintained as they are if nature continues to deteriorate as several parts of the world will not be safe.

She added that the central banks have every reason to be concerned and puzzled about financial stability, especially if nature deteriorates at current levels.

She noted that the Global Biodiversity Framework (GBF) can play a key role in avoiding natural risks, adding that this frame took several decades of negotiations.

Andrea pointed out that many countries worldwide have shown enthusiasm due to this fundamental agreement.

She pointed out that many countries worldwide have shown enthusiasm towards this fundamental agreement, noting that this would mark a starting point for shedding light on its 23 goals.

Within the next two years, “TNFD” will have a mission to accomplish reflecting all its efforts towards climate and supporting the shift from negative to positive aspects.