WWF Annual Review 2021 - 18

BUILDING A NATURE
SUPPORTING GLOBAL EFFORTS TO REVERSE NATURE LOSS IN THE COMING DECADE WILL REQUIRE ACTION ACROSS MANY FRONTS.
GREENING FINANCE AND
FINANCING GREEN
As we face the dual challenge
of climate change and nature
loss, financial institutions
increasingly recognize the
stranded asset risks inherent
in the transition to a lowercarbon
economy, and the
physical risks of a warming
world. They are also starting
to look beyond renewable
energy to other opportunities
to support a more
environmentally sustainable
economy. This welcome shift
in thinking must convert
into action to support a rapid
transformation of the global
economy in the coming decade.
WWF is encouraging this
transformation in several
important ways. First, by
engaging financial regulators
to improve understanding
of the systemic risks arising
from climate change and
biodiversity loss. In 2021,
we launched a framework to
benchmark policies and
actions that central banks,
financial regulators and
supervisors adopt to create a
greener financial system.
We also joined a collaborative
research project to improve
the understanding of the
relationship between
biodiversity loss and
financial stability.
Second, by strengthening
the definitions of " green " -
including continued work on
freshwater and sustainable
blue economy finance -
and helping guard against
greenwashing. WWF has
participated in significant
efforts to improve the green
and blue standards in use for
investing, including the EU
sustainable finance taxonomy
and the green bond principles.
We also helped launch the
Taskforce on Nature-related
Financial Disclosures to
develop a framework to
disclose nature-related
risks, and we work through
partnerships like the Science
Based Targets initiative and
Net-Zero Asset Owner Alliance
to develop methodologies and
tools for financial institutions
to align with the science-based
target of the Paris climate
agreement.
Third, by bringing this work to
the field by actively supporting
investment in green - and
blue - solutions. Through
an innovative partnership in
the Dutch Fund for Climate
and Development (DFCD)
for example, WWF is helping
to advance bankable nature
solutions by sourcing
financing and investment
projects from India to
Indonesia to Brazil.
Margaret Kuhlow,
Global Finance
Practice Leader
Dermot O'Gorman,
CEO,
WWF-Australia
WWF INTERNATIONAL 2021
© Luis Barreto / WWF-UK

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WWF Annual Review 2021

Table of Contents for the Digital Edition of WWF Annual Review 2021