BIOFIN-EU Unlock finance to protect and restore biodiversity

Nature is essential for human existence, and our quality of life and society depend on the natural environment, its biodiversity and ecosystem services. The design of the global financial system, which allocates capital to optimise financial returns irrespective of sustainability considerations, is contributing to large-scale biodiversity loss and pushing our biosphere closer to collapse. Financial institutions and markets shape our modern lives and influence the products we consume, where and how we live, our access to energy, food, and transport services, and where we place our savings. The financial system is formed from networks of financial institutions and intermediaries deploying decision-making tools and instruments that direct and redirect the flow of capital. The EU Green Deal and the Sustainable Finance Taxonomy provide an important starting point for aligning capital flows with sustainability objectives and redirecting finance toward nature-positive economic activity. BIOFIN-EU will use a multi-actor approach to create impact through a science-led dashboard for nature-positive financial decision support. Built with and for six key groups: ecologists, data scientists, financial and accounting experts, citizens, providers of nature-based solutions (NbS) as well as investors, the Dashboard will help actors navigate large-scale financing challenges and to develop, replicate, scale out and strengthen NbS-investment.