As government officials begin negotiating Wednesday toward a hoped-for deal to protect the wildlife and resources that prop up the global economy, investors are looking for one thing above all - clarity.
As the COP15 biodiversity summit kicks off in Montreal, businesses and corporate leaders are pushing for an ambitious agreement with strong policies that will provide guidance to companies seeking to change.
In the course of the two-week summit, all 196 governments under the U.N. Convention on Biological Diversity need to agree on how to go about ensuring there is more "nature" - animals, plants and ecosystems - in 2030 than there is now. They are under increasing pressure to show progress in tackling climate change and reducing harm to the environment. But countries have yet to agree on which environmental goals to prioritize, how companies should report environmental risk and how their activities should be regulated.
"We want to see a framework that's really providing clear targets, clear definitions to enable action to be taken. And helping to then build up a pipeline of nature-positive projects and investments," said Tamsin Ballard, the climate and environment director at the Principles for Responsible Investment, a U.N.-backed network of investors.
"If we take that mindset to nature, it leads to the investment models that would allow us to invest in nature as infrastructure," he said.
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