PBAF Framework for Measuring Impact on Biodiversity
The Partnership for Biodiversity Accounting Financials (PBAF) presented its first Common Ground report at the Nature for Life Hub in New York. The report proposes a new framework for measuring the negative and positive impact on biodiversity of financial institutions and seeks to pave the way towards a harmonised biodiversity accounting approach for the financial sectors.
The report is the result of exchange of knowledge and experience by the financial institutions who are members of the PBAF platform. It is based on quantitative and qualitative research, and work to define common definitions, indicators and metrics. Financial institutions can use the framework to calculate their biodiversity footprint per asset class and disclose their impact on biodiversity.
The members of PBAF call on their institutions to join in the work to help protect and restore biodiversity.