Finance for Biodiversity has rebranded as NatureFinance, as it unveils its latest project investing in early-stage biodiversity businesses.
The non-profit announced the rebrand at a conference in Geneva on Wednesday (5 October), saying it will take forward the work of Finance for Biodiversity, which has helped to catalyse action on how investors count nature-related risks, as well as analyse how natural capital is being valued in sovereign debt markets, and broaden awareness of nature’s connection to the economy. It will also continue to support the work of the Taskforce on Nature-related Financial Disclosure (TFND).
It also announced its Catalytic Investment Facility that will invest early-stage businesses that have the potential to shape a nature-positive market with seed funding from the Mava Foundation. This is scheduled to rollout in 2023.
Dr Simon Zadek, executive director of NatureFinance (formerly Finance for Biodiversity), said: “Nature is the foundation of our $95trn global economy, yet faces unprecedented collapse, damaging efforts to address climate goals. Aligning global finance with a thriving, regenerated nature is a pre-condition for sustainable development.”
“Tackling climate change and reversing nature’s endangered state needs a reset of the nexus between nature and finance in shaping tomorrow’s businesses and economies and the distribution of their economic benefits.”