Italiano
The second part of COP16 took place in Rome, following the last meeting in Colombia at the end of 2024.
The promise made was to mobilize 200 billion dollars annually for biodiversity protection. This is an important achievement, but this amount may not be sufficient without also changing the role of banks.
The calculation of the resources needed to halt biodiversity loss amounts to very high figures, reaching between 700 and 950 billion dollars annually. Emphasis is also placed on the quality of the projects to avoid the so-called “greenwashing.”
Banks are therefore becoming crucial actors for raising funds, and they are invited to consider the impact of their activities on nature, a “double materiality” that measures both environmental damage and the economic risks linked to biodiversity loss.
Currently, private flows for nature amount to only 35 billion dollars annually, compared to 5,000 billion dollars that harm the environment. It is necessary for banks to recognize their financial approach by measuring success in terms of environmental and social well-being rather than just profit. Ethical banks are already adopting these practices.
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