"There is a growing recognition of the need to transition to sustainable business models that protect biodiversity and ecosystem services. Finance and innovative financial solutions are key to supporting this transition; and biodiversity finance has emerged as a fast-growing area in green finance with increased interest from investors, financial institutions, and issuers globally. Currently, however, there is no guidance in the market on project eligibility criteria for biodiversity finance.

"To address this gap, IFC (International Finance Group of the World Bank) has developed a Biodiversity Finance Reference Guide. This guide builds the Green Bond Principles and the Green Loan Principles and provides an indicative list of investment projects, activities, and components that help protect, maintain, or enhance biodiversity and ecosystem services, as well as promote the sustainable management of natural resources."

Publication: Biodiversity Finance Reference Guide