This guidance primer takes a practical approach to biodiversity target-setting and is based on the needs identified by Principles for Responsible Banking (PRB) Working Group members, acknowledging biodiversity as a key impact area and providing examples, tips and approaches to areas that are absent from existing guidance materials.
The guide includes a potential categorization for use in a banking context, primed to align to science-based approaches; bank-specific case studies; bank-specific FAQs; sample positive key performance indicators (KPIs); and potential exclusions.
It will allow PRB Signatories to prepare to take a systematic approach to setting and achieving biodiversity targets in the context of the principles, and move towards implementing their public commitment to managing their biodiversity impacts, as well as exposure to biodiversity-related risk, beyond the scope of PRBs.