The KMGBF calls for financial flows to become progressively aligned with biodiversity goals. For MDBs, this raises a practical question about how these biodiversity commitments are influencing investment decisions and the conditions attached to financing. This panel will bring together representatives from multilateral financing institutions to share practical examples of how they are balancing biodiversity risks with competing development priorities. Panelists will each present a case where biodiversity considerations have materially influenced an investment decision, project scope or design, financing conditions, or the decision not to finance a particular activity, and share what was learned from the process. 

The discussion will focus on lessons learnt, innovative financing and risk management approaches, and how development financiers are adapting their policies, partnerships, and project delivery models to support more sustainable development outcomes while responding to a rapidly changing operating environment. ADB’s EAP 2024–2030 aims to scale up nature-positive investments and mainstream environmental considerations across ADB operations, while ADB’s ESF strengthens biodiversity risk management through ESS6. 

The session is relevant to KMGBF Target 14, on integrating biodiversity into decision-making and aligning financial flows, and to Target 15 on assessing and addressing biodiversity-related risks, dependencies, and impacts, and to COP17’s review of collective progress in implementing the KMGBF.