A race against time and against ourselves. Against the dangerous idea that we can’t do this, that there is no way. Unlike most races, it won’t have one winner. In this race we all win, or we all lose. Winning it requires a radical, unprecedented level of collaboration, from all corners of our world. From our cities, businesses, regions and investors. From people everywhere. Together we’re racing for a better world. A zero carbon and resilient world. A healthier, safer, fairer world. A world of wellbeing, abundance and joy, where the air is fresher, our jobs are well-paid and dignified, and our future is clear. To get there we need to run fast, and get faster. We need more and more people to join the race, and right now. This is not about 2050, it’s about today. The global commitment made at COP15 in Montreal, aiming to protect 30% of natural habitats by 2030 and achieve harmonious coexistence with nature by 2050, along with the increasing urgency, has catalyzed action from financial institutions. Many institutions now recognize the intertwined crises of nature loss and climate change and are taking steps to assess and mitigate their impacts on nature. Race to Zero members, Aviva Investors, Schroders, Robeco are among those leading the charge, incorporating nature and biodiversity into their strategies to drive positive change and address the financial risks associated with nature loss. Aviva Investors has seamlessly integrated nature and biodiversity into its net zero strategy across all operations. With a commitment to remove carbon from the atmosphere using nature-based solutions, they have allocated £100 million for woodland reintroduction projects in collaboration with renowned organizations like The Wildlife Trust, the Woodland Trust, and The Nature Trust. These projects, covering 3,000 hectares, will eliminate approximately 1.4 million tonnes of carbon emissions, equivalent to driving over 4.2 billion miles. Schroders, an asset management company, has committed to end deforestation and protect biodiversity. In their Group Nature and Biodiversity Position Statement, they address the nature and biodiversity exposures and impacts of their investments and operations. Demonstrating alignment with the Soft Commodities Compact, Schroders has also pledged to eliminate commodity-driven deforestation from their portfolios by 2025. Their comprehensive policy covers new and existing financing activities, aiming to address human rights abuses associated with deforestation across commodities such as palm oil, soy, cattle products, and timber. RobecoSAM has launched a thematic biodiversity investment strategy, recognizing the investment potential of biodiversity. They target companies strategically positioned to embrace biodiversity, improve their biodiversity strategies, and reduce their biodiversity footprint. By encouraging sustainable practices, Robeco aims to drive positive change and promote a biodiverse future. Egyptian bank, Banque Misr has partnered with NGO Misr el Khier to address the financing challenges faced by rural farmers. By granting access to land rental opportunities and providing working capital financing, the bank supports climate-smart agriculture projects. This initiative, part of their Corporate Social Responsibility (CSR) efforts, aims to create employment opportunities for youth and women-led households while mitigating the impacts of climate change on rural communities heavily reliant on agriculture. SouthBridge Investments has established VUMBUZI, a forestry fund that mobilizes contributions for restoration projects. Aligned with the AFR100 Initiative, which aims to restore 100 million hectares of deforested and degraded landscapes in Africa by 2030, the fund plays a crucial role. With support from grantmakers and organizations like the Bezos Earth Fund, VUMBUZI delivers tailored solutions for land and forest restoration across the 34 participating countries. By addressing the financial risks associated with nature loss, these institutions are driving positive change and demonstrating the crucial role of the finance sector in achieving a sustainable future in harmony with nature. How Race to Zero member, Aviva, uses campaign criteria, the 5Ps, to support the transition to a low carbon economy and address deforestation and biodiversity loss. On 17 May, the first of five Regional Finance Forums will take place in Bangkok with the aim of unleashing public and private climate finance in the region. There is growing evidence that the private sector can help address the climate adaptation finance gap and increase the resilience of vulnerable communities against the severe effects of climate change. Funding for climate action and policies at subnational level is essential to keep the world on track for 1.5 degrees of warming, according to new research published today by Race to Zero partner, Climate Group. Get the latest news, insights and events from the Climate Champions straight to your inbox