Authored by UNEP FI’s Principles for Sustainable Insurance Initiative (PSI) and Nature Teams, this briefing paper articulates the role that insurers can play in supporting the goals of the Kunming-Montreal Global Biodiversity Framework and ultimately support the transition to a nature-positive global economy.

The themes presented in the paper build on the long-standing work of the PSI in addressing nature-related risks over the past decade—from tackling illegal, unreported and unregulated (IUU) fishing, environmental pollution liability, plastic pollution and high-impact hydropower projects; to protecting UNESCO World Heritage Sites and building climate resilience by protecting ecosystems such as coral reefs and mangrove forests. This work culminated in the agenda-setting PSI Nature-Positive Insurance Series in 2021 co-organised by the UN Convention on Biological Diversity, as well as the inclusion of nature-related risks in the development of the first-ever environmental, social and governance (ESG) guides for non-life insurance (2020) and life & health insurance (2022) produced by the PSI.