Biodiversity loss is accelerating due to human activities, posing serious risks to ecosystems, economies, and societies. Adopted in 2022, the Kunming-Montreal Global Biodiversity Framework sets ambitious targets to halt and reverse nature loss by 2030, calling for coordinated action across all sectors. As public finance alone is insufficient, greater private sector engagement is critical. Businesses and financial institutions are increasingly expected to adopt nature-positive practices, assess and disclose nature-related risks, and align financial decision-making with global standards such as Taskforce on Nature-related Financial Disclosures, International Sustainability Standards Board, the Global Reporting Initiative, and the Corporate Sustainability Reporting Directive, responding also to growing consumer demand for sustainable and responsible practices.
PUBLICATIONS
Ecosystem Accounting in Armenia: Setting the Scene
Armenia has begun developing a national accounting system aligned with the UN System of Environmental-Economic Accounting – Ecosystem Accounting (SEEA EA), starting with water accounting. The Governmental Decision on the classification of land cover in RA (2019) initiated the first step toward ecosystem accounting by establishing extent accounts for land-cover classes. To support this move […]
