The 2026 marks four years since the adoption of the Kunming-Montreal Global Biodiversity Framework (KMGBF), which represented a significant milestone for corporate transparency on nature-related disclosure. Through Target 15, Parties committed to encouraging and enabling transnational companies and financial institutions to regularly monitor, assess, and transparently disclose their biodiversity-related dependencies, impacts, risks, and opportunities. 

Since biodiversity loss is ranked among the top three global risks over the next 10 years, governments, businesses, financial institutions, and society are called upon to accelerate the adoption of concrete actions to halt and reverse biodiversity loss and contribute to the achievement of the KMGBF’s goals and targets by 2030, particularly in megadiverse countries, which are home to at least 70% of the world’s terrestrial biodiversity.

Brazil, which holds the world’s greatest biodiversity, has been implementing its National Biodiversity Strategies and Action Plans (NBSAPs) through a multisectoral process that includes dialogue with the private sector and other stakeholders. As part of this effort, the Brazilian Business Council for Sustainable Development (CEBDS) proposed a three-phase process to support the implementation of Target 15. In support of this process, CEBDS has been undertaking a series of initiatives to promote corporate transparency and advance nature-related reporting among companies and financial institutions, contributing to the achievement of Target 15 in Brazil.

This event will bring together representatives from governments, international organizations, companies, and financial institutions to exchange experiences and lessons learned in advancing the implementation of Target 15 and NBSAPs, with a particular focus on megadiverse countries, showing cases from Brazil, Indonesia and Asean/Latam countries. Discussions will explore policy developments, progress on NBSAP implementation, practical approaches to corporate transparency and nature-related disclosure, and the role of the private sector in supporting national biodiversity goals. By sharing experiences and successful practices from different regions around the global, the side event aims to strengthen collaboration among governments, businesses, financial institutions, and civil society, fostering the implementation of effective actions to advance the objectives of the Kunming-Montreal Global Biodiversity Framework.