The multilateral development banks (MDBs), including the European Bank for Reconstruction and Development (EBRD), have agreed to step up their efforts towards the protection, restoration and sustainable use of nature.

In a joint statement signed at the COP26 Climate Conference in Glasgow, the institutions state that “progress on global sustainable development, climate and biodiversity goals cannot be achieved without addressing the direct and indirect drivers of nature loss and transforming the way in which we value, use, conserve and share the benefits from nature”.