Accountability Accelerator Newsletter, March 2024

Dear Friends,

As we speed through this new year, we at the Accountability Accelerator wanted to share with our community some updates on our work. We hope this will be a useful way for us to communicate with you – and will serve as an invitation for you to reach out to us.

We look forward to being in touch on a quarterly basis and hope that you will feel free to reach out, share your thoughts, or make an introduction to other organisations that fit into the accountability ecosystem for nature.

Wishing you all the best for this year ahead.

With gratitude for your partnership and continued support,

Natasha M. Matic, Ph.D.

Executive Director

Accountability Accelerator

Part of the Global Commons Alliance (GCA)

Follow us on LinkedIn

 

PARTICIPATION AT THE VILLARS INSTITUTE SUMMIT IN SWITZERLAND

Participation at the Villars Institute Summit in Switzerland

From March 20-22, the Accelerator joined a broad network of funders, NGOs, entrepreneurs and companies to explore how philanthropy can address the economic systems drivers of nature loss. A new community of funders, convened by the Accelerator’s funder and partner Porticus, met in Villars person for the first time to share strategies, insights, and create a learning platform. We look forward to working with this community in the future to explore how more philanthropy can be engaged in growing the corporate accountability ecosystem for nature.

 

PLANNING FOR COP16 IN COLOMBIA

Planning for COP16 in Colombia

Something that we are very excited about is the recent announcement that the Convention on Biological Diversity COP16 will be held in the city of Cali, Colombia from October 21 to November 1 2024. We are planning on having a strong presence in Cali, and hope to gather our network of accountability actors together. If you are likely to be present, please reply to this email and let us know so we can include you in our planning.

 

HIGHLIGHTS FROM DAVOS

Accountability Accelerator at COP28 in Dubai

 

We were busy on the sidelines of the World Economic Forum in Davos, joining conversations around the acceleration and scaling of nature positive solutions, including integrating quantifiable real-world impacts on nature and people into accounting. While setting targets and corporate accountability on nature were recurring themes, there were also some comments that made us sit back and think.

At the Nature Positive dinner, H.E. Susana Muhamad, Minister of Environment and Sustainable Development of Colombia, gave an impassioned speech, in which she underscored the role of local communities and Indigenous Peoples at the front lines of the nature and climate crises.

“What does it mean to make peace with Nature? It means to build civilization, society and economy under environmental limits. Making peace with nature means understanding that we are part of that ecological process… Listen to the people that are at the front of the nature relationship and the climate crisis. Then maybe we will find some answers.

 

COP28 IN DUBAI

COP28 was a big success for the Accountability Accelerator. We launched two important tools, both of which have been more than a year in the making:

  • The Nature and Climate Action Resource Navigator guides companies and financial institutions on how to take first actions – and which resources to use – to address nature and climate action and transparency. We see this tool as a critical step to increasing transparency, enabling action, and reducingless greenwashing. At the launch, Nigel Topping said, “Campaigners are crying out to companies saying, ‘Wake Up!’ When companies wake up, they ask, ‘I’m Awake, What do I do?’ This Resource Navigator now provides them with an answer and a toolbox of what to do and where to start when it comes to Nature.”
  • The Nature Accountability Landscape Map creates a visual portrayal of the landscape of more than 800 actors that are engaged—or potentially could be engaged—on corporate accountability for nature. This is just the beginning, as we plan to add regional organisations throughout 2024. Please  explore the map – we look forward to your feedback and potential additions.

We welcome any feedback and hope these products are useful and effective tools in the accountability landscape.

 

NEW GRANTEES

We are now working more closely with projects across the Amazon region and the Congo Basin, and exploring more connections with Indonesia and Southeast Asia. (Our geographic approach takes its cues from the Three Basins Summit, held in October 2023.) In 2023, we made much-needed grants to the following organisations and projects:

  • ABRAMPA (Associação Brasileira dos Membros do Ministério Público de Meio Ambiente) to implement environmental responsibility in agribusiness commodity chains in Brazil;
  • Accountability Counsel to use international accountability mechanisms to hold mining corporations and their investors to their environmental commitments in Mongolia;
  • BSR to develop training modules for more efficient SBTN submissions and faster target validation, enabling companies to scale-up the use of science-based targets for nature;
  • Finance for Biodiversity Foundation to create company and sector profiles with footprinting data to allow investors to engage and challenge companies where needed;
  • Global Canopy to provide finance networks with a framework of clear, timebound and practicable expectations for deforestation-free action by the companies they finance;
  • Justiça Global to support the human rights of IPLCs and decrease potential environmental damage that may arise with the construction of a rail line in Brazil;
  • Partnership for Biodiversity Accounting Financials (PBAF) to familiarise financial institutions with available biodiversity impact & dependency assessment tools;
  • Planet Tracker to provide transparency tools to investors to strengthen corporate accountability of water usage and pollution in the textiles industry;
  • Rights CoLab to develop a package of investor tools to mitigate systemic environmental and social risks through strengthening human rights and environmental due diligence (HREDD) standards and ISSB regulation;
  • Southern Africa Resource Watch (SARW) to develop an online accountability platform and mobile application for Africa modelled around The Blue Map App by IPE in China.
  • Stand.earth to use campaigns and and influence policies to protect the empower indigenous peoples’ rights while preventing oil and gas expansion in Amazonia;
  • TNFD (Taskforce on Nature-related Financial Disclosures) to scope global architecture for a nature-related public data utility to support the data needs of business and finance.

Congratulations to all our 2023 grantees! We already have an amazing pipeline of accountability projects and organisations for 2024, and we look forward to growing the accountability community.

 

OUR TEAM IS GROWING

2023 brought Mariana Cascardo Michael, Coordinator, and Natasha Tariq, Director of Campaigns Strategy, to the Accelerator team.

2024 brings even more wonderful colleagues with extensive expertise to support our communities and grantmaking:

 

P.S. HERE IS A LIST OF SOME OF THE MORE INTERESTING ARTICLES THAT WE HAVE BEEN READING