The Banking Executive, Issue 155, November 2021

2021 G20 Rome Summit small-holder and marginal farm- ers and better integrating urban- rural interface. We recognize that promoting sustainable food systems, including by strengthen- ing global, regional and local food value-chains and interna- tional food trade, will contribute not only to food security, but also make a major contribution to tackling the interlinked global challenges of climate change and biodiversity loss. We ac- knowledge the outcomes of the Food Systems Summit, including initiatives such as the School Meals Coalition, and invite all partners to contribute to its fol- low-up, highlighting the impor- tance of reinforced co-ordination in food system policy-making and of improved financing tools for sustainable food systems. 16. Environment. We commit to strengthen actions to halt and re- verse biodiversity loss by 2030 and call on CBD Parties to adopt an ambitious, balanced, practi- cal, effective, robust and trans- formative post 2020 Global Biodiversity Framework at COP15 in Kunming. We wel- come the launch of the UN Decade on Ecosystem Restora- tion 2021-2030, reaffirm the shared ambition to achieve a 50% reduction of degraded land by 2040 on a voluntary basis, and will strive to achieve Land Degradation Neutrality by 2030. We will build on the G20 Global Initiative on Reducing Land Degradation and Enhancing Conservation of Terrestrial Habi- tats launched under Saudi Presi- dency and look forward to its upcoming Implementation Strat- egy. We recognize the efforts made by a number of countries to adhere to the Leaders' Pledge for Nature and to ensure that at least 30 % of global land and at least 30 % of the global ocean and seas are conserved or pro- tected by 2030, and we will help to make progress towards this objective in accordance with na- tional circumstances. We en- courage and support others to make similarly ambitious com- mitments. We will pursue our ef- forts to ensure the conservation, protection and sustainable use of natural resources and will take concrete measures to end over- fishing, deliver on our commit- ment to end illegal, unreported and unregulated fishing, and combat crimes that affect the en- vironment such as illegal log- ging, illegal mining, illegal wildlife trade and illegal move- ment and disposal of waste and hazardous substances. We un- derline the many synergies in fi- nancial flows for climate, biodiversity and ecosystems, and we will strengthen those syner- gies to maximize co-benefits. In this context, we recognize the importance of work on nature- related financial disclosure. 17. We will scale up and encourage the implementation of Nature- based Solutions or Ecosystem- based Approaches as valuable tools providing economic, so- cial, climate and environmental benefits including in and around cities, in an inclusive manner and through the participation of local communities and Indige- nous Peoples. We will integrate the implementation of a One Health approach in relevant policies and decision-making processes. We recognize that ISSUE 155 NOVEMBER 2021 the BANKING EXECUTIVE 41