Terms of Reference for the G7-Alliance on Nature Positive Economies
1. Objective and Scope of the G7-Alliance on Nature Positive Economies
1) G7 leaders committed to a global mission to halt and reverse biodiversity loss, and to become“Nature Positive” in the G7 2030 Nature Compact, as an annex to the communiqué at the G7
Summit in the UK in June 2021.
2) In addition, the Kunming-Montreal Global Biodiversity Framework (GBF) was adopted byParties at CBD/COP15 in December 2022. It included the importance of integrating biodiversityand its multiple values within and across all levels of government and across all sectors ofsociety especially in Targets 14-16. As this will be the first G7 Ministerial meeting after theadoption of the GBF we need to now rapidly move to mobilization to maintain global ambition
on biodiversity and help drive swift, efficient and effective implementation of the framework.
3) In the G7 2030 Nature Compact, we recognized our unique role and acknowledged thenegative and unsustainable impact our economic activity can have on nature and wildlife,
abroad as well as at home, and the necessity of global system-wide change not only forbecoming net zero but also for becoming nature positive for the benefit of both people andthe planet. In the Compact, we also committed to working collaboratively with stakeholders
and partners to drive global system change that works for all.
4) Becoming “Nature Positive” requires the shift of our economies to Nature Positive Economies(NPEs) where nature is mainstreamed and its diverse values are incorporated and enhanced.
The G7-Alliance on Nature Positive Economies (G7ANPE) serves as a forum to share knowledge
and create information networks on a voluntary basis in collaboration with the private sector
and the civil society, and will be a contribution by G7 members to lead discussions and actions
towards transitioning to NPEs, involving whole of governments and societies.
5) The G7ANPE including Pillars 1 and 2 will contribute to the achievement of relevant global
objectives, including those under the GBF, the Paris Agreement and the 2030 Agenda for
Sustainable Development and its Sustainable Development Goals.
6) The remit of the G7ANPE will cover all forms of mainstreaming nature in economies, including
both public and private sector action. The focus of the G7ANPE in any given year will be
determined by the G7 Presidency, in consultation with the members of the G7, identifying themost important gaps and opportunities to establish activities, which may change over time
according to need.
7) As a first step towards its overall purpose, in the inaugural year (2023) the G7ANPE will focus
on two specific themes: first, sharing experiences on business opportunities and second,enhancing information disclosure with businesses, including in connection with the Task Forceon Nature-related Financial Disclosures (TNFD) or other relevant international organizations
and work. To achieve that, G7ANPE members will first share their understanding on thedefinition of “nature positive”. There are two thematic pillars as follows.

Pillar1: Sharing Information on Business Opportunities
8) The objective of Pillar 1 is to develop and share case studies of the technologies and public
and private innovations, including business models, that can support Nature Positive
Economies. This objective stems from a strong need from private companies for deploymentand diffusion of nature positive technologies, innovations and approaches, including
computational systems and robotics, using existing technologies, financing and businessmodels in innovative nature positive ways.
9) Initially, we focus on nature-based solutions and nature-positive technologies, innovations
and financing and business models that generate private and public benefits, for example thathave co-benefits with addressing not only biodiversity loss, but also climate change, pollution
prevention, and circular economy, as well as those solving social issues. Adding values inaddition to nature conservation, restoration and sustainable use reduces financial risk of newtechnologies and business models, which can motivate actions and increase private and publicresource mobilization for nature. At the same time, technologies and business models thathave multiple benefits can achieve synergies among those areas and prevent trade-offs.
Detailed information of technologies and business models dealt under Pillar 1 will be compiled.
10) The G7ANPE will organize an international workshop of private sector representatives, andother organizations with relevant expertise, including financial institutions, for informationexchange, discussions, and potential cooperation. We aim to identify technologies andbusiness models that reduce biodiversity loss or create biodiversity gains from businessactivities, contribute to restoration, conservation and sustainable use of biodiversity in order
to diffuse them on a global scale.

Pillar2: Enhancing Information Disclosure11) Recognizing the importance of facilitating or encouraging disclosures of nature-related risks,
dependencies, and impacts, by businesses and financial institutions in various ways, progresshas been made by some jurisdictions, who have mandated nature-related disclosures, and bynumerous groups to better understand underlying data needs and develop voluntary
disclosures or reporting frameworks, such as the Taskforce on Nature-related Financial
Disclosures (TNFD), the Capitals Coalition, the Natural Capital Protocol, the International
Standards of Accounting and Report, the International Sustainability Standards Board (ISSB),
the Global Reporting Initiative (GRI), the UN Global Compact, the System of Environmental
Economic Accounting, the Network for Greening of the Financial System and efforts by theprivate sector.
12) Pillar 2 aims to share perspectives on which elements of information related to nature andbusiness activities would be reflected in disclosures in order to be consistent and interoperablewith the policies of each government, and on issues concerning disclosures including thechallenges facing firms.
13) Outputs of the G7ANPE will be shared externally under the consent of the G7SOM. Outputs
may be shared with the TNFD, or other disclosure-related or reporting-related newframeworks released in 2023.

2. Participation
14) The G7ANPE is inclusive in nature and open to ambitious countries, businesses, research
institutes, international organizations with relevant expertise, and other relevant stakeholders
and partners. Participation in the G7ANPE indicates their support to the implementation of theG7 2030 Nature Compact.
15) Relevant stakeholders and partners may be invited to participate as appropriate to achieve
the objectives of the G7ANPE.

3. Governance and next steps16) After the endorsement of these Terms of Reference, the G7ANPE will be established.
17) For Pillar 1,a) Japan Business Federation (Keidanren) will serve as an organizer in 2023 as the Business 7Presidency and a representative of business and financial sector in Japan.
b) The first workshop will be held in Q3-Q4 of 2023. Details will be circulated later.
c) The B7 Presidency will serve as an organizer of the workshop in each year on a rotating basis
unless the G7 presidency decides otherwise.
d) As an outcome of the workshop in 2023, a report of compiled case studies will be presented
in a CBD-COP16 side-event.
e) At the G7 Presidency’s discretion, after 2024, under a rotating organizer of an industry
representative organization in each year's G7 presidency, we will hold a workshop or sideevent of the CBD-COP in collaboration with G7 members, if necessary, utilizing existing
frameworks, and focusing on the topics identified by the relevant presidency.
18) For Pillar 2,a) Ministry of the Environment of Japan will serve as an organizer in 2023 as G7 presidency. For
maximum success, the Ministry will welcome participations from other ministries concerning
economic issues.
b) The first workshop will be held in May 2023. Details will be circulated later.
c) The result of discussions in the workshop under Pillar 2 will be informed to the TNFD or othernew frameworks released in 2023.
19) After 2024, consecutive G7 presidencies may wish to continue projects under these twopillars as one of the presidency’s activities. The presidency in each year may choose to cease
efforts on these themes and/or add other themes or pillars, based on the interests of G7
members and according to needs, timeliness, and feasibility. Some of the possible topics arelisted at the end of this document.
20) The G7ANPE members acknowledge that not all nature positive economy programs andinitiatives are covered by existing two pillars and are encouraged to engage in and share
information on additional nature positive economy activities.

Examples of Possible Topics after 2024 * Neither exhaustive nor conclusive.

-Natural capital accounting
Environmental-economic statistics
Measurement methodologies of impacts by business activities
Financial mechanisms
Public policies for Nature Positive Economies
Initiatives or experiences of financial sectors
Sustainable value chains
Creation of nature positive business environment
Innovative accounting practices
Information needed for consumers to implement GBF Target 15 b) and Target 16