Dr. Braulio Ferreira de Souza Dias, Executive Secretary of the Convention on Biological Diversity has urged the business sector to change its way of doing business as usual and conduct it by enhancing socio-environmental responsibility.

Addressing a press conference on the sidelines of the inaugural session of COP-11 here on Monday, he said business sector was the main user of biodiversity and “they need to be more responsible”. He said there was a need for governments to push policies that promote sustainable development and the business sector could be an ally in promoting biodiversity agenda.

Admitting that it would be a big challenge at COP-11 to find ways of mobilising resources for achieving Aichi biodiversity targets, he said there was a need to expand the sources of funding for promoting biodiversity.

Besides national governments, the State and local governments too need to pitch in as also the private sector. He said CBD had launched an initiative to engage local governments two years ago and the first outlook report on ‘Cities and Biodiversity’ would be released during COP-11. One of the case studies in the report pertains to Bangalore.

He said the COP-11 would review the implementation of Strategic Plan for 2011-20, Aichi targets, progress of the Nagoya Protocol on access and benefit-sharing, mobilising financial resources, marine and coastal biodiversity and links between biodiversity and climate change among others. He said that at least 17 countries were expected to ratify Nagoya Protocol by year-end.