ADB is working with its developing member countries and development partners to move beyond the “do no harm” approach to enhancing biodiversity and natural resources. This includes investing in ocean health and scaling-up green and blue finance and business opportunities. ADB supports the MDB Joint Statement on Nature, People and Planet issued during COP26 2021. The bank is operationalizing this support through its Nature-Positive Investments Roadmap and Natural Capital Lab. ADB is also working to accelerate financing for activities that utilize nature-based solutions, green infrastructure, and other approaches that restore and enhance natural resources and ecosystems.
Central to ADB’s Strategy 2030 Operational Priority 3 is enhancing environmental sustainability. ADB works across the region with its DMCs to achieve the Sustainable Development Goals (SDGs), which are all underpinned by natural resources and our environment. This involves developing and financing projects, providing technical assistance, as well as creating and sharing knowledge. For example, ADB is partnering with major cities in Asia to reduce air pollution from vehicles, industry, and power generation. The bank also stimulates the development of green business in the region, especially focused on the circular economy, sustainable consumption and production, green supply chains, and green financial products.