On 22 May 2013 Spain established a Business and Biodiversity Initiative, which was constituted along the lines of the 'Biodiversity in Good Company' Initiative. It was launched on the International Day of biological diversity by the Spanish Minister for the Environment, Miguel Arias Cañete, and 15 big companies, 7 of them from IBEX35, that signed the Biodiversity Pact. 

The Initiative aims at engagement of the business sector to fulfill international biodiversity targets. It is based on the Convention on Biological Diversity under which the parties to the Convention have committed themselves to encouraging the establishment of national and regional business and biodiversity initiatives. 

The main objectives of the Spanish Initiative are: 

• integrating the natural capital perspective in business policies and management systems.
• increasing the added value coming from the contribution of big companies to nature conservation
• channelling private funding forbiodiversity conservation. 

The project is coordinated by the Fundación Biodiversidad, a public foundation of the Government of Spain. In January 2013 'Biodiversity in Good Company' and Fundación Biodiversidad signed a collaboration agreement in order to cooperate and network. <link _blank internal-link internal link in current>Partnership

For further information see <link http: www.fundacion-biodiversidad.es empresaybiodiversidad>www.fundacion-biodiversidad.es/empresaybiodiversidad/