Contributors World Economic Forum Laura Fisher Lead, Sector Transitions to Nature Positive, Centre for Nature and Climate Susan Hu Lead, Nature Action Agenda China, Centre for Nature and Climate Akanksha Khatri Head, Nature and Biodiversity, Centre for Nature and Climate Luo Ling Project Fellow, Nature in ESG Practices; Director, State Grid Shanghai Municipal Electric Power Company Zhu Chunquan Head, China Nature Initiatives, Centre for Nature and Climate International Institute of Green Finance (IIGF) He Peidong Intern Elizabeth Huang Intern Wang Yao Director General Yang Chenhui Co-Director, ESG Center Yang Zhen Intern Zhang Yuan Researcher The World Economic Forum would like to thank the Gordon and Betty Moore Foundation and Andre Hoffman for their support for the Nature Action Agenda initiative. The Forum and IIGF would also like to acknowledge the valuable contributions of the following people in the development of this document. Expert advice is purely consultative in nature and does not imply any association with the conclusions presented in this paper.Bai Yunwen Vice-President, Institute of Finance and Sustainability Jane Cheng Jie Director, ESG Research, E Fund Management Du Hui Senior Manager, Strategic Planning Department, China Life Property & Casualty Insurance Company Ge Wei Director of Capital Management Department, State Grid Yingda Group Han Xiaoyan Head of ESG Research & Investment, Harvest Fund Management Co Hua Yedi Director of Sustainable Finance Office, CCB Principal Asset Management Co Kamran Khan Head of ESG for Asia Pacific, Middle East and Africa, Deutsche Bank Shivin Kohli Lead, Financing for Nature, World Economic Forum Li Fei Global Co-Director of Disclosures, CDP Li Zheng Partner Services Specialist, Business Engagement - China, World Economic Forum Angela Ma Platform Curator, Shaping the Future of Financial and Monetary Systems, World Economic Forum Ma Zongming Chief ESG Analyst, Director, International ESG Center, China Galaxy Securities Aurora Matteini Specialist, Sustainable Finance, Financial and Monetary Systems, World Economic Forum Tu Yifeng Senior Manager of Green Finance Division, Key Accounts Department, CITIC Bank Corporation Wu Qian Partner; Climate and Sustainability, Oliver Wyman 25

Nature Related Sustainable Finance in China 2025