04:32 PM EST, 11/05/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) is stepping up its efforts to support environmental and wildlife initiatives with viable funding vehicles, the head of the nature and biodiversity at the bank said in a recent interview with Bloomberg posted Tuesday.

"Doing something well and getting traction for scale is more important than getting it perfect," Gwen Yu said, repeating comments she posted on her LinkedIn page following the weekend conclusion of the United Nations Biodiversity Conference in Cali, Columbia. "Definitions and polices help but getting the fundamentals of project bankability is essential," she said.

Yu attended the 16th annual UN conference, COP16, which ended Saturday without reaching agreement on how to best steer more private money into biodiversity projects. But, JPMorgan ( JPM ) wants to start organizing deals soon and is considering a variety of financing and investment opportunities, she told Bloomberg.

Investment professionals are quickly embracing the growing importance of nature and biodiversity, Yu said on LinkedIn, adding the next step will be "embedding it into BaU (business as usual) and ensuring "its continued adoption beyond COP16."

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