At its 21st meeting the Standing Committee on Finance (SCF) agreed to organize its next Forum on the topic of finance for nature-based solutions1 and the Conference of the Parties (COP) welcomed this agreement at its twenty-fifth session.2 SCF 24 decided to hold the Forum in two parts: the first part in virtual or hybrid (virtual and in-person) format in 2021 and the second part in person in 2022.3 The outcomes of the first part will inform the design of and discussions at the second part. The SCF will prepare an overall summary of both parts of the Forum for consideration at COP 27.