Transforming businesses

Businesses are often at the heart of our biodiversity crisis. Recent studies by the World Economic Forum show that businesses are highly dependent upon nature, and as much as $44 trillion of global GDP is at risk from biodiversity loss, primarily driven by economic activities. Yet many groups, such as the World Economic Forum, advocate putting nature at the heart of the global financial system, and at the heart of national economies. A nature-positive economy helps to minimize and remove the drivers of biodiversity loss from economic activity, and to protect, restore and sustainably manage nature.

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Why It's Time to Make Your Business Nature Positive

  • Approximately 50% of the world's gross domestic product (GDP) is highly to moderately dependent on nature, making it essential to integrate nature protection and restoration into business practices to ensure future economies.
  • "Nature positive" means restoring nature rather than degrading it, and it's expected to become a core business benchmark. Businesses need to integrate nature into strategy, enhance risk management, and prioritize disclosures and communication as shareholders and stakeholders become aware of related risks.
  • Board chairs must recognize the critical role of protecting and regenerating nature in business operations to avoid systemic risks and economic shocks. The Chairperson’s Guide to Valuing Nature provides guidance on why and how nature positivity matters to businesses and how to navigate this transformation. Business actions include avoiding and reducing negative impacts on nature and restoring and regenerating nature. Boards should oversee the process, identify risks and opportunities, engage with stakeholders, and develop a plan for addressing nature-related goals.

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TNFD Launches Framework on Nature-Related Risk Reporting

  • The Taskforce on Nature-related Financial Disclosures (TNFD) has published its finalized framework, building on the Taskforce for Climate-related Disclosures (TCFD) model and in alignment with the International Sustainability Standards Board (ISSB). TNFD's recommendations are expected to become the standard for nature-related risk reporting.
  • British pharmaceutical company GSK, a TNFD taskforce member, will be the first to publish TNFD-aligned disclosures starting in 2026, using 2025 data. More companies are anticipated to adopt these recommendations in the near future.
  • Nature-related risks, including biodiversity loss, are increasingly being recognized as financial risks. The TNFD framework aims to provide businesses and financial institutions with tools to assess and disclose their exposure to nature-related issues in a manner consistent with climate-related reporting.

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Lombard Odier's Fund Arm Appoints First Chief Nature Officer

  • Lombard Odier Investment Managers (LOIM) has appointed Marc Palahí as its first Chief Nature Officer, signaling a growing focus on nature conservation alongside greenhouse gas emissions in environmental efforts.
  • Palahí, formerly with the European Forest Institute, will lead the development of sustainable investment strategies for LOIM's Investment Partners, aimed at supporting the shift away from carbon-intensive activities and towards nature-benefiting investments.
  • LOIM, with 63 billion Swiss francs in assets under management, and Palahí, will work on addressing climate change, biodiversity loss, socio-economic instability, and resource scarcity by harnessing nature-based solutions within the sustainable investment space.

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Just 5% of the World’s Top 500 Companies Have Biodiversity Targets

  • The World Economic Forum's new Nature-Positive report series emphasizes the need for industry to become nature-positive and offers guidance for chemical producers, household and personal care companies, and cement and concrete firms to reverse nature loss by 2030.
  • The reports provide sector-specific recommendations such as increasing the use of renewable energy, improving water stewardship, adopting circular business models, and supporting nature conservation and restoration.
  • These actions not only help preserve biodiversity but could unlock substantial business opportunities, cost savings, and revenue for these sectors, while addressing ecological challenges related to resource overuse and environmental impact.

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Roadmaps to Nature Positive

  • The WBCSD (World Business Council for Sustainable Development) has created "Roadmaps to Nature Positive" to guide companies in taking credible, impactful nature conservation actions. These roadmaps provide step-by-step guidance for businesses to enhance their strategies, investments, and transition plans aligned with achieving nature-positive outcomes. This proactive approach helps companies manage nature-related risks, align with policy requirements, reduce negative impacts, and unlock opportunities throughout their value chain.
  • WBCSD's Roadmaps address the urgent need to protect nature and biodiversity, which underpin the global economy and impact all industries. The destruction of nature poses significant risks to business, especially in sectors highly dependent on nature, which contribute over 50% of global GDP. The guidance is tailored to different socio-economic systems, such as land use (agri-food and forest products), built environment (including infrastructure), and the energy system.
  • Embracing an integrated approach that includes avoiding and reducing negative impacts on nature, restoring and regenerating natural ecosystems, and transforming underlying systems is essential for businesses. They must adapt to evolving accountability systems, driven by policymakers, regulators, investors, consumers, and global policy changes. These roadmaps will help companies assess material impacts, address nature-related risks, and contribute to enhancing resilience across the business landscape and society as a whole.

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A Standing Amazon Rainforest Could Create an $8 Billion Bioeconomy: Study

  • Preserving the Brazilian Amazon, transitioning to sustainable agricultural practices, and growing the bioeconomy could contribute $8 billion annually to the region's GDP by 2050, generating 312,000 jobs, and providing environmental benefits such as reduced greenhouse gas emissions and additional standing forest.
  • To achieve this transformation, it will require an investment of over $500 billion by 2050, but the costs of not doing so could be much higher, considering the potential environmental and economic consequences of continued deforestation and emissions.
  • Leveraging Indigenous knowledge and allowing local communities to produce and commercialize forest-grown products will be crucial in scaling up the bioeconomy, creating equitable growth, and preserving the Amazon's natural resources.

Think about it!

Take a moment to reflect on some of the key issues related to business and nature from the recent news. How might these issues affect the future?

Nature-positive businesses:

What signs and trends do you see for the emergence of nature-positive businesses? What evidence do you see?

Bioeconomy:

Many countries are promoting a bioeconomy. What are the enabling factors that must be in place for a bioeconomy to thrive?

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Andreea Alexandra Mitrofan commented 7 months ago ago

Dig even deeper!

Dive deeper and explore some of the pathways toward a nature-positive future.

Identify levers of change:

The pressure for businesses to become nature-positive is increasing. Take a few moments to think about the kinds of levers that might be used to encourage a more rapid transformation toward nature-positive in your context. 

Imagine a bioeconomy:

Take a moment to imagine the kinds of nature-positive businesses that could thrive in your context, as part of a new bioeconomy.

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Biniam Belete Begna commented 7 months ago

Start a conversation!

Spark meaningful conversations on social media! Share the recommended posts to inspire your network to reflect and take action.

It’s time for a nature-positive future

Our planet deserves more than business as usual. We need a real paradigm shift in how we view nature - a shift toward “nature-positive.” Learn more and become part of the change. #NatureForLife

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Businesses can drive sustainable change

Businesses play a vital role in shaping our nature-positive future. Discover why businesses should embrace the bioeconomy. #NatureForLife

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