Business for Nature

As we enter the new year, how can all businesses take meaningful action on #Nature? 🌱 Companies need to shift their models and behaviors to protect and restore, rather than destroy nature, in order to contribute to halting and reversing #NatureLoss by 2030. Alongside partners, we’re supporting businesses to develop and publish credible nature strategies, through the ‘It’s #NowForNature’ Accelerator. Lasting six to eight months, each Accelerator program provides the essential tools, methodologies and subject matter expertise to equip participants with the skills to: 🌎 Conduct a materiality assessment to identify key nature-related impacts, dependencies, risks, and opportunities. 🌎 Set SMART targets aligned with these material factors. 🌎 Implement actions to achieve these targets and mitigate negative impacts on nature. 🌎 Secure C-suite or board approval and responsibility for the strategy’s delivery. WWF, WBCSD – World Business Council for Sustainable Development, Wildlife Habitat Council, MVO Nederland, Capitals Coalition, The Shift vzw/asbl, WWF-Belgium 🔗 Get involved: https://ow.ly/OR2H50UkZIS

That’s a wrap! As 2024 comes to an end, what were some of our key highlights? 🌱 From COP16 Colombia to the launch of the first few #NatureStrategies, we’d like to extend a big thank you to all of you who have collaborated with us and supported our work. We're looking forward to the year ahead and greater policy coherence on the road to #COP30! Take a look back at the year with us in our latest newsletter ⬇ Wishing you all a safe and restful break. See you in the New Year. #NatureIsEveryonesBusiness

📣 New Report: ‘Transformative Change Assessment’ Today, the IPBES launched its Assessment Report on the underlying causes of biodiversity loss, determinants of transformative change and options for achieving the 2050 Vision for Biodiversity (known as the “Transformative Change Report”). The report consists of five chapters, each providing the scientific basis for the key messages, which aim to: 🌏 Provide decision-makers, including policymakers and a large diversity of stakeholders, with the best-available evidence, analysis and options for actions leading to transformative change. 🌏 Build an understanding of the implications of the underlying causes of biodiversity loss for achieving the Paris Climate Agreement, global biodiversity targets under the Kunming-Montreal Global Biodiversity Framework, the Sustainable Development Goals and other major international development objectives. 🌏 Explore pathways for achieving the 2050 vision of living in harmony with nature. Read the report here: https://lnkd.in/dab8yugv

🚨 Environmentally harmful subsidies total at least $2.6 trillion annually. Our CEO, Eva Zabey recently spoke with the Planetary Responsibility Foundation, highlighting why reforming these subsidies is a crucial step for biodiversity and business resilience. New research from Earth Track, supported by Business for Nature, sheds light on the scale of the challenge. These subsidies prop up industries driving unintentional environmental degradation, instead of supporting the transition to a sustainable, #NaturePositive economy. Reforming the $2.6 trillion in environmentally harmful subsidies (EHS) is one of the most pressing challenges—and opportunities—of our time. Business can play a key role by understanding their own dependencies on EHS and to advocate for subsidy reform by setting an example in their own practices, shifting investments from extractive models to sustainable alternatives. Reformed subsidies could significantly accelerate progress toward meeting global biodiversity targets and mitigating the climate crisis, ensuring long-term economic stability. "We need to ensure that public funds are aligned with our biodiversity and climate commitments. Only through bold, collaborative action can we secure a sustainable future for all." Read the interview here: https://lnkd.in/eW97BDKG

🌍 New Report: #NexusAssessment Today, IPBES launches its report on the interlinkages among biodiversity, water, food and health, in the context of climate change (known as the “Nexus Report”). After 3+ years of development, with input from 165 international experts across 57 countries, the report highlights opportunities for action, uncovering complementarities and trade-offs relating to each. This report marks the first global synthesis of how these challenges overlap, identifying those most at risk and offering integrated solutions that benefit multiple sectors. It demonstrates how addressing one element can impact others – both positively and negatively, as well as identifying a wide range of response options that can be taken now to improve outcomes. Read the report here: https://lnkd.in/d__2Hn6m

Why does #Nature matter for businesses? 🌱 Nature’s critical role is being increasingly recognized by business and finance, from operations to value chains and investments. However, nature is in crisis, with our economic activities operating outside the safe zones of six out of nine planetary boundaries which keep Earth habitable. In our Business Case for Nature, we outline: 🌎 Three ways in which the destruction of #Biodiversity and #Ecosystems creates risks for businesses and: 🌎 How companies can use a growing set of guidance to start their #NaturePositive journey, or think about how they can accelerate action by setting a credible #NatureStrategy. There is no healthy business on an unhealthy planet. Business must take a lead and become part of the solution. 🔗 Learn more: https://ow.ly/UBrv50UkYvo

#InTheCoalition: Spotlight on Business for Nature This week, we’re shining a light on Business for Nature, a key member of the Capitals Coalition’s Advisory Panel. Business for Nature is a global coalition of influential organizations and forward-thinking companies, united in their mission to drive business action and ambitious policies for a nature-positive economy by 2030. Our Advisory Panel members help shape the coalition’s work, ensuring that integrating the value of nature and people into decision-making becomes standard practice. Business for Nature’s policy recommendations focus on transforming systems to empower businesses to take bold action across five key areas: Protect and Restore, Reduce, Value, Finance, and Commit to; 🌳 Integrate nature into economic decisions 🐢 Phase out harmful subsidies 🌲 Mandate nature-related disclosures 🦜 Strengthen governance and enforcement By amplifying the collective voice of business, Business for Nature is driving the global ambition needed to reverse nature loss and protect biodiversity. 👉 Learn more about their work and recommendations: https://lnkd.in/e7ZP58hD #NaturePositive #CapitalsCoalition #BiodiversityPlan

How can setting a #NatureStrategy help your business? 🌱 Every business relies on #Nature for resources and #Ecosystem services, such as water, food, fiber, minerals, pollination of crops, water filtration and climate regulation. However, nature is at a tipping point. ‘It’s #NowforNature’ is a joint global campaign to bring together all businesses to act on nature and contribute towards a #NaturePositive world by 2030. Using the Nature Strategy Handbook (available in multiple languages) to set a credible nature strategy, you can: 🌎 Reduce your negative impacts on nature 🌎 Boost your resilience to nature risks 🌎 Access new commercial opportunities 🌎 Create long-term value 🌎 Strengthen your climate and sustainability goals In turn, this will help your organization make a meaningful contribution towards the global goal to halt and reverse #NatureLoss by 2030. 🔗 Read the Nature Strategy Handbook: https://ow.ly/3i5W50UkWuW

Open for entries: the Finance for Future Awards! 🌱 In partnership between ICAEW, Accounting for Sustainability (A4S) and Deloitte, the Finance for the Future Awards look for organizations and individuals that are supporting the integration of #Sustainability into financial decision-making. Recognized as one of the leading, global-reaching awards within the sustainability arena, the awards will recognize leadership in four areas: 🌎 Communicating Integrated Thinking 🌎 Climate. 🌎 #Nature and #Biodiversity 🌎 Social Impact Visit the awards website for more information on categories and how to enter. 📅 Deadline to enter: 20 December 2024 🔗 Learn more: https://ow.ly/7xVY50UkLwp #F4TF25 #FinanceForTheFuture #LeadershipInFinance

Breaking the cycle of harmful subsidies: a path to sustainability 🌱   $2.6 trillion - that’s how much is spent annually on subsidies that harm biodiversity, accelerate climate change, and degrade ecosystems. These subsidies, designed to support industries, are instead keeping us trapped in unsustainable practices.   As Eva Zabey, CEO of Business for Nature, puts it: "The more people are dependent on these subsidies, the more the subsidies will remain, and we won’t be transitioning away."   By redirecting public funds toward nature-positive solutions, we can protect the planet, foster sustainable industries, and ensure a just transition for communities worldwide.    💡 Dive into this week’s #NatureFinance article to discover Eva Zabey’s insights on breaking free from harmful subsidies and paving the way for a sustainable future.   #NatureFinance #Sustainability #Biodiversity #SubsidyReform #ClimateAction #PRF