Over the last two years, we have seen significant engagement from 1,100 companies that are advocating for a nature-positive world, and hundreds of leading companies making commitments and applying available tools and data to help implement and deliver the relevant targets included in the Post-2020 Global Biodiversity Framework (GBF). There are more targeted resources on the way to support business implementation, such as the Science Based Targets Network (SBTN) and the Taskforce on Nature-related Financial Disclosures (TNFD).
The Convention on Biological Diversity’s Conference of Parties 15 (COP15) is now set to take place at the headquarters of the Secretariat of the Convention on Biological Diversity (SCBD) in Montreal, Canada from 5 to 17 December 2022. Member states will adopt the Post-2020 (GBF) at COP 15, which will hopefully provide a clear direction and strong signal on the need to halt and reverse nature loss by 2030. Based on Target 15 – Role of business, there has been significant momentum in favor of mandatory requirements for businesses and financial institutions to assess and disclose their impacts and dependencies on nature. The need for businesses and financial institutions to reduce their negative impacts on nature by at least half and increase positive impacts has also been supported by many countries during the negotiations but will need further discussion in Montreal.
The session engaged with experts to discuss road maps that break down what nature-positive means for a business to help companies understand what nature-positive means for their sector and break down key actions businesses need to consider to address nature loss. These Roadmaps include guidance on assessing dependencies, measuring impacts, and tracking efforts to halt and reverse nature loss across the value chain.
