In December 2022, 196 parties agreed on the landmark Kunming-Montreal Global Biodiversity Framework (GBF). Just like the Paris Agreement, the GBF is expected to influence national policymaking and accelerate business action on nature
Businesses, financial institutions, and governments all have a role to play in the transition to nature positive. While the guidance continues to evolve, the urgency of the nature crisis requires businesses to act now and “learn by doing”.
Businesses can take actions on nature now
Nature is the foundation of the global economy. Over half the world’s GDP – $44 trillion – is moderately or highly dependent on nature and its services. Despite this dependency, businesses in all sectors and geographies have negative impacts on nature, causing it to degrade faster than it can regenerate. With the case for business action on nature becoming increasingly clear, the focus is now shifting to how corporate leaders can take action to secure a nature-positive world, and what being nature positive actually means for companies.
Sector Transitions to Nature Positive: Accelerating sector-specific priority actions to reduce impacts and unlock opportunities
In collaboration with Oliver Wyman, the Sector Transitions to Nature Positive project aims to support companies by:
- Understanding the sector’s most material impacts and dependencies
- Identifying priority actions for the sector to reduce negative impacts and unlock opportunities across the value chain
In the first phase, we will focus on four priority sectors:
- Consumer goods
- Construction materials
- Meat, poultry & dairy
The World Economic Forum will set out key actions companies can take, along with metrics and measurements, financial and regional considerations. The guidance will be created in consultation with corporates, civil society, and regulators and policymakers.
Read more in the project overview, and get in touch if you want to be involved.