Measure, manage and report on your climate impact through the GHG Protocol. Identify priority locations for target setting and action using tools like the Integrated Biodiversity Assessment Tool (IBAT) for Business and dig deeper into particular risks and opportunities you have identified, for example by using the WWF Water Risk Filter.Įxpand your assessment to include nature, climate, and people: Where possible, conduct an integrated assessment, including natural, social, and human and produced capital. Use the guidance provided by the Taskforce on Nature-related Financial Disclosures (TNFD) to show how your organization evaluates and manages nature-related risks. Get in touch with We Value Nature to build your skills and capacity along your natural capital journey.Įvaluate business risks and opportunities, From understanding your impacts and dependencies on nature, identify and assess your company’s nature-related risk. Find the right tool to assess your impacts and dependencies through the Natural Capital Toolkit and where relevant, apply supplementary guidance on finance, biodiversity and food systems. Build on your initial materiality assessment and conduct your own natural capital assessment by following the Natural Capital Protocol.
Measure and value impacts and dependencies on nature. For example, you may realize that the biggest impact your company has is indirectly through freshwater use from your suppliers and/or consumers. Using guidance from SBTN, companies can identify and manage priority environmental impacts, dependencies, and locations. Measure, value and prioritize your impacts and dependencies on nature to ensure you are acting on the most material ones.Ĭonduct an initial materiality assessment to prioritize efforts: Ensure you will be working on your most material impacts and dependencies on nature by performing materiality assessments across the production and consumption value chain - from extraction of raw materials to post-consumer waste. As you progress through this journey, keep a few things in mind. These high-level business actions provide companies with the key actions they can take to signal they are making meaningful contributions to help reverse nature loss and contribute to an equitable, nature-positive world, where positive impacts outweigh negative ones. Building on existing commitments and actions related to nature, businesses should aim to halt and reverse negative impacts on nature and then should aim for their positive impacts to outweigh their negative ones in the same eco-regions or in similar types of ecosystems. The role of business is critical to delivering a nature positive world by 2030. Under current scenarios, over half of the world’s total GDP is at moderate or severe risk due to nature loss. Without transformative changes in our economy and the way we do business, nature-negative trends such as global declines in species populations as well as losses in efficiency and efficacy of ecosystem service provision are expected to continue through to 2050 and beyond. The natural materials and ecosystem services – that we all rely on and that also power businesses – are under massive strain. Every business relies on nature for resources and ecosystem services such as water, food, fiber, minerals, pollination of crops, water filtration and climate regulation, both in their own operations and supply chains, and for their employees and customers.īut nature is at a tipping point.
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