How a sector-specific approach can contribute to the Biodiversity Plan
Big Room
The World Business Council for Sustainable Development, Business for Nature, and World Economic Forum together will present a session focused on exploring the sector-specific priority actions businesses can take to contribute to halting and reversing nature loss by 2030, and collaboration opportunities across the value chain, with policymakers, financial institutions and civil society.
The global consensus following COP15 and the adoption of the Kunming-Montreal Global Biodiversity Framework is clear: businesses urgently need to take action to transform their operations and value chains. While 83% of Fortune Global 500 companies have climate change targets, only 5% of companies have assessed their impacts on nature, with less than 1% understanding their dependencies. A robust, sector-specific nature strategy is the foundation for any company to meaningfully contribute to achieving the Biodiversity Plan targets, halting and reversing nature loss by 2030.
Drawing from the sector-specific guidance developed by the World Economic Forum, WBCSD and Business for Nature on 12 global industries (https://www.businessfornature.org/sector-actions), and the additional guidance developed this year by the Forum (on the Mining and Metals, Automotive, Offshore Wind and Ports sectors) and WBCSD (on the Pharma sector), this event will convene businesses, policy makers, financial institutions, and civil society to accelerate business action on nature in anticipation of the outcomes of the COP16 negotiations.