Helping companies understand, measure and reduce their impact on nature
Today, nature is used in more than half of the value creation in the world ($44,000 billion) according to the World Economic Forum (2020). The risks linked to the erosion of biodiversity are therefore numerous and significant for companies, in a more or less direct way according to the sectors of activity. We are currently experiencing the 6th mass extinction of biodiversity, and this is taking place at a faster pace than previous crises. It is therefore in the best economic and financial interest of companies and financial players to commit themselves to the protection of nature, as encouraged by public entities and civil society.
Article 29 of the French Energy-Climate Law requires financial actors to provide information on their biodiversity policy, including a measurement of the biodiversity impacts of their investments. At the European Union level, an update of the Non-Financial Reporting Directive is currently being discussed to require companies to measure and disclose their biodiversity impact.
The establishment of the TNFD (Task Force on Nature Financial Disclosure, modelled on the TCFD), as well as the rise of SBTn (modelled on SBTi), now provide useful frameworks for framing and challenging companies’ biodiversity strategies.
Succeed in biodiversity strategy
- Diagnosis and state of the art. Mapping of impacts and dependencies
- Issues identification and strategic guiding. Analyse the materiality of the issues, assess the risks and opportunities and define the strategic directions
- Quantify biodiversity impacts using innovative indicators developed by I Care (at the site, product and company level)
- Action plan and commitments. Define an operational action plan and help the company to commit to SBTn