What is EU Business & Biodiversity Platform?
The continued loss of biodiversity represents a major risk to economic growth and our communities. More than half of the world's GDP depends on nature and its services. Business as usual is no longer acceptable, nor desirable.
The European Business & Biodiversity Platform is set up by the European Commission to work with and help business measure and integrate the value of biodiversity into business decision making.
The Platform's main aim is to mobilise a critical mass of business actors in Europe and beyond to deliver the EU Biodiversity Strategy targets by 2030 and secure "a world of living in harmony with nature" by 2050, as called upon by the Kunming-Montreal Global Biodiversity Framework.
Why we need biodiversity in business?
Many businesses are not fully aware to what extent they depend and impact on biodiversity and ecosystems. Businesses rely on nature for resources, such as food or minerals, and the services it provides, such as pollination of crops, water filtration or climate sequestration and regulation. Biodiversity is essential for the processes that support all life on Earth, and forms the foundation of our economy, and healthy and prosperous societies.
Biodiversity decline poses the greatest systemic risks to our economy. To turn nature-related business risks into opportunities, business need to understand how they impact and depend on nature throughout the value chain.
Through the EU B&B Platform, business and finance have a unique opportunity to redesign their relationship with nature and identify actions to move towards a nature-positive world.