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Green Business
  • News article
  • 26 May 2023
  • Directorate-General for Environment
  • 1 min read

Take your next green step with the High-level Business Actions on Nature

Key actions companies can take to signal they are making meaningful contributions to help reverse nature loss: (A) ASSESS: Measure, value and prioritise your impacts and dependencies on nature, (C) COMMIT: Set transparent, time-bound, specifica and science-based targets, (T) TRANSFORM: Avoid and reduce negative impacts, restore and regenerate, shift business models and advocate for policy ambition. (D) DISCLOSE: Track performance and prepare to report material nature-related information.
Capitals Coalition

Following the International Biodiversity Day celebration, if you're looking to strengthen your business's connection with nature, these High-level Business Actions on Nature can be a valuable resource. Leading organizations including the Capitals Coalition, Business for Nature, Science-Based Targets Network, Taskforce for Nature-related Financial Disclosures, World Business Council for Sustainable Development, World Economic Forum, and WWF have collaborated to create this guidance. It offers a clear pathway for businesses to demonstrate their meaningful contributions in reversing nature loss and working towards an equitable, net zero, and nature-positive future.

The high-level actions are organized into four pillars: Assess, Commit, Transform, and Disclose. Underneath these pillars, detailed guidance and a range of tools are provided to help companies progress through various stages and steps. Leading businesses across sectors and regions have already embraced these high-level actions, taking proactive measures to understand their impact on and reliance upon nature, informing their decision-making processes. Discover more about what actions can be taken and their potential by accessing this Case Study Report  showcasing 10 examples of business action aligned with the high-level actions on nature.

International Biodiversity Day serves as a reminder of the critical importance of achieving the objectives set out in the Global Biodiversity Framework, as well as the pivotal role that businesses and the finance community play in this collective effort. The framework goes beyond biodiversity, emphasizing the need for collaborative societal action. By leveraging the guidance outlined in the high-level business actions on nature, businesses can make meaningful contributions towards reversing nature loss and creating a sustainable future.

Details

Publication date
26 May 2023
Author
Directorate-General for Environment