Business for Nature's Policy Recommendations
Over 200 companies have worked with Business for Nature to develop five policy recommendations on nature. Coupled with continued business action, these policies - once adopted - have the potential to unleash new opportunities and encourage business to do more, which in turn leads to more ambitious policies.
Business for Nature - a global coalition of influential organizations and forward-thinking businesses - is calling for concrete action from governments to adopt policies now to reverse nature loss in this decade. While businesses are acting, it’s not enough and we need to urgently scale and speed up efforts. Businesses require ambitious policies to encourage the transformative change that the world’s scientists tell us is necessary to mitigate climate change, promote sustainable growth and halt the decline of biodiversity.
To develop these robust policy recommendations, Business for Nature engaged hundreds of companies from 15 sectors, operating in five continents, as well as many other organizations. The recommendations call on governments to:
Provide direction and ambition: adopt global targets informed by science to reverse nature loss by 2030 and recognize a planetary emergency.
Align, integrate and enforce policies for nature, people and climate: bring greater coherence to UN governance, make nature part of mainstream government policy and ensure effective enforcement of environmental laws.
Go beyond short-term profit and GDP: value and embed nature in decision-making and disclosure so that governments, companies and financial organizations can make better long-term decisions.
Finance a socially fair transformation: reform subsidies and incentives to reward positive action on nature alongside innovative and circular business models and; promote financial solutions that support nature.
Engage, enable and collaborate: join forces for nature so that the public and private sector can implement solutions and empower society to act.
These bold actions on nature - if adopted - have the potential to unleash new opportunities and support business to do even more, which in turn leads to greater policy ambition. Businesses are pushing for governments to adopt these policies because they understand that social and economic prosperity, and the success of their businesses, rely on a healthy natural world. And that to resolve the climate and biodiversity crises and reduce inequality we must protect, conserve and restore nature.
Only together will business, governments and civil society be able to unlock new opportunities to deliver the global systemic and transformative change for everyone and everything to live sustainably on a healthy planet.
“Financial performance is irrelevant on a dead planet. Businesses are uniting behind and calling on governments to support these recommendations to create a level playing field and a stable operating environment. By demonstrating the hidden value of nature and the economic consequences of our failure to protect ecosystems, we can incorporate nature into the heart of mainstream business, finance and government decision-making.”
“The IPBES Global Assessment Report made it clear that properly protecting nature’s contributions to people requires a globally sustainable economy. The necessary evolution of financial and economic systems can only be achieved in partnership with responsible decision-makers, in Government but also critically, with the private sector. IPBES therefore welcomes engagement and initiatives, such as these important policy recommendations from Business for Nature, as vital contributions to the growing wave of awareness and more ambitious action for biodiversity.”
“We have set Science Based Targets and are working towards our ambition to become fully circular and climate positive, but it is not enough. Biodiversity is key for the future of the planet. All actors need to take their responsibility seriously to drive the change needed. Companies need to commit and act, governments need to facilitate the process through ambitious laws and implementation thereof. It is only through collaboration that we will solve the challenges with the loss of nature we face today.”
“The planet cannot wait. At Nature &Co we strive to balance economic, environmental, and social goals across all aspects of society, and scale our collective efforts without delay to tackle the climate crisis. The responsibility is on all of us to work together to protect the world’s natural resources, and ultimately the well-being and future of our communities.”
“The window of opportunity to reverse nature loss is closing fast. Decisive action is needed to transform our economy into one that comprehends the environmental, societal and business value of protecting nature. Inaction is not an option.”
“The science on nature loss is terrifying. Nature underpins everything on this planet. A New Deal for Nature and People in 2020 that brings transformative change to our relationship with our planet is absolutely critical. Business should be at the fore of calling for this change.”
“We believe that the transformative change needed to reverse nature loss, climate change and inequality cannot be achieved without proper incentives and financial mechanisms. That is why as a globally operating specialised food and agriculture bank, Rabobank wholeheartedly support this concerted effort to work in effective public-private partnership to protect nature as part of our mission.”
“The loss of biodiversity and ecosystem services is costing our economies trillions of dollars a year. Government and business must scale up action to protect and restore nature. Governments need to reform the financial support they provide that is harmful to biodiversity. Business also has a key role to play including by understanding its dependence and addressing its impact on biodiversity. These Business for Nature recommendations provide valuable guidance on how to implement transformative changes.”
