Leading organisations release essential new guidance to help companies develop nature strategies

The need for corporate action on nature has never been clearer. New research from GlobeScan reveals nine out of ten experts (91%) from across academia, NGOs, the private sector and policymakers view the state of nature and biodiversity as a catastrophic or alarming issue.

Research from the World Benchmarking Alliance shows that less than 1% of companies know how much their operations depend on nature. Through a Nature Strategy Handbook, developed by Business for Nature, a global coalition of 85+ partner organizations and in collaboration with PwC UK, the ‘It’s Now for Nature’ campaign encourages businesses and financial institutions to develop and publish a nature strategy.  

The Nature Strategy Handbook will guide organizations through the supportive tools and frameworks available, building on the High-Level Business Actions on Nature and including the Taskforce on Nature-related Financial Disclosure’s (TNFD) final recommendations, guidance from the Science Based Targets Network and new sector-specific guidance which sets out priority actions for companies to take.   

At CBD COP15, governments committed through Target 15 to require all large businesses and financial institutions to assess and disclose their risks, impacts and dependencies on nature - as well as take action. ‘It’s Now for Nature’ aims to help businesses navigate and anticipate upcoming regulation and investor demands.    

Business leaders recognize that they cannot sustainably grow their business, or achieve their climate goals, without protecting and restoring nature. The GlobeScan survey finds that 94% of experts believe companies need to take much more integrated approaches to effectively address nature and climate issues, challenging the historically siloed approach. And 94% believe biodiversity loss needs to be addressed with the same urgency and resources as climate change.  

More than 1,400 companies with revenues of more than US$ 7 trillion, called on governments to adopt policies now to reverse nature loss in this decade. The campaign will be used by businesses and policymakers to demonstrate the momentum for global business action on nature until 2030.  

The campaign does not assess, approve or validate targets in nature strategies, or the progress companies are making towards those targets, as many organizations, including CDP and the World Benchmarking Alliance, provide – or will provide – independent assessments for this purpose.   

Once you have developed your nature strategy following the recommendations in the Handbook, we encourage you to submit it as part of the global ‘It’s Now for Nature’ campaign and join the growing number of businesses who recognize they need to scale and speed up business action on nature.       

Joining the campaign demonstrates your company is committed to contributing to a nature-positive world. And by making your strategy accessible, shows you are being open and transparent with a wide range of stakeholders.   

Find out more here.