Forética defines six steps to integrate nature into business strategies
Forética has presented the report ‘The moment of nature: Steps to be ‘Nature Positive’ within the framework of the initiativeNature Business Ambition’ -led by Forética and made up of ten large companies-, with the aim of promoting business action in the field of recovery of nature and biodiversity, as key axes to achieve a “Nature-Positive” planet by 2030.
The ‘Nature Business Ambition’ initiative is made up of ten large companies: Accenture, Damm, EDP, ENGIE, Gestamp, Holcim, Leroy Merlin, Naturgy, Grupo OHLA and Sacyr. Forética has organized today, together with the companies participating in the initiative, the first edition of the ‘Nature Business Ambition Forum’ meeting. The forum analyzed the implications for companies of the Kunming-Montreal Global Biodiversity Framework, fruit of the Biodiversity COP15 organized in Montreal in December, which contains an unprecedented involvement of the private sector, directly alluding to companies in one of its goals.
Pablo García, Manager of Forética’s ‘Nature Business Ambition’ initiative, affirms: “After being relegated to the background, the moment of nature has arrived. It is time to accelerate business action on nature, as one of the three great global challenges that need an urgent response that are included in the ‘Vision 2050’ roadmap, launched within the framework of the Spanish Business Council for Development Sustainable. All this with a regenerative approach that helps to restore and nourish the social and environmental systems on which business activity depends”.
He report analyze the business case of the business management of nature to make visible and catalyze the consideration of the risks and opportunities of biodiversity and its relationship with the fulfillment of other extra-financial objectives, such as climate ones. According to the United Nations, nature is “one of the most effective ways” to combat climate change and must be an essential part of all plans to reduce global warming. counting on her, emissions can be reduced by up to a third global greenhouse gases by 2030.
Forética has developed a road map with six steps to achieve a complete integration of nature in business strategies: evaluate and prioritize, measure and assess, set objectives, act and transform, monitor and verify, and report.
Setting science-based targets for nature is one of the most challenging but key steps towards fully integrating nature into business strategy. Thus, Forética has partnered with the Science-Based Targets Network (SBTN) organizationjoining the Corporate Engagement Program, to assist in the definition of science-based standards and target-setting methodologies for biodiversity, water, soils and oceans.
Business commitment to nature
At the ‘Nature Business Ambition Forum’ meeting organized by Forética, the implications for companies of the new global framework on biodiversity have been addressed. For this, the vision of María Jesús Rodríguez, general director of Biodiversity, Forests and Desertification of the Ministry for the Ecological Transition and the Demographic Challengeand the deputy director of the Biodiversity Foundation, Sonia Castaneda. The international perspective has been contributed by Humberto Delgado, general director of Biodiversity of the European Comissionand Eva Zabey, executive director of Business for Nature.
In addition, companies that are part of the initiative have shared their experience regarding the need and motivation to promote business action in this area, with the intervention of Carmen Díaz, CEO of Holcim Spain; Nuria Rodríguez, Director of Environment and CSR at Naturgy Group; María Morales, head of the Climate Change and Biodiversity area of Leroy Merlin Spain; Alfonso Pascual, Director of People & Communication and ESG at ENGIE Spain; Claudia Pérez, environmental specialist at Sacyr; Aída Rodríguez, managing director Green Finance Lead of Accenture; Yolanda Fernández, Director of Environment, Sustainability, Innovation and Climate Change at EDP Spain; and Alba Linares, CSR manager of damn.
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