Co-author: Oliver Doraisamy (Senior Manager, Climate & Sustainability)
Against the backdrop of a worsening nature crisis, and growing recognition of the link between nature loss and climate change, both global and national policy landscapes are shifting us towards a less extractive relationship with nature.
The landmark Kunming-Montreal Global Biodiversity Framework (KMGBF) agreed by 187 countries at COP15 in Montreal last December sets out 23 targets aimed at protecting and restoring global biodiversity. Prominent among these is the target of conserving and managing at least 30% of the world’s terrestrial, inland water and coastal and marine areas by 2030 (Target 3, known as “30x30”). While all the targets (including “30x30”) have an important function, some in particular have the potential to considerably shift how businesses interact with nature.
In this blog, we outline three key considerations for businesses flowing from these recently established global targets: the expected increase in nature-related finance, growing expectations around nature-related disclosures, and the need to integrate nature alongside other corporate objectives.