Science and technical priorities for private sector action to address biodiversity loss
Target 15 of the Kunming–Montreal Global Biodiversity Framework recognizes the importance of the private sector monitoring, assessing and disclosing biodiversity-related risks, dependencies and impacts. Many businesses and financial institutions are progressing with science-based assessments, targets and disclosures and integrating into strategy, risk management and capital allocation decisions. Developments will continue in response to investor expectations, emerging corporate sustainability reporting regulations in Europe, China and elsewhere and evolving global sustainability reporting standards. Voluntary action is also being encouraged by the disclosure recommendations of the Taskforce on Nature-related Financial Disclosures and the target-setting methods of the Science Based Targets Network. Based on experience supporting the private sector in practice, we identify four critical science and technical advances needed to enable business action at scale and to redirect finance globally to halt and reverse biodiversity loss. First, consensus on indicators and metrics for measuring changes in the state of nature and provision of ecosystem services. Second, access to global, regularly updated, location-specific and consistent nature data. Third, standardized and consistent accounting systems that structure data, support risk management and create accountability at corporate, ecosystem and national levels. Fourth, integrated risk assessment approaches to help corporates, financial institutions, central banks and supervisors to assess nature-related risks.
This article is part of the discussion meeting issue ‘Bending the curve towards nature recovery: building on Georgina Mace’s legacy for a biodiverse future’.
Gastronomy as an agent of change towards more diverse and sustainable production
Amazon indigenous communities have for generations integrated farms and forest to produce an extraordinary diversity of foods, but market and cultural forces are eroding these well-honed systems.
A burgeoning Latin American food movement is creating new opportunities. Relationships between rainforest communities and chefs can help incubate new enterprises and showcase the Amazon, through delicious food, to new audiences and allies.
Canopy Bridge works with a group of more than 25 chefs from Ecuador´s best restaurants, indigenous communities and conservation NGOs to develop value chains for Amazon fresh foods (aquaculture paiche- Arapaima gigas– from Ai-Kofán and products grown by the Kichwa people in highly diversified chakra production units) that have substantial conservation benefits and great culinary potential. Through the establishment of a distribution chain from the Amazon to Quito, these products are now reaching specialty food markets and restaurants on a weekly basis.