Property 1=15
Target 15

Businesses Assess, Disclose and Reduce Biodiversity-Related Risks and Negative Impacts

Take legal, administrative or policy measures to encourage and enable business, and in particular to ensure that large and transnational companies and financial institutions:

(a) Regularly monitor, assess, and transparently disclose their risks, dependencies and impacts on biodiversity, including with requirements for all large as well as transnational companies and financial institutions along their operations, supply and value chains and portfolios;

(b) Provide information needed to consumers to promote sustainable consumption patterns;

(c) Report on compliance with access and benefit-sharing regulations and measures, as applicable;

in order to progressively reduce negative impacts on biodiversity, increase positive impacts, reduce biodiversity-related risks to business and financial institutions, and promote actions to ensure sustainable patterns of production.

Property 1=15

Take legal, administrative or policy measures to encourage and enable business, and in particular to ensure that large and transnational companies and financial institutions:

(a) Regularly monitor, assess, and transparently disclose their risks, dependencies and impacts on biodiversity, including with requirements for all large as well as transnational companies and financial institutions along their operations, supply and value chains and portfolios;

(b) Provide information needed to consumers to promote sustainable consumption patterns;

(c) Report on compliance with access and benefit-sharing regulations and measures, as applicable;

in order to progressively reduce negative impacts on biodiversity, increase positive impacts, reduce biodiversity-related risks to business and financial institutions, and promote actions to ensure sustainable patterns of production.

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Rationale

GSAP

The production and supply chain practices are the driving factors behind many threats to species and it is essential to reduce the negative effects and aim for Nature Positive outcomes.

Actions

15.1. Apply all international standards to production and supply chains to ensure use of species is sustainable.

15.2. Redesign agricultural production systems to minimize negative impacts, and maximize positive impacts on species.

15.3. Ensure all natural inputs (timber, non-timber wild plants and fungi, fish and other aquatic species, commercially traded fauna species) are obtained from certified sources.

15.4. Provide information to consumers on appropriate sustainable sources or stocks of species.