PRACTICE NOTES
What is biodiversity?
Biodiversity describes the breadth of life on Earth. It ranges from bacteria to the 1.7 million recorded animal, plant and fungi species, includes the genetic differences within each of these species, and the variety created by their interactions that together shape complex ecosystems.
Why are biodiversity and nature rising up the corporate agenda?
The significance of biodiversity is being increasingly acknowledged by companies. This applies not only to those that mainly depend on natural resources, since every organisation relies on functioning ecosystem services. As awareness grows, businesses are recognising their dependencies and impacts on biodiversity across the entire value chain. There is mounting expectation for firms to accept responsibility and disclose their effects. ESG reporting has been used largely in the financial sector to assess responsible investment. This reporting covers a range of criteria that can evaluate how businesses act regarding
Environment