Post by account_disabled on Feb 20, 2024 2:00:02 GMT -5
Although almost nine out of ten executives recognize that biodiversity is important for the planet, protecting it continues to occupy a secondary place on the business agenda, as more emphasis is currently placed on the fight against climate change, according to the recent report by the Capgemini Research Institute, Preserving the fabric of life: Why biodiversity loss is as urgent as climate change . Likewise, currently only 16% of organizations have already evaluated the impact on biodiversity of their supply chain and only 20% of their operations. Although climate change and biodiversity loss are closely linked, most organizations are currently focused on climate issues, and a large percentage of executives believe that biodiversity is a lower priority than climate change. In fact, just over half of executives around the world believe that the role of a private company is not to deal with biodiversity, but to simply comply with regulations. This figure even reaches 78% in Italy and 75% in Japan. There is a perceived lack of urgency among executives worldwide Almost half (47%) of executives consider biodiversity loss to be a medium-term risk for their companies and 30% perceive it as a long-term risk (2050), while only 17% consider it a immediate concern, with significant regional differences in the perception of the biodiversity emergency.
Ultimately, the report estimates that global corporate investment in preserving biodiversity represents less than 5% of what is needed by all stakeholders (public and private) over the next 10 years to reverse the damage. caused to the biodiversity ecosystem. Lack of strategies to protect biodiversity Organizations are increasingly aware of the catastrophic Chile Mobile Number List consequences of biodiversity loss and other ecosystem-related damage. However, only a quarter of organizations have a biodiversity strategy, with Australia (15%), Germany (16%), Canada (17%) and Italy (18%) being the countries furthest behind. These strategies may include initiatives such as investing in circular practices, developing scientifically informed targets, or considering the impact of biodiversity in investment decisions. On average, land conservation or restoration projects are more important than freshwater and ocean projects. Furthermore, only 16% of organizations have carried out an assessment of the impact of their supply chain on biodiversity and only 20% have done the same with their operations. Executives generally agree on the importance of conserving biodiversity, but 59% of respondents believe that the complexities surrounding biodiversity present challenges.
Unlike carbon, which is easy to define, measure and document, biodiversity is more difficult to specify in terms of quantification, observation and, consequently, to evaluate its impact. These complexities are attributed to the absence of globally uniform benchmarks for measuring and monitoring biodiversity impacts, ambiguities in target setting, and a lack of trained biodiversity personnel. “All businesses depend on biodiversity and ecosystems: whether direct resources, such as water or fiber, or ecosystem services, such as water regulation or soil fertility, a thriving, functioning biosphere is essential for the human well-being and the broader goals of sustainability, as well as economic growth and stability. However, many organizations underestimate their direct impact on biodiversity loss and their responsibility in its protection and restoration ,” comments Cyril Garcia, Director of Global Sustainability and Corporate Responsibility Services of the Group and member of the Executive Council of the Capgemini Group. “The time has come for companies to proactively address the issue and anticipate mandatory regulations to come, especially since many solutions and frameworks already exist, such as the Working Group on Nature and Wildlife Disclosures. regenerative practices, to help protect biodiversity. Collaboration, investment and innovation will be fundamental to help organizations identify and implement biodiversity protection and preservation strategies . ” Biodiversity as an integral part of supply chains Many companies consider biodiversity as an integral element within their supply chain. 58% of executives surveyed say their organization has updated its supplier code of conduct to include biodiversity-related issues, while almost half say their organizations are investing in deforestation-free supply chains and requiring stewardship practices. sustainable forestry to its suppliers.
Ultimately, the report estimates that global corporate investment in preserving biodiversity represents less than 5% of what is needed by all stakeholders (public and private) over the next 10 years to reverse the damage. caused to the biodiversity ecosystem. Lack of strategies to protect biodiversity Organizations are increasingly aware of the catastrophic Chile Mobile Number List consequences of biodiversity loss and other ecosystem-related damage. However, only a quarter of organizations have a biodiversity strategy, with Australia (15%), Germany (16%), Canada (17%) and Italy (18%) being the countries furthest behind. These strategies may include initiatives such as investing in circular practices, developing scientifically informed targets, or considering the impact of biodiversity in investment decisions. On average, land conservation or restoration projects are more important than freshwater and ocean projects. Furthermore, only 16% of organizations have carried out an assessment of the impact of their supply chain on biodiversity and only 20% have done the same with their operations. Executives generally agree on the importance of conserving biodiversity, but 59% of respondents believe that the complexities surrounding biodiversity present challenges.
Unlike carbon, which is easy to define, measure and document, biodiversity is more difficult to specify in terms of quantification, observation and, consequently, to evaluate its impact. These complexities are attributed to the absence of globally uniform benchmarks for measuring and monitoring biodiversity impacts, ambiguities in target setting, and a lack of trained biodiversity personnel. “All businesses depend on biodiversity and ecosystems: whether direct resources, such as water or fiber, or ecosystem services, such as water regulation or soil fertility, a thriving, functioning biosphere is essential for the human well-being and the broader goals of sustainability, as well as economic growth and stability. However, many organizations underestimate their direct impact on biodiversity loss and their responsibility in its protection and restoration ,” comments Cyril Garcia, Director of Global Sustainability and Corporate Responsibility Services of the Group and member of the Executive Council of the Capgemini Group. “The time has come for companies to proactively address the issue and anticipate mandatory regulations to come, especially since many solutions and frameworks already exist, such as the Working Group on Nature and Wildlife Disclosures. regenerative practices, to help protect biodiversity. Collaboration, investment and innovation will be fundamental to help organizations identify and implement biodiversity protection and preservation strategies . ” Biodiversity as an integral part of supply chains Many companies consider biodiversity as an integral element within their supply chain. 58% of executives surveyed say their organization has updated its supplier code of conduct to include biodiversity-related issues, while almost half say their organizations are investing in deforestation-free supply chains and requiring stewardship practices. sustainable forestry to its suppliers.