The rapid decline in biodiversity and ecosystem services has raised economic and environmental concerns. According to the World Economic Forum, more than 50 % of global GDP, more than 40 trillion euros, is at risk due to this reduction. This dependence highlights the importance of natural resources for society and business, such as water, climate regulation or crop pollination.

Biodiversity loss and habitat fragmentation present critical challenges globally, compromising the ability of ecosystems to maintain essential services and exacerbating the effects of climate change. Both the public and private sectors face risks ranging from resource scarcity to stricter regulations and shifts in consumer preferences towards sustainability.

Halting and reversing the loss of nature is essential to strengthen the health, diversity and resilience of species and ecosystems. This change requires the active participation of businesses, financial institutions, cities and governments globally.

Global Biodiversity Framework and commitments for the future

Under the Kunming-Montreal Global Biodiversity Framework, 196 countries committed to halt and reverse nature loss by 2030, with a vision of visible and measurable recovery by 2050. The commitments include long-term goals and targets for the next decade, addressing key areas such as land and ocean conservation, spatial planning for biodiversity and integrating sectoral policies to reduce pollution.

This historic agreement aims to protect 30% of land and sea by 2030, with the “30×30” proposal being comparable to the Paris Agreement in combating the effects of climate change.

Within the 2030 targets, target 15 stands out as essential for business, requiring companies to disclose their impacts, dependencies, risks and opportunities related to nature and biodiversity.

PROMOTING SUSTAINABILITY: BUSINESS LINES FOR PRESERVING BIODIVERSITY AND PROTECTING NATURE

Nature Based Solutions: a holistic approach

Nature-Based Solutions (NBS) are presented as approaches, actions or processes that use the principles of nature to address urgent challenges, such as climate change. These solutions are considered an umbrella concept, covering a wide range of ecosystem and natural capital-based approaches. From ecosystem restoration to sustainable biodiversity conservation practices, NBS offer answers to economic, environmental and social challenges.

Addressing Risk and Opportunities: Nature and Biodiversity in the TNFD Framework

The loss of nature poses significant risks to business and the global economy. It is therefore essential that organisations understand their impact and dependence on nature, taking action to avoid, reduce and restore this impact. Incorporating nature into business strategy not only contributes to environmental sustainability, but also offers concrete benefits, such as cost savings, increased operational efficiency, opening up new markets, as well as enhancing reputation and brand image.

In this context, the TNFD (Task Force on Nature-related Financial Disclosures) provides a crucial framework for the disclosure of these aspects, enabling companies to effectively assess and communicate the risks and opportunities associated with nature in their business activities.

Net-Zero and forestry projects: tackling climate change holistically

The Net-Zero concept has become central to tackling climate change. By achieving equal CO2, emissions and removals, it aims to achieve climate neutrality by 2050. Nature-Based Solutions, including voluntary carbon markets, play a crucial role in this process. These markets, whether regulated or voluntary, allow for the offsetting of emissions and the neutralisation of residual emissions through carbon sequestration projects.

In this context, forestry projects stand out as an effective tool to reduce and eliminate emissions by contributing to carbon sequestration. Internationally and nationally, offsetting systems exist that allow carbon credits generated by these projects to be registered and traded.

Supporting the transition to a nature-based future

Ultimately, the transition to a sustainable future involves the active adoption of nature-based approaches in all facets of society and the economy. Registration of uptake projects, feasibility analysis, participation in LIFE and Horizon projects, and calculation of uptakes are key aspects to support the effective incorporation of Nature-Based Solutions into business strategy.

The urgency to act and the need for global collaboration are imperative to ensure a sustainable balance between society, economy and nature.

Global Factor is positioned as a strategic partner to address the challenges and opportunities posed by TNFD. Our experience and commitment to sustainability enables us to offer a holistic approach to guide companies in understanding, assessing and disclosing the risks and opportunities arising from nature and biodiversity. Through our expert advice, we help organisations identify and measure their impact on nature, integrating these factors into their financial and sustainability reporting. Our aim is to work closely with companies to strengthen their ability to report transparently and effectively on nature-related issues, enabling them to make more informed and sustainable decisions for the future.

For further information, please do not hesitate to contact:

Lídia Giménez: lgimenez@globalfactor.com

Source: Global Factor

Global Factor is an international group with 19 years of experience, specialised in offering global, original, and innovative solutions in the fields of climate change adaptation and mitigation, carbon footprint, sustainability, circular economy, renewable energies, climate neutrality and carbon markets. Global Factor has an interdisciplinary team with a presence in 8 countries and has participated in more than 2,000 projects for more than 700 public and private clients, international organisations and non-profit entities in 51 different countries.