The methodological assessment report on THE IMPACT AND DEPENDENCE OF BUSINESS ON BIODIVERSITY AND NATURE’S CONTRIBUTIONS TO PEOPLE

The business and biodiversity2 methodological assessment comes at a time when urgent action is needed to halt and reverse biodiversity loss and when there is increasing recognition of the central role of businesses in creating transformative change for a just and sustainable future. Evidence shows that biodiversity and nature’s contributions to people are declining across much of the globe.3 The Kunming-Montreal Global Biodiversity Framework commits to a whole-of-government and whole-of- society approach to put biodiversity on a path to recovery for the benefit of people and the planet. Businesses4 have been key to driving innovation and economic growth that has generated rising standards of living, improved health, food security and poverty alleviation, but these benefits have been unevenly distributed across and within countries.5 Further, unsustainable economic activity and a focus on growth as measured by the gross domestic product, has been a driver of the decline of biodiversity and nature’s contributions to people and stands in the way of transformative change.6 Despite being historically neglected, there is now growing awareness of biodiversity decline and of the increasing risks that further declines pose for society, the economy and businesses.

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