The Big Picture Crowdsource Innovation The Global Biodiversity Framework (GBF) sets ambitious targets to conserve nature and ensure its sustainable use and businesses are essential to its implementation. A key step for businesses to successfully contribute to the GBF is transparency and awareness of their impact on nature, reducing their adverse effects while ramping up good practices. Businesses would do well to collaborate with others and ensure they include indigenous people and local communities within decision-making. The ground-breaking Kunming-Montréal Global Biodiversity Framework (GBF) at the UN Biodiversity Conference (COP15) was signed in December 2022 by 196 parties committed to halting biodiversity loss by 2030. After four years of negotiations, the GBF sets ambitious goals with 23 targets for the conservation and sustainable use of nature. Businesses are key to implementing the GBF – target 15 calls for them to “progressively reduce negative impacts on biodiversity.” The stakes are high and the risks of biodiversity loss are well documented, with half of the world’s global domestic product highly or moderately dependent on nature. Nevertheless, there is a significant economic opportunity, circa $10.1 trillion annually , to be seized by taking the right action now. Here are five ways businesses can […]