Business and biodiversity: It’s time to broaden our focus beyond just climate change

The Big Picture Crowdsource Innovation More awareness is needed about the impending threat of biodiversity loss. Nature loss has caused a 69% decline in wildlife populations in just the last 50 years. Collective action from global leaders is required to mitigate the threats of biodiversity – and- nature loss. Globally, we are venturing into uncharted territory regarding climate change. The planning phase of critically assessing and defining how our businesses contribute to environmental damage is behind us, and now is the time to take action. According to World Economic Forum’s Global Risk Report 2022 , climate action failure, extreme weather and biodiversity loss are the top three environmental global threats over the next decade. Many companies recognize the need for climate action and experience the impacts of extreme weather. However, there’s a lack of awareness and understanding about biodiversity loss, which is defined as species extinction and/ or reduction and results in irreversible consequences for the environment, humankind and economic activity and a permanent destruction of natural capital. The responsibility of real climate action primarily falls on the shoulders of governments and businesses, including enforcing, enacting, or investing in effective climate-change adaptation and mitigation measures. We must rally our […]

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