In the aftermath of the UN Biodiversity Convention (UN CBD COP15) that took place in Kunming (China) in October, it is increasingly becoming clear that the shift to a nature-positive future will require all businesses to take better heed of their impacts and dependencies on biodiversity. The 2030 EU Biodiversity Strategy recognised that greater respect for nature is needed in business decision-making – paving the way for the expected legislative proposals on sustainable corporate governance as outlined in the Corporate Sustainability Reporting Directive published in April 2021.
The European Parliament Intergroup on ‘Climate Change, Biodiversity and Sustainable Development’, PwC and ICAEW are delighted to invite you to join key policymakers, NGOs and industry representatives to reflect on the transformational changes that businesses need to make in order to protect and sustain biodiversity.
Join this session to hear from experts discussing the following key questions:
- Integrating biodiversity considerations into corporate decision-making calls for a new vocabulary to account for nature. Learning from European and global experiences in tackling climate change, with carbon providing a universal metric, what can be done to ensure businesses price the natural assets they use?
- If nature cannot be reduced to a simple financial value, how should businesses factor in their impacts, dependencies and risks relating to the main drivers of biodiversity loss – from changes in land and sea use, to overexploitation and climate change, to pollution and invasive alien species?
- The Taskforce on Nature-related Financial Disclosures, launched earlier this year, is an important move in the right direction; but are there other steps that could be taken?
- Is a more fundamental shift in perspective needed, to change measures of corporate success towards more inclusive and sustainable indicators of value?
The event builds on the joint online panel discussion on the role of the finance sector in saving the planet held earlier this year, which featured the WWF film inspired by the Netflix series Our Planet.