November news update: Are you ready to develop your nature strategy?

 
 
 

As we all work so hard to build a better future, we must remember there is no nature positive, no net zero and no equitable world without the foundation of peace.  I sincerely hope you, your families and friends are safe in these troubled times.  

While there is turmoil in the world, we should feel proud of what we have collectively achieved to keep nature on the global agenda.  

There was a huge focus at New York Climate Week with the first ever Nature Positive Hub with an incredible 49 events!  Alongside the World Business Council for Sustainable Development and the World Economic Forum, Business for Nature and many others launched new guidance which sets out the priority actions businesses across 12 sectors must take to contribute towards a nature-positive future.  And after two years of design and development, the Taskforce on Nature-related Financial Disclosures (TNFD) published their final recommendations, which will ensure better decision making by companies.  

Finally, we are hiring an Africa Lead! Help us spread the word to apply before the 2 January deadline.

Launch of It’s Now for Nature: Where is nature in your business strategy?  

 
 

After months of engagement and collaboration, on 9 November we launched ‘It’s Now for Nature’ - a joint global campaign to rally all businesses and financial institutions to act on nature. Through a new Nature Strategy Handbook, developed in collaboration with PwC UK, we want to encourage companies to develop and publish a nature strategy and submit it on the ‘It’s Now for Nature' website. We hope to be able to share a collective set of strategies at the UN Biodiversity COP16 due to take place in October 2024. 

The campaign will build up to 2030 and businesses at earlier stages of their journey will be able to submit new or enhanced nature strategies as soon as they can beyond COP16. Companies starting their nature journey can take a look at the High-Level Business Actions, the Why Nature?  and the how to engage pages on the Business for Nature website. 

If you missed our global business webinar, you can catch up with the recording and key takeaways.  We are also looking to organize sessions in specific countries and regions during 2024 and will keep you updated.  

The campaign is unbranded and a shared platform for all of us. How you can support the campaign: 

  1. Publish a blog post on why setting a nature strategy is important and linking to the campaign and Nature Strategy Handbook.  You can use the campaign narrative. 

  2. Share on your personal and/or organizational social media accounts and amplify the campaign video with a link to the It's Now for Nature website.   

  3. Share the Nature Strategy Handbook across your network. It has been translated into Chinese, French, Japanese, Portuguese and Spanish  

  4. Submit your nature strategy on the It’s Now for Nature website if it meets the campaign’s minimum requirements. 

Plus, there is lots more content available to use and share in the digital communications toolkit.  

COP28 

 

News from our partners

 
 

  • At the Annual Meeting of the World Economic Forum in Davos January 2024, the TNFD will announce and publish a list of early TNFD adopters.  Corporates and financial institutions are invited to signal their intentions to start adopting the TNFD Recommendations by completing the online registration webform by 10 January 2024 

  • 27 of the world’s largest nature conservation organizations, institutes, business and finance coalitions came together to launch the Nature Positive Initiative aimed at driving alignment around the definition, integrity and use of the term ‘nature positive’ and supporting broader, longer-term efforts to deliver nature-positive outcomes.  

  • The World Business Council for Sustainable Development (WBCSD) launched the ‘Roadmaps to Nature Positive’, laying out how all companies can play their part in halting and reversing nature loss by 2030 - the mission at the heart of the Global Biodiversity Framework. WBCSD has also launched deep dives for the agri-food system.  

  • A new report by the World Economic Forum calls for collective action by the 21 Asia-Pacific Economic Cooperation (APEC) Economies and the seafood industry to combat illegal, unreported and unregulated (IUU) fishing. 

  • The 2023 Nature Benchmark from the World Benchmarking Alliance shows that although some companies are taking significant steps to transition to sustainable production, the overwhelming majority do not yet really understand how they affect and rely on nature. Find out more.  

  • CDP launch plastic disclosure numbers for the first time across 3,000 companies and in October announced that more than 23,000 companies disclosed through CDP in 2023 – a 24% increase since 2022. 

  • A4S (Accounting for Sustainability) launched ‘Nature top tips for pension funds and trustees’  and ‘What finance teams need to know about the Taskforce on Nature-related Financial Disclosure’.  

  • We Mean Business recently landed their ‘Fossil to Clean’ campaign calling on governments to make a global commitment on the timeline and targets for fossil fuel phase-out. Sign up to the campaign. 

  • A new European Business Nature Commitment was launched by the European Commission and EU Business & Biodiversity Platform at the European Business and Nature Summit in Milan, Italy. This is open for all private organizations to sign, regardless of where they are in their nature journey. 

  • Nature4Climate launch ‘Naturebase’: a new free data platform that turns peer-reviewed science into actionable information. It is for anyone looking to implement natural climate solutions anywhere on the planet.  

Media & event highlights 

Many thanks as always for your continued action, engagement and support.

Best regards,

Eva Zabey - on behalf of the BfN team
CEO, Business for Nature

 
 
 
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