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Businesses face extinction unless they protect nature, major report warns

Businesses face extinction unless they protect nature, major report warns

Summary

A major report highlights that companies need to protect and restore nature to survive. It warns that businesses could face extinction if they do not shift their practices towards supporting natural systems. The report, approved by multiple governments, emphasizes that all businesses rely on nature's services to function effectively.

Key Facts

  • The report is from Ipbes and involves contributions from scientists worldwide.
  • It is approved by 150 governments.
  • Businesses depend on natural resources like clean water and fertile soil.
  • Biodiversity loss is a significant threat to businesses.
  • Less than 1% of companies report their impacts on biodiversity.
  • Large subsidies often harm biodiversity because of lobbying.
  • Local projects like Steart Marshes show how businesses can work with nature to benefit both agriculture and wildlife.
  • The report calls for better measures and tools for businesses to manage their impact on nature.

Source Information