Quartz

October 26, 2022
With little to no progress made in halting and reversing catastrophic biodiversity loss in the past few years, hundreds of companies have stepped up demands for regulations to increase transparency and accountability.

Businesses must be compelled to “assess and disclose their impacts and dependencies on biodiversity by 2030,” more than 330 firms and financial institutions from 56 countries said in an open letter published today (Oct. 26), organized by the Business for Nature coalition and addressed to world leaders. The signatories include Sweden’s furniture giants IKEA, India’s Tata Steel, and French international banking group BNP Paribas, among others.

As some large businesses demand regulations, other big companies have been linked to lobbying attempts to resist such laws. Currently, any biodiversity reportage is largely voluntary and scattered. The statement is urging governments “to transform the rules of the economic game and require business to act now” before COP15 in Montreal in December, where the new Global Biodiversity Framework will be formed.

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Reuters

October 25, 2022
Over 330 businesses on Wednesday urged world leaders to force large companies to assess and disclose their impact on nature by 2030, ahead of the COP15 global talks on biodiversity in December.

Signatories of the COP15 Business Statement, which include GSK (GSK.L), H&M Group (HMb.ST) and Nestle (NESN.S) and which have combined annual revenues of more than $1.5 trillion, said the world needed to move past voluntary reporting rules.

"Improving the health of our planet requires bold, decisive action from policymakers and businesses. Some progress has been made, but it's not enough," Rebecca Marmot, chief sustainability officer at consumer goods company Unilever (ULVR.L), said.

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The Straits Times

September 29, 2021
Nature is not, and cannot be, a passive victim of economic development, Deputy Prime Minister Heng Swee Keat said on Wednesday (Sept 29).

Not only does nature help make city life more liveable, it can also contribute to mankind's fight against climate change, he said, urging delegates gathered at the Ecosperity Week sustainability conference to take a fresh perspective on the natural environment.

The three-day conference is convened by Singapore's Temasek investment company for policymakers, investors, non-government groups and businesses, and is being held in a hybrid format with some attendees gathered at Marina Bay Sands. Wednesday marks the second day of the conference.

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