Corporate biodiversity disclosures have surged by 43% since the adoption of the Global Biodiversity Framework (GBF) in 2022, often referred to as the “Paris Agreement for nature,” according to new data from CDP. The latest findings come as global leaders gather in Colombia for COP16 to discuss the Kunming-Montreal GBF implementation and set ambitious policies to protect nature.
CDP’s report also shows that 33% of global stock market companies now report water data, contributing to a 22% reduction in corporate water use. However, the data reveals a critical gap: fewer than 10% of companies assess their dependency on biodiversity, posing financial risks amid estimates that biodiversity loss could cost the global economy up to $20 trillion annually.
Sherry Madera, CEO of CDP, emphasized the urgency, stating, “Nature supports our entire economy, so every business must understand how they depend on it and act quickly. Strong data is key to hitting the 2030 targets and driving change.”
Investor interest is also rising, with 11 major French institutional investors launching a €100 million biodiversity fund to back companies committed to reducing biodiversity loss, using CDP’s data as a guide.
At COP16, Eva Zabey, CEO of Business for Nature, called for urgent action, urging governments to introduce mandatory nature assessments, noting that while progress has been made, “the hard part begins now.”
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