15. LIFE ON LAND

Only 24% of organizations have a biodiversity strategy in place

Only 24% of organizations have a biodiversity strategy in place
Written by ZJbTFBGJ2T

Only 24% of organizations have a biodiversity strategy in place  Capgemini

Only 24% of organizations have a biodiversity strategy in place

Preserving the fabric of life: Why biodiversity loss is as urgent as climate change

Introduction

Paris, September 18, 2023 – Despite nearly nine in ten executives stating that biodiversity is important to the planet, protecting it remains at the bottom of the corporate agenda, as greater emphasis is currently being placed on tackling climate change, according to the Capgemini Research Institute’s latest report. Currently, just 16% of organizations have already assessed the impact on biodiversity of their supply chain and only 20% for their operations.

The Role of Biodiversity in Relation to Climate Change

Though climate change and biodiversity loss are closely interlinked, the immediate focus for most organizations is presently directed towards climate concerns, with a majority of executives believing that biodiversity holds a lower rank in priority compared to climate change. In fact, just over half of executives globally believe it is not the role of a private company to address biodiversity, just to follow biodiversity regulation – and this even reaches 78% in Italy and 75% in Japan.

Perceived Lack of Urgency Amongst Global Executives

Nearly half (47%) of executives regard biodiversity loss as a medium-term risk for their businesses and 30% perceive it as a long-term risk (2050) while just 17% view it as an immediate concern – with significant regional differences in the perception of the biodiversity emergency[1]. Ultimately, the report estimates that global corporate investment in biodiversity preservation represents less than 5% of what is needed from all stakeholders (public and private) in the next 10 years to reverse damage to the biodiversity ecosystem.

Strategies to Protect Biodiversity are Lacking

Organizations are increasingly aware of the catastrophic consequences of the loss of biodiversity and other related ecosystem damage. However, only a quarter of organizations have a biodiversity strategy, with Australia (15%), Germany (16%), Canada (17%) and Italy (18%) lagging behind. These strategies may include initiatives such as investing in circular practices, developing science-based targets, or considering biodiversity impact on investment decisions. On average, land preservation or restoration projects are a bigger focus than freshwater and ocean projects. Furthermore, only 16% of organizations have completed an impact assessment of their supply chain on biodiversity and just 20% have done the same for their operations.

Biodiversity Integral to Supply Chains

Many organizations have made biodiversity an integral consideration within their supply chain: of the executives surveyed, 58% say their organization has updated their supplier code of conduct to include biodiversity considerations, while about half mention that their organizations are investing in deforestation-free supply chains and require sustainable forest management practices from their suppliers.

Circular Economy Practices Prove Most Popular

Necessary to addressing the biodiversity crisis are changes at organizational, behavioral, and cultural levels, with the adoption of circularity playing a critical role. Almost two thirds of executives say their organization has implemented circular economy practices, such as recycling and reusing[2] and over half of organizations are taking steps to mitigate negative impacts on land and water.

Technology Will Play a Critical Role in Tackling Biodiversity Challenges

A key part of the future of biodiversity conservation and restoration will include the integration of artificial intelligence (AI) solutions alongside blockchain technology and sensors to simplify the monitoring and tracing of diverse populations, encompassing animals, birds, and plants. Leveraging AI and robotics can aid in species tracking while minimizing disruptions to the surrounding biodiversity. Synthetic biology will also be part of the solution to some of the most severe threats to the environment including reducing chemical and plastic pollution. In fact, almost three quarters of executives agree that digital technologies will also be key to their organization’s biodiversity efforts. To that end, organizations are particularly investing in AI and machine learning (31%), followed by 3D printing (30%), and robotics (28%).

Conclusion

“Every business depends on biodiversity and ecosystems: whether it is direct inputs such as water or fibers, or ‘ecosystem services’ like water regulation or soil fertility, a thriving and functioning biosphere is critical to human well-being, wider sustainability goals as well as economic growth and stability. However, many organizations underestimate their direct impact on biodiversity loss, and their responsibility in protecting and restoring it,” comments Cyril Garcia, Group Head of Global Sustainability Services and Corporate Responsibility and Group Executive Board Member at Capgemini. “It’s time for businesses to proactively address the issue and get ahead of mandatory regulations that are on their way, especially as many solutions and frameworks such as the Task Force on Nature-related risks Disclosure and regenerative practices are already available to help protect biodiversity. Collaboration, investment and innovation will all be key to helping organizations identify and implement strategies for biodiversity protection and preservation.”

Methodology

The Capgemini Research Institute surveyed 1,812 executives from 15 different industries and employed at organizations with more than $1 billion in annual revenue across 12 countries in North America, Europe, and Asia-Pacific: Australia, Canada, France, Germany, India, Italy, Japan, the Netherlands, Spain, Sweden, the United Kingdom, and the United States. Executives comprised of director-level and above and 50% were from sustainability functions, such as environmental management, conservation, climate change, and corporate social responsibility. Of the total sample, 1,643 executives (66%) are employed at organizations that have a biodiversity strategy or ad-hoc biodiversity initiatives. The global survey took place in May and June 2023. In addition, 15 in-depth interviews were also conducted with 15 senior biodiversity and sustainability executives and experts.

About Capgemini

Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of nearly 350,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2022 global revenues of €22 billion.

About the Capgemini Research Institute

The Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team draws on the worldwide network of Capgemini experts and works closely with academic and technology partners

SDGs, Targets, and Indicators

  1. SDG 13: Climate Action

    • Target 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning.
    • Indicator 13.3.1: Number of countries that have integrated mitigation, adaptation, impact reduction, and early warning measures into primary, secondary, and tertiary curricula.
  2. SDG 15: Life on Land

    • Target 15.5: Take urgent and significant action to reduce the degradation of natural habitats, halt the loss of biodiversity, and protect and prevent the extinction of threatened species.
    • Indicator 15.5.1: Red List Index.
    • Indicator 15.5.2: Proportion of important sites for terrestrial and freshwater biodiversity that are covered by protected areas, by ecosystem type.
  3. SDG 12: Responsible Consumption and Production

    • Target 12.6: Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle.
    • Indicator 12.6.1: Number of companies publishing sustainability reports.

Table: SDGs, Targets, and Indicators

SDGs Targets Indicators
SDG 13: Climate Action Target 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning. Indicator 13.3.1: Number of countries that have integrated mitigation, adaptation, impact reduction, and early warning measures into primary, secondary, and tertiary curricula.
SDG 15: Life on Land Target 15.5: Take urgent and significant action to reduce the degradation of natural habitats, halt the loss of biodiversity, and protect and prevent the extinction of threatened species. Indicator 15.5.1: Red List Index.
Indicator 15.5.2: Proportion of important sites for terrestrial and freshwater biodiversity that are covered by protected areas, by ecosystem type.
SDG 12: Responsible Consumption and Production Target 12.6: Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle. Indicator 12.6.1: Number of companies publishing sustainability reports.

Analysis

1. Which SDGs are addressed or connected to the issues highlighted in the article?

The SDGs addressed or connected to the issues highlighted in the article are SDG 13: Climate Action, SDG 15: Life on Land, and SDG 12: Responsible Consumption and Production.

2. What specific targets under those SDGs can be identified based on the article’s content?

Based on the article’s content, the specific targets under the identified SDGs are:

– Target 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning.

– Target 15.5: Take urgent and significant action to reduce the degradation of natural habitats, halt the loss of biodiversity, and protect and prevent the extinction of threatened species.

– Target 12.6: Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

Yes, there are indicators mentioned or implied in the article that can be used to measure progress towards the identified targets:

– Indicator 13.3.1: Number of countries that have integrated mitigation, adaptation, impact reduction, and early warning measures into primary, secondary, and tertiary curricula.

– Indicator 15.5.1: Red List Index.

– Indicator 15.5.2: Proportion of important sites for terrestrial and freshwater biodiversity that are covered by protected areas, by ecosystem type.

– Indicator 12.6.1: Number of companies publishing sustainability reports.

These indicators can be used to track the integration of climate change measures into education, the conservation of biodiversity and protection of threatened species, and the adoption of sustainable practices by companies.

Table: SDGs, Targets, and Indicators

SDGs Targets Indicators
SDG 13: Climate Action Target 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning. Indicator 13.3.1: Number of countries that have integrated mitigation, adaptation, impact reduction, and early warning measures into primary, secondary, and tertiary curricula.
SDG 15: Life on Land Target 15.5: Take urgent and significant action to reduce the degradation of natural habitats, halt the loss of biodiversity, and protect and prevent the extinction of threatened species. Indicator 15.5.1: Red List Index.
Indicator 15.5.2: Proportion of important sites for terrestrial and freshwater biodiversity that are covered by protected areas, by ecosystem type.
SDG 12: Responsible Consumption and Production Target 12.6: Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle. Indicator 12.6.1: Number of companies publishing sustainability reports.

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: capgemini.com

 

Join us, as fellow seekers of change, on a transformative journey at https://sdgtalks.ai/welcome, where you can become a member and actively contribute to shaping a brighter future.

 

About the author

ZJbTFBGJ2T