15. LIFE ON LAND

Nature, Natural Capital & Biodiversity – edie

Nature, Natural Capital & Biodiversity – edie
Written by ZJbTFBGJ2T

Nature, Natural Capital & Biodiversity  edie.net

Nature, Natural Capital & Biodiversity – edie

Sustainable Development Goals (SDGs) and Business Engagement with Nature

Introduction

SLR supports businesses in understanding their interface with nature, developing strategies and actions to drive change and to meet the increasing requirement to report, disclose and demonstrate a positive engagement with nature.

The Value of Nature and Ecosystem Services

Nature and the wide range of ecosystem services that it provides are fundamental to our societies, economies, and human existence. However, historically the value of nature has not been priced into our economies, leading to its significant decline globally. This decline poses a substantial risk to business operations and the global economy, as a significant amount of global GDP is highly dependent upon nature.

Understanding Impacts and Dependencies

Nature and biodiversity loss are already impacting our economies. It is increasingly recognized that businesses need to understand their impacts and dependencies upon nature. By gaining a better understanding of their interface with nature and biodiversity, businesses can identify the risks and opportunities associated with these impacts. Engaging with stakeholders and reporting this information through market-led frameworks, legal requirements, and ESG reporting initiatives is also becoming increasingly important.

SLR’s Natural Capital and Biodiversity Capabilities

Learn more about our Natural capital and biodiversity capabilities here.



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SDGs, Targets, and Indicators

  1. SDG 15: Life on Land

    • Target 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services, in particular forests, wetlands, mountains, and drylands, in line with obligations under international agreements.
    • Indicator: The article highlights the decline of nature globally and the need for businesses to understand their impacts and dependencies on nature. This indicates a need for conservation and sustainable use of terrestrial ecosystems.
  2. SDG 8: Decent Work and Economic Growth

    • Target 8.4: Improve progressively, through 2030, global resource efficiency in consumption and production and endeavor to decouple economic growth from environmental degradation.
    • Indicator: The article mentions that the value of nature has not been priced into our economies, leading to its decline. This indicates a need for improving resource efficiency and decoupling economic growth from environmental degradation.
  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: The article emphasizes the increasing requirement for businesses to report, disclose, and demonstrate a positive engagement with nature. This indicates a need for integrating sustainability information into reporting cycles.

SDGs, Targets, and Indicators

SDGs Targets Indicators
SDG 15: Life on Land Target 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services, in particular forests, wetlands, mountains, and drylands, in line with obligations under international agreements. The decline of nature globally and the need for businesses to understand their impacts and dependencies on nature.
SDG 8: Decent Work and Economic Growth Target 8.4: Improve progressively, through 2030, global resource efficiency in consumption and production and endeavor to decouple economic growth from environmental degradation. The value of nature not being priced into economies, leading to its decline.
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. The increasing requirement for businesses to report, disclose, and demonstrate a positive engagement with nature.

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: edie.net

 

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