Cross-industry nature coalitions and initiatives
1. Business for Nature
Business for Nature is a global coalition that brings together business and conservation organizations and forward-thinking companies. Together, they demonstrate and amplify a credible business voice on nature calling for governments to adopt policies to reverse nature loss in this decade.
They work with more than 70 international and national partners and a diverse group of businesses from all sectors, sizes and geographies. They encourage companies to commit and act to reverse nature loss, and advocate for greater policy ambition. Their Strategic Advisory Group ensures our work is grounded in real business and act as ambassadors for the coalition.
Global Advocacy: Continue to unify and amplify a leading business voice calling for ambitious policies on nature at global level
National Dialogues: Create a business-government dialogue in 4 countries (India, South Africa, Malaysia, Colombia) to inform the development of the business chapter of CBD NBSAPs
Business Action: Encourage further business action by engaging companies, simplifying the landscape and amplifying existing initiativesVisit Business for Nature
2. UK Business and Biodiversity Forum (UKBBF)
The UKBBF is a new business-to-business hub that supports companies in understanding the value of biodiversity and integrating nature into their value chains and decision-making. Partnered with the ICC and IEMA, they have an extensive group of stakeholders and a diverse, cross-industry steering committee.
They host sector-specific roundtables, as well as a pre COP15 series from March 2022.
Sign up to become a member.Visit UKBBF
3. Taskforce for Nature-related Financial Disclosure (TNFD)
Their mission is to develop and deliver a risk management and disclosure framework for organisations to report and act on evolving nature-related risks, which aims to support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
The TNFD will not create a new disclosure standard. Their aim is to establish and promote the adoption of an integrated risk management and disclosure framework that aggregates the best tools and materials. The TNFD framework will promote worldwide consistency for nature-related reporting.
The TNFD will build upon the structure and foundation of the TCFD. They will harness synergies in framework design and stakeholder engagement to avoid repetition and maximise the prospects of accelerated market adoption. Their aspiration is that the two frameworks will be comprehensive in their coverage of climate and nature-related financial risks, and complementary in their usability and adoption by market participants.
Funding for the TNFD is being pledged by governments, the UN and philanthropic foundations. Offers of significant pro-bono support are also being pledged by private sector organisations.
Substantial support has been received from the UK Government, with further contributions from the Netherlands, Switzerland and France. The United Nations Development Programme, the Global Environment Facility, and the Children’s Investment Fund Foundation (CIFF) have all pledged significant contributions.Visit TNFD
4. Science Based Targets for Nature (SBTN)
The Science Based Targets Network (SBTN) is a collaboration of leading global non-profits and mission driven organizations working together to equip companies as well as cities with the guidance to set science-based targets for all of Earth’s systems. This will help them define a clear pathway to ensure they are doing enough across their value chain to address their impacts and dependencies on nature.
The overarching global goals for nature will be designed to keep us within planetary boundaries. They are expected to be agreed through the Convention on Biological Diversity (CBD) process for target setting in the new decade. The post-2020 global framework provides an outcome-oriented framework for the development of national – or regional – goals and targets. The current CBD draft goals highlight three key dimensions of biodiversity:
- Area, connectivity and integrity of ecosystems
- The percentage of species threatened with extinction
- The abundance of species
Companies need to take an innovative approach to finding nature-positive solutions alongside rapid decarbonization. We need to halve emissions and reverse nature loss by 2030 to avoid catastrophic consequences.
For companies interested in setting science-based targets for nature (SBTs for nature): Register nowVisit SBTN
5. Ellen MacArthur Foundation
They are a charity committed to creating a circular economy, which is designed to eliminate waste and pollution, circulate products and materials (at their highest value), and regenerate nature. It’s an economic system that delivers better outcomes for people, and the environment. They:
- Develop and promote the idea of a circular economy, creating evidence-based original research on the benefits of a circular economy, and how it can contribute to solving global challenges like climate change and biodiversity loss
- Engage key actors through their network of members, bringing together industry leading corporations, emerging innovators, affiliate networks, government authorities, regions, cities and more
- Mobilise systems solutions, currently focusing across plastics, food, fashion, finance and cities
Nature4Climate (N4C) is an initiative of the United Nations Development Programme, the Convention on Biological Diversity (CBD), the International Union for Conservation of Nature, Conservation International, The Nature Conservancy, World Business Council for Sustainable Development, WWF and many others. The secretariat is housed in The Nature Conservancy.
They aim to increase investment and action on nature-based solutions in support of the 2015 Paris climate agreement. N4C works to catalyze partnerships between governments, civil society, businesses and investors based on the urgency to protect, restore and fund nature-based solutions. N4C believes in the importance of integrating nature across all government decision making, that NDCs can be greatly enhanced using nature-based solutions, and that finance flows to nature-based solutions need to be increased, and in many areas, reformed.Visit Nature4Climate
7. Business in the Community
BITC’s nature agenda is progressing currently, but through their partnership on the IGNITION project they have been producing resources for a business audience. Through membership they also offer advisory services on nature and access to their Responsible Business Tracker, which businesses can use as a monitoring framework or checklist on nature restoration.
Additionally the IGNITION project, which focusses specifically on businesses cases for urban nature-based solutions, is coming to a close in April and there is a hybrid event to disseminate learnings for all nature-interested businesses and land/property owners. This event is on 30th March, with an opportunity to visit the IGNITION nature-based solutions living lab at the University of Salford on 29th March. Booking is available here.
See all BITC’s business resources below:
- Nature-based solutions to the Climate Emergency: The benefits to business and society
- Greening your Workspace
- The power of nature in Employee Wellbeing
- Investing in a green Greater Manchester
- How businesses can support nature to prevent pandemics
8. International Platform for Insetting
The International Platform for Insetting (IPI) is a business-led organisation which advocates for climate action at the source of global value chains.
They have released their Practical Guide to Insetting, providing land-dependent corporates with a strategic and effective pathway to net zero and nature positive goals, demonstrating how insetting can be implemented throughout company value chains.
Insetting creates carbon removals and emissions reductions in agricultural supply chains, mostly through nature-based solutions such as agroforestry, reforestation and regenerative agriculture. Some insetting interventions also involve energy and community activities that aim to improve livelihoods and reduce pressures on natural resources. Insetting projects can be implemented on farms, in communities or in adjacent landscapes.Visit International Platform for Insetting
9. Nature Recovery Network (NRN)
The Nature Recovery Network (NRN) will be a national network of wildlife-rich places in England.
It will benefit both people and wildlife by increasing, improving and joining-up wildlife-rich places across our towns, cities, countryside and coast. It is a major commitment in the UK Government’s 25 Year Environment Plan and enacted by the Environment Act 2021.
The NRN will help us deal with three of the biggest challenges we face: biodiversity loss, climate change and wellbeing. Collectively, this will increase the benefits that nature can provide for both people and the economy.
Partnership working is essential to deliver the objectives of the NRN, working together across a broad range of organisations and sectors to share skills, knowledge and resources. Bringing the private sector into the NRN Delivery Partnership is essential to ensure coordinated delivery and action, as well as helping to close the funding gap to successfully deliver the NRN.
We want to turn business ambition into coordinated action and delivery, and develop a transactional offer for the benefit of nature and businesses.
By signing up to become an NRN delivery partner, you will have access to the latest news and updates on the NRN, and we can begin exploring what you could pledge, and get back in return, from the national network. Sign up here: [email protected]Visit NRN