Sector Actions Towards a Nature-Positive Future

In December 2022, governments adopted the Global Biodiversity Framework (GBF) with a mission to halt and reverse nature loss by 2030. It clearly recognises the role of companies and financial institutions in achieving all the objectives of the framework. Now, we need to scale up and accelerate business action to support the implementation of the GBF. For companies to credibly contribute to a nature-positive future, it is essential to take a sectoral approach to action for nature, recognising the unique ways in which different sectors interact with and depend on nature.

Business for Nature, the World Economic Forum and the World Business Council for Sustainable Development have developed new guidance for 12 sectors. Sector-specific actions are based on the high-level actions that companies must take to credibly help halt and reverse nature loss and contribute to an equitable and nature-positive economy. All companies must Assess, Engage, Transform and Disclose (ACT-D high-level business actions on nature). They must recognize the value of nature to their business; evaluate and measure their impacts and dependencies on nature; setting transparent, time-bound and science-based targets; take action to address their key impacts and dependencies; and publicly disclose its results and other relevant nature-related information.

In addition to a general guide for all sectors, the following have been specifically covered: 

- Agri-food.

- Water companies and services: Priority actions towards a nature-positive future.

- Energy.

- Built environment.

- Waste management.

- Chemical industry.

- Construction materials: cement and concrete.

- Fashion.

- Forest products.

- Home and personal care products.

- Financial services.

- Travel and tourism.