Registration is open for the 2023 European Business and Nature Summit (EBNS) which takes place in Milan on October 11-12 – the largest conference dedicated to crafting sustainable business models working with biodiversity at their core.

Last year’s edition was co-hosted by Business For Biodiversity Ireland alongside the European Business & Biodiversity Platform, while co-hosts at this year’s edition include Etifor, Forum Per La Finanza Sostenible and Regione Lombardia.

The event comes one year before the 2024 UN Biodiversity Conference COP16 and will put special focus on empowering businesses to take decisive transformative action to implement biodiversity targets lead the way towards a nature-positive society.

Register and access the programme HERE.

Environment Ireland takes place in Dublin’s Croke Park on September 14-15, 2023 and on Day 1, BFBI’s Lucy Gaffney will be joining the session on Biodiversity, presenting on the work of the Business For Biodiversity Ireland platform and the need for urgent business action to transition the Irish economy to nature positive.

Bringing together Ireland’s environmental stakeholders, the annual conference provides a wide range of expert speakers examining the overall state of our environment, with focused sessions on circular economy, climate, biodiversity and water.

Ireland’s circular economy strategy sees the National Food Waste Prevention Roadmap and the Deposit Return Scheme coming in November 2022. The Climate Action Plan 2023 has set out a roadmap for how Ireland can accelerate the actions required to respond to the climate crisis, putting climate solutions at the centre of Ireland’s social and economic development.

In the context of nature, Ireland’s Citizens’ Assembly on Biodiversity Loss, at which BFBI also presented, called on the Government to hold a referendum on protecting biodiversity, while the EU Biodiversity Strategy for 2030 aims to put us on a path to recovery by 2030.

Chaired by Kevin O’Sullivan of The Irish Times, event speakers include Ossian Smyth TD, Minister of State with responsibility for Communications and Circular Economy; Niall Ó Donnchú, Director General, National Parks and Wildlife ServiceLorraine Bull, Biodiversity Officer, Dublin City Council; Peter McEvoy, Director of Land Management, Ulster Wildlife; Tasman Crowe, Vice President for Sustainability, UCD, and Chair, National Biodiversity Forum and representatives from Coillte, Foodcloud, Teagasc and the Department of the Environment, Climate and Communications and more.

Access the full programme and info HERE.

BFBI’s Lucy Gaffney will present on the significant role of biodiversity at a major conference covering priorities for climate policy and action in Ireland hosted by the Westminster Forum Project’s Policy Forum for Ireland. 

The August 17th conference, with a keynote speech by Marie Donnelly, pictured, of the Climate Change Advisory Council, is billed as a timely opportunity to discuss next steps for taking forward Ireland’s third Climate Action Plan, published shortly after COP27, which provides for a system change in Ireland’s approach to climate policy.

The event will be chaired by, Richard Bruton TD, Member, Environment and Climate Action Committee and Darren O’Rourke TD, Sinn Fein Spokesperson for the Environment and Climate Action.

Delegates will examine the targets outlined in the Plan, which are underpinned by legislation outlined in the Climate Action and Low Carbon Development (Amendment) Act 2021, with legally-binding sectoral emissions ceilings and carbon budgets, the first being to 2025.

Key stakeholders will come together to assess what support is needed for key sectors to stay within the emissions ceilings, and within the maximum emissions outlined in the carbon budget, as Ireland is currently not on course to meet targets.

It will also be an opportunity for delegates to discuss wider EU policy, such as Just Transition and the European Green Deal, and the implications for Irish business and industry, including enabling knowledge sharing in the meeting of shared goals, specifically Ireland’s roadmap to halving emissions by 2030, and becoming carbon neutral by 2050.

Sessions will assess the way forward for nature-based solutions, as well as key priorities for mitigating and addressing biodiversity loss in light of the Citizen’s Assembly report, which emphasised the need for urgent government action on biodiversity restoration.

Overall, sessions in the agenda will discuss:

  • meeting key targets: maintaining the carbon budget – supporting business and industry in adopting more sustainable approaches – improving climate education and advocacy
  • facilitating a Just Transition: diversifying local economies – delivering an inclusive approach to climate action – options for circular economy development – adopting more sustainable economic approaches
  • engaging citizens: engaging the public in climate action and advocacy – raising awareness of the potential benefits and necessities of climate action – developing a joined-up approach to meeting targets
  • key sectors: support across sectors in working within emissions ceilings – building sustainable practice – opportunities for decarbonising transport – priorities for scaling up renewable energy infrastructure
  • wider EU policy: implementing targets laid out in the European Green Deal – priorities for a Just Transition – implementing a worker-friendly shift to a low carbon economy
  • policy priorities: taking forward the CAP – developing effective governance of climate action to meet targets – assessing the pathway to halving emissions by 2030

The conference will be an opportunity for stakeholders to consider the issues alongside key policy officials who are due to attend from DAFM; DECC; Department for Communities, NI; Department for the Economy, NI; DETE; Department of Finance, NI; The Scottish Government and the Welsh Government.

Visit the Westminster Forum Project site to book a place online.

The Science Based Targets Network has released the first science-based targets for nature enabling companies to start taking ambitious and measurable action on both climate and nature. 

Over 80 global NGOs and organisations came together with the aim to provide companies with the initial methods, tools and guidance to equip them to holistically assess their environmental impacts, and prepare to set targets to address them, beginning with freshwater and land, alongside climate. The first release of targets for nature also directly supports biodiversity, ensuring that companies contribute to the preservation and restoration of ecosystems.

Net zero is not possible without nature

Erin Billman, Executive Director, SBTN, said: “We have designed the guidance to build on companies’ existing sustainability strategies and have proactively aligned with existing and upcoming standards and frameworks – including the Science Based Targets initiative (SBTi) and the Taskforce on Nature-related Financial Disclosures (TNFD) risk management and disclosure beta framework.

“It also draws on, and aligns with the best available science – including collaborating with the Earth Commission on their work to define a safe and just corridor for humanity, to be published on May 31, 2023. To achieve the optimal balance between scientific rigor and feasibility, the guidance has also been road-tested by over 115 companies from over 25 countries and representing over $4trillion in market capitalisation.

“While climate change has become a key focus of many companies’ sustainability strategies, there is now clear scientific evidence that net zero is not possible without nature.”

Learn more at the Science-based Targets Network.

The Business Post’s 2023 ESG Summit takes place in Dublin’s Croke Park on May 30 and BFBI platform lead Lucy Gaffney is among the speakers.

View the full agenda here.

The event aims to explore the many challenges related to climate and sustainability. Many companies are struggling to navigate ESG reporting within their existing business processes and operating models.

The summit will explore how companies can develop effective data management systems and meet the demanding regulatory and standards requirements. The event will focus on best practices to meet the regulatory, data management and reporting challenges coming down the line for business.

Lucy will speak on biodiversity and natural capital and how companies are investing in nature and working to secure a sustainable future.

You can view the full speaker line-up and register on this site.

Image credit: Bending the curve of terrestrial biodiversity needs an integrated strategy | Nature

 

Our platform lead Lucy Gaffney has written a blog in conjunction with her upcoming presentation at the Chartered Institute of Ecology and Environmental Management’s upcoming Irish conference: Delivering a Nature Positive Ireland, first published on the CIEEM website.

We are on the brink of the next revolution, the “real” Green Revolution and its emergence signals the end of the ecocidal industrial revolution of the 1800s. For the first time in human history, we are waking up to the notion that healthy ecosystems are the foundation on which we have built our civilisations.

Nature is the great provider. People have become wealthier, we’re living longer and we have the best standard of living that has ever been. But while that curve is on the upswing, there is another curve that is plummeting at an alarming rate – the richness and health of the planet.

We are here because we have burned through the planet’s natural resources with reckless abandon, without assuring that these resources were replenished, without stewardship, without regard to other living beings and indigenous peoples.

But the tide is turning. The business world is waking up to the reality that without investment and stewardship of the natural world, their business is at risk, the economy is at risk and society, as we know it, is at risk.

First Steps
So how can businesses realistically start mobilising for nature? The truth is, that nature is the bigger picture. Our destruction of the natural world undermines the planet’s ability to process excess carbon and greenhouse gases, and our excessive greenhouse gas emissions which cause planetary warming and ocean acidification, perpetuates the loss of biodiversity and interrupts natural cycles.

The first step is really understanding that climate change and biodiversity are two sides of the same coin and absolutely need to be tackled together.

Climate or Biodiversity?
The Intergovernmental Science Policy Platform for Biodiversity and Ecosystem Services (IPBES) has identified five key industrial drivers of biodiversity loss.

– Pollution; solid, liquid and gaseous waste
– Invasive Species; non-native plant and animal species
– Ecosystem conversion; changing how we use our land and seas
– Climate Change; planetary warming, forest fires, ocean acidification
– Exploitation of natural resources


Many businesses are already planning or implementing sustainability projects and many of those projects are less to do with climate change and more to do with nature. Take single use plastics for example, yes they are made from petrochemicals, but the main reason we are ditching single-use plastics is to reduce pollution, a driver of biodiversity loss. There are of course cross-cutting benefits to eliminating single-use plastic, but pollution reduction is the most impactful.

Water stewardship is another corporate initiative that has a greater positive impact on biodiversity than climate change. Conserving water in areas that experience water stress has a high impact, not just on local flora and fauna but also on communities. As the summer temperatures rise, water stress is becoming a bigger issue, even in countries like Ireland. How many companies or services would grind to a halt if there was a prolonged drought?

Reframing our sustainability portfolio through the biodiversity lens might uncover that we are doing more for biodiversity than we first imagined.

Impacts and Dependencies
Every business depends on nature, whether directly or through its value chain. Understanding these dependencies on nature has the potential to expose hidden risks to your business and its future continuity.

Similarly, every organisation has an ecological impact. Whether it be through pollution, greenhouse gas emissions or buying palm oil for your products, some part of the natural world is being degraded. In order to develop a meaningful biodiversity strategy, businesses must understand these impacts and dependencies. There is no point in planting trees or wildflowers to tick the biodiversity action box, if a core activity in your business is responsible for deforestation somewhere else. That’s not nature positive.

There is a multitude of tools and frameworks available to help businesses, particularly corporates, understand their impacts but they can be quite technical and overwhelming for a lay person to navigate. In simple terms, a business could list core activities and explore how those activities might put pressure on those previously mentioned “drivers of biodiversity loss”. How can your business reduce that pressure? Through better recycling policies? By understanding where your raw materials come from? It doesn’t have to be complicated, any positive action is better than inaction, but it should be evidence-based.

The Role of the Consumer
It has long been my view that businesses need guidance and regulation to get to grips with these issues. But in parallel, there needs to be a shift in consumer sentiment and purchasing behaviour. We need to act quickly to avoid going over 1.5C in planetary warming and to halt nature loss, and the key to quick action is a change in consumer demand. It is happening, but there is still a lack of understanding of the issues in the mainstream. Do the public understand that buying products with palm oil, palm fat, palm kernels is causing deforestation in a tropical rainforest? Palm fat is in chocolate, peanut butter, stock cubes, most processed food, toothpaste, makeup.. the list goes on!

We need better labelling on products so that we, as consumers, can make more informed decisions and catalyse change from the ground up.

Into the future
In the next decade, “the competitive edge” will be redefined. The next great green revolution is coming and if business doesn’t evolve, then extinction is on the cards.

Lucy will be speaking at the upcoming CIEEM Irish Conference: Delivering a Nature Positive Ireland in Athlone, April 25. Book HERE.

In 2022, our platform lead Lucy Gaffney was asked to present to Ireland’s Citizens’ Assembly on Biodiversity Loss – the first such national citizens’ assembly anywhere in the world.

The Assembly’s final report to Government has now been launched with over 150 recommendations that have the potential to dramatically transform Ireland’s relationship with the natural environment.

 

The report was produced as a result of seven meetings of the assembly of 99 citizens, chaired by scientist and broadcaster Aoibhinn Ní Shúilleabháin, pictured above, who heard recommendations from experts in the field and visited areas of natural importance.

The report calls for sufficient funding and increased expenditure for enforcement and implementation of national legislation and EU biodiversity-related laws and directives. It recommends that nature be provided with protections within the constitution to allow it to continue to provide the necessities of life – food, clean water and air, providing a healthy environment for wellbeing into the future.

Other recommendations refer to actions in specific sectors such as agriculture; freshwater; marine and coastal environments; peatlands; forestry/woodlands/hedgerows; protected sites and species; invasive species; and urban and built environments. There is acknowledgement of the role of farmers as the custodians of the land and urges that the agriculture industry be supported in conserving and restoring biodiversity.

Read the report HERE.

Watch Lucy’s presentation on how businesses must transition to nature positive below.

In the Corporate Sustainability Reporting Directive (CSRD), the European Sustainability Reporting Standards (ESRS) E4 standard specifically addresses corporate sustainability relating to biodiversity and ecosystems.

The aim of ESRS E4 is to help businesses understand how they affect nature, positively and negatively, actually and potentially and how to interpret the results of corporate biodiversity action. Lucy Gaffney explains more…

Key questions for your business

  • How does the business contribute to achieving the objectives of the European Green Deal, the Sustainable Development Goals (SDGs) and the Global Biodiversity Framework (GBF)?
  • Can the business evolve its operations so that it no longer contributes to ecological damage?
  • Does the business understand the operational risks posed by deteriorating ecosystems and the potential opportunities that could be associated with the protection and conservation of nature?
  • How is the business managing those risks?

ESRS E4 specifies the information that must be disclosed about biodiversity and ecosystems across all sectors. Specific sectoral disclosure will be defined by ESRS SEC 1 Sector Classification and the CSRD requirements are expected to be in place for financial years beginning on or after 1 January 2024 by large publicly traded entities that have more than 500 employees at the same time (i.e. entities already subject to the Non-Financial Reporting Directive) and by 2025 for other large companies. Small and medium-sized enterprises (SMEs) will also be subject to a reporting obligation starting in 2027.

Disclosure Requirements

  1. ESRS E4 requires that a business disclose its strategic plan to ensure that their business model will become compatible with the transition to achieve no net loss of biodiversity by 2030, net gain from 2030 and full recovery by 2050. This disclosure will need to include plans to address nature loss within the value chain as well as confirmation that the strategy has been approved by the relevant management boards. 
  2. Each business will be required to disclose all policies relating to biodiversity and ecosystems. This is to ensure that businesses actually have policies to protect nature and how these policies are monitored and managed.
  3. Businesses will have to disclose plans and methodology that will support their biodiversity policies.
  4. A disclosure on the social consequences of nature loss will also be required. This includes, for example, information related to fair and equitable benefit sharing arising from the utilisation of genetic resources and traditional knowledge.
  5. Disclosures will have to include information on how business policies are connected and aligned with global goals and agreements, such as the SDGs, the GBF and the European Green Deal.
  6. Targets will form part of the disclosure mandate. Businesses will be required to disclose the biodiversity and ecosystem-related targets that it has adopted, including timelines, milestones, respect to ecological thresholds and planetary boundaries. In addition, these targets must be supported by the business management board and in alignment with and informed by guidelines set out by the Convention on Biological Diversity (CBD) and Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES).
  7. Businesses must be transparent and disclose all biodiversity actions, action plans and allocation of resources that will enable the organisation to meet its policy objectives. 
  8. The standard requires the disclosure of pressure metrics. Does the business understand how its activities put additional pressure on the drivers of biodiversity loss? These include, but are not limited to pollution, invasive species, land use, climate change and exploitation of natural resources.
  9. Businesses must also disclose impact metrics related to geography or raw materials. This may include impacts on species and their extinction risk or impacts on ecosystems, reporting on extent, condition and function.
  10. Businesses will be required to disclose response metrics to understand how the business has tried to minimise, rehabilitate or restore nature in areas where it has had a significant negative impact.
  11. There is an optional disclosure on biodiversity-friendly consumption and production metrics which will provide insights into its consumption and production which may be considered biodiversity-friendly.
  12. The Taxonomy Regulation requires businesses to disclose information on the proportion of turnover, capital expenditure and operating expenditure that qualify as environmentally sustainable.
  13. Another voluntary disclosure is around biodiversity offsets, where the business may disclose actions, development and financing of biodiversity projects. 
  14. A disclosure on potential financial effects of nature-related risks and opportunities will be required.

This is an evolving space and many businesses will need to implement this as a first step. If a business cannot make these disclosures because strategies have not been developed or adopted, they will need to provide timeframes around when an appropriate strategy will be developed and adopted.

One of the chief aims of BFBI is to guide our businesses through upcoming policy changes around nature-related disclosures.

This article was also published in investESG Insight.

 

 

Our platform lead Lucy Gaffney will be speaking on ‘The Business Journey to Nature Positive’ at the CIEEM Ireland Conference 2023 in the Radisson Blu, Athlone on April 25 – registration now open.

Nature Positive is a global movement that advocates for having more nature at the end of the decade than at the start. The Nature Positive mission is to halt and reverse biodiversity loss by 2030 and has been committed to by the G7 leaders as well as 50 countries, including Ireland and the UK, committing to protecting at least 30% of the worlds land and ocean by 2030.

But what does this mean in the context of the island of Ireland? What will success look like? What are we already doing to move towards this goal and what needs to change if we are going to be fully successful?

Registration is now open and the programme has been released.

The conference opening address will be given by Minister of State for Heritage and Electoral Reform, Malcolm Noonan. Mr Noonan  oversees the National Parks and Wildlife Service, the Heritage Council and the National Biodiversity Data Centre.

Other speakers include Ciaran Fallon of The Nature Trust/Coillte Nature,  Cameron Clotworthy, NPWS, and perspectives from farmers in a session from Caroline Lalor, Nature Based Agri Solutions Ltd and Jonathan Cahill, FarmPEAT Participant Farmer.

More information on the CIEEM site HERE.