BFBI is delighted to host a guest article by Adam Condon, a student of The Business of Nature Positive module at Trinity College Dublin – an exploration of more sustainable options to address the nature-related impacts of waste generation from energy products after marathon events.

A Nature-Positive Roadmap for Sports Nutrition:

Finish Line Fallacy

Three weeks after last October’s Dublin Marathon, I was walking my dog along the road when he nosed something silver out of the hedgerow. A crumpled energy gel wrapper, still sticky with maltodextrin, I grabbed out of his mouth. We hadn’t walked fifty metres before he found another. Then another. The race was long over. The waste was not.

The maths here is grim but worth doing. Around 25,000 runners line up each year, and most marathon fuelling plans call for roughly ten gels across the 42 kilometres. That is potentially up to 250,000 single-use wrappers dropped in a single morning across Dublin’s roads, parks, and canals. And that only counts race day. Factor in the training block, months of weekend long runs through the Phoenix Park, along the city centre, out past UCD, and the real number climbs far higher. Silver sticky wrappers sit in hedgerows, parks, and gardens, from July to October, waiting for the dogs, foxes, and wildlife that smell food and pull them loose.

These wrappers cannot be recycled. They are multi-material laminates, meaning, plastic film fused to aluminium foil, and no recycling site in the country will take them (Ellen MacArthur Foundation, 2016). Because they can’t be recycled, over time they fragment into microplastics that leach into soil and waterways, entering food chains and degrading the Dublin biodiversity we are trying to restore (UNEP, 2021). For a sport built on being outdoors, that is a genuinely sticky irony.

A Product That Depletes Nature Twice

The litter we can see is only half the problem. This product depletes nature twice: once when it is made, and again when it is tossed. Working through the sports nutrition value chain, I was shocked by how deep the upstream damage runs. The fuel inside most gels, maltodextrin, comes from intensive corn or wheat monocultures. These systems strip soil and organic matter, lean on synthetic nitrogen fertiliser, and generate nutrient runoff that leads to algal blooms and aquatic dead zones far from the farm (Tilman et al., 2002). The wrapper is worse. Its aluminium foil lining starts life as bauxite ore, extracted through open-pit mining that tears through tropical forests and leaves behind toxic red mud lagoons in place of thriving ecosystems (Power, Gräfe and Klauber, 2011).

Through a double materiality lens, gel brands carry nature-related risk at both ends of their value chain. Upstream, they depend on degraded ecosystems for raw materials. Downstream, the product waste directly harms local biodiversity. Under the EU’s Corporate Sustainability Reporting Directive (CSRD), companies are increasingly expected to disclose exactly these kinds of impacts and dependencies (EFRAG, 2024). Sports nutrition brands that ignore this two-way exposure are on borrowed time.

The “Design to Fail” Business Model

The current model is to sell-and-forget. Brands take high margins on the fuel and knowingly push the cost of the wrapper onto local councils and nature itself. The packaging design, at best, assumes that an exhausted runner, sticky-handed, oxygen-deprived, and kilometres from the nearest bin, will somehow hold onto multiple torn empty wrappers until they find one. That is not a realistic assumption. It is a product designed to fail.

The EU’s incoming Packaging and Packaging Waste Regulation (PPWR) turns this into a direct financial liability (European Commission, 2022). The PPWR introduces recyclability requirements, minimum recycled content thresholds, and Extended Producer Responsibility (EPR) obligations rooted in the Polluter Pays principle. Brands still selling non-recyclable laminate packaging will face rising EPR levies, potential market restrictions, and inevitable reputational damage across the single market. The only question left is whether companies treat incoming regulation as a grudging cost or as impetus to improve their entire product.

“If You Sell the Fuel, Own the Wrapper”

A Nature Positive Roadmap

Nature Positive is not a slogan. The Nature Positive Initiative (2024) defines it as an ambitious goal referring to measurable outcomes that contribute to halting and reversing nature loss. In terms of sports nutrition, that means moving up the Mitigation Hierarchy. Instead of limiting damage at the end, we avoid the impact entirely through redesign, then actively restore the ecosystems the product touches along the way. The principle I propose is simple: if you sell the fuel, own the wrapper.

On the packaging side, viable alternatives already exist through emerging nature-based enterprises (NBEs). Notpla, a London-based startup, produces seaweed-based packaging that dissolves harmlessly in soil and water, captures and stores carbon in its structure during growth, and requires no arable land or freshwater to produce (Notpla, 2024). By addressing both climate change and biodiversity loss simultaneously, it offers a scalable solution to the polycrisis we face. They have already trialled it at the London Marathon. Picture a gel wrapper that, if dropped by a wrecked runner at mile twenty, breaks down into organic matter within weeks. The downstream biodiversity threat disappears.

On the ingredient side, brands can shift their maltodextrin sourcing towards regenerative agriculture systems that rebuild soil health, increase water retention, and restore microbial diversity (Rodale Institute, 2020). This turns the upstream crisis on its head: a nature-depleting input becomes a nature-restoring one. Major food companies are already investing in regenerative sourcing programmes. The sports nutrition sector has no excuse not to follow.

Runners care about the outdoors. They rely on the cultural ecosystem services, the recreation, amenity, and well-being values, provided by places like the Phoenix Park and the Grand Canal. A brand that delivers  the first genuinely Nature Positive gel, compostable wrapper, regeneratively sourced fuel, does not just avoid a compliance headache. It earns lasting loyalty from a community that can spot greenwashing a mile off. Research consistently shows endurance athletes are willing to pay a premium for sustainably packaged products (Trivium Packaging, 2023). An extra fifty cents per gel to protect the route you love running is not a hard sell.

Fuel the Runner, Not the Route

The sports nutrition industry has a choice ahead of it. One path leads to rising EPR fees, regulatory scrambling, and more silver gel wrappers piling up in Ireland’s hedgerows. The other leads to material innovation, restored supply chains, and brand storytelling that stands out more than any ad campaign.

Event organisers can help force this change. The Dublin Marathon and other mass-participation races should mandate compostable packaging for all sponsored nutrition products by 2028. If your brand wants endorsement, its wrapper should not end up in the Grand Canal.

The finish line is not the end of a product’s lifecycle. It is where accountability starts. If you fuel the runner sustainably, runners will buy the fuel.

References:
EFRAG (2024) EFRAG IG 1: Materiality Assessment Implementation Guidance. Brussels: European Financial Reporting Advisory Group.
Ellen MacArthur Foundation (2016) The New Plastics Economy: Rethinking the Future of Plastics. World Economic Forum.
European Commission (2022) Proposal for a Regulation on Packaging and Packaging Waste, COM(2022) 677 final. Brussels.
Nature Positive Initiative (2024) What does Nature Positive mean? Available at: https://www.naturepositive.org/ (Accessed: March 2026).
Notpla (2024) ‘Our Technology.’ Available at: https://www.notpla.com/technology (Accessed: March 2026).
Power, G., Gräfe, M. and Klauber, C. (2011) ‘Bauxite residue issues: I. Current management, disposal and storage practices.’
Hydrometallurgy, 108(1–2), pp. 33–45.
Rodale Institute (2020) Regenerative Organic Agriculture and Climate Change: A Down-to-Earth Solution. Kutztown, PA: Rodale Institute.
Tilman, D., Cassman, K.G., Matson, P.A., Naylor, R. and Polasky, S. (2002) ‘Agricultural sustainability and intensive production practices.’ Nature, 418(6898), pp. 671–677.
Trivium Packaging (2023) 2023 Buying Green Report. Amsterdam: Trivium Packaging. Available at: https://buyinggreen.triviumpackaging.com (Accessed: March 2026).
UNEP (2021) From Pollution to Solution: A Global Assessment of Marine Litter and Plastic Pollution. Nairobi: United Nations Environment Programme

BFBI Business Programme Lead Dr Catherine Farrell CIEEM, Assistant Professor in Business and Nature at Trinity College Dublin, writes on emerging nature-related disclosure requirements and how stakeholder engagement is a key process step in building collective understanding for business and nature, as workshopped with businesses in our Nature Strategy Accelerator Programme, delivered in collaboration with the Deloitte WorldClimate team.

“It was a beautiful autumn day when our group met in the Deloitte offices in Dublin’s city centre for the last of our three Action Track workshops that focused on the assess phase of the ACT-D framework. In our first workshop, our keen focus was on building an understanding of our value chain – what we do, where – and how that impacts on nature and, importantly, how much we depend on nature.

Too often businesses are experiencing chinks in the flow of essential components of their supply chains due to a fault in a lengthy global chain, with many of those faults related to climate and biodiversity related risks. If we understand these aspects, we can begin to address ways (opportunities) to mitigate those risks.

The next step is to take a metaphorical LEAP (literally: Locate, Evaluate and Assess our impacts, dependencies, risks and opportunities, and then Prepare to report) and draw a map whereby we can begin a deeper dive and evaluate and assess those dependencies, risks and impacts.

But as we draw that map, we must take time to draw out what stakeholders matter, where, and why. Thanks to the Deloitte team for outlining key stages in a stakeholder engagement and communications plan. Stakeholder engagement isn’t just an option – it’s fundamental to being part of a global community, expressed through global and local links in our value chain.

Woman speaks at large screenshowing text in blue boxes and small icons

Under the Corporate Sustainability Reporting Directive (CSRD), Taskforce on Nature-related Financial Disclosure (TNFD) and other guidance such as the Global Reporting Initiative (GRI) and ACT-D, (Assess/Commit/Transform/Disclose), stakeholder engagement is essential for a thorough Double Materiality Assessment process, and critical to any business’ local and global reputation. We were fortunate to have Janice Leonard of SAP Landscapes, above, a business in the next track up, Strategy, present her own journey through DMA and stakeholder engagement, bringing a real-world / learning-by-doing perspective. The SAP Landscapes journey is inspiring, and we all benefited from Janice’s insights, which included the need for steady dedication and the benefits of drawing on the Business for Biodiversity Ireland community within the Nature Strategy Accelerator Programme.

While there is a steep learning curve for many businesses in building awareness and understanding in relation to biodiversity and ecosystems, and the role business is poised to play in driving Nature Positive ambition, Business for Biodiversity Ireland is a reliable support to help businesses of every size and sector work through inter-connections and complexities.

Thanks to all our Action Track businesses for their generosity in sharing their own journeys and we look forward to working with you on the Strategic next phase. Thanks to SAP Landscapes, CIÉ, CIÉ Tours, Cloud Assist, Dublin Airport Authority, FuturEnergy Ireland, Irish Rail, Irish Trees, Scott Cawley Ltd, Shannon Airport, Trinity College Dublin and Watermark.

Following on from earlier Strategy Track workshops, where we focused on the key elements of what a Nature Ambition Statement is (and why every organisation should have one!) and how to set SMART nature targets, BFBI Business Programme Lead Dr Catherine Farrell CIEEM, Trinity College Dublin, writes on the final in-person workshop of 2025 for our businesses in this track where we outlined how to bring all the different components together.

In our first workshop of the year, we outlined the need for in-depth understanding of our business impacts and dependencies on nature, and importantly, where these occur along the business value chain. Armed with insights to our value chain and following the steady guidance of the ACT-D framework  (along with resources such as the WWF Corporate Nature Targets publication, and the Science Based Targets Network framework (with lots of great resources / videos), we began to think about targets.

But, exploring the idea of targets unlocks a whole suite of ensuant questions – should our targets be based on actions or outcomes; resources applied or timeline to get there; and which part of the value chain should we focus on?

Our advice? Stop, take a deep breath and focus on one impact to start with. What could we do to enhance biodiversity at our direct operations? Could we then look further and think about procurement of raw materials – could we set a target to work with our suppliers and collaborate to reduce impacts / drivers of biodiversity loss at source?

Once we start exploring and collaborating, the innovation begins. And innovation is what drives sustainable business forward, to future proof and avoid nature related risk.

The challenge then lies in monitoring and reporting: rather than re-invent wheels take a practical approach and measure what matters, where; and build from there. In our workshop, we explored natural capital accounting methods to build information – showing how knowledge of the stocks and flows help inform decision making and importantly transition planning. Checking how we communicate these targets relative to our Nature Ambition Statement will help to keep us on course.

The team at Business for Biodiversity Ireland extend their gratitude to the Sustainable Futures team at KPMG; thanks also to our hosts Bank Of Ireland, for looking after us at their Baggot Street Head Office. As previous, we followed the guidance for the accelerator programme for businesses set out by Business for Nature under the Commit phase of their ACT-D framework.

Join the Nature Strategy Accelerator Programme for 2026! Sign up on our site or contact our Business Development Manager Dr Maria Fitzpatrick to discuss the options for your business: manager@businessforbiodiversity.ie

 

 

Resistance is growing from the business community and civil society on EU plans to roll back recently introduced laws on corporate sustainability reporting intended to help halt and reverse the degradation of nature, amid lobbying by opposing political forces, with fingers now pointing at US involvement.

As the European Union heads into the final phase of negotiations on the Omnibus Package, it has confirmed that plans to scale back core elements are part of an upcoming trade agreement with the United States. Business For Nature reports that the new EU-U.S. tariff statement pledged that European Sustainability Reporting Standards (ESRS) such as the Corporate Sustainability Reporting Directive (CSRD), as well as the Corporate Sustainability Due Diligence Directive (CSDDD) and the EU Deforestation Regulation (EUDR) will be adjusted so they “do not pose undue restrictions on transatlantic trade”.

However, over 400 businesses, investors and organisations have warned that weakening CSRD and CSDDD risks undermining competitiveness and long-term growth. Signatories, including the Corporate Leaders Group and Eurosif consider that regulatory simplification can be achieved without drastically compromising on the substance of sustainability rules. Read their recommendations, including advice to retain a double materiality approach HERE.

The amended European Financial Reporting Advisory Group (EFRAG) draft of the ESRS is currently up for public consultation until September 29, 2025 and stakeholders – including sustainability experts, investors and national authorities – are invited to share their views. EFRAG will also organise outreach events throughout September and October to gather further feedback ahead of its final technical advice to the European Commission, due by November 30, 2025. Read the draft and amendments here and submit your thoughts via survey.

Meanwhile the European Commission is wrapping up its Call For Evidence feedback period on the matter on September 10. For those with less time or in-depth technical knowledge to review the documents who wish to express their concerns to the EC, the #HandsOfNature Campaign led by environmental groups including the European Environmental Bureau, WWF and BirdLife Europe, and in Ireland, the Irish Environmental Pillar/Irish Environmental Network and Irish Wildlife Trust have a campaign to enable concerned citizens to have their say, including an online tool with sample text you can add to or adjust to state your thoughts on keeping the regulations robust.

The European Commission has adopted targeted “quick fix” amendments to the first set of European Sustainability Reporting Standards (ESRS). This is aimed at reducing the burden and increasing certainty for companies that had to start reporting for financial year 2024 (commonly referred to as “wave one” companies).

According to the current ESRS, companies reporting on financial year 2024 can omit information on, amongst other things, the anticipated financial effects of certain sustainability‑related risks. The “quick fix” amendment, which applies from financial year 2025, will allow them to omit that same information for financial years 2025 and 2026.

For financial years 2025 and 2026, wave one companies with more than 750 employees will benefit from most of the same phase-in provisions that currently apply to companies with up to 750 employees. A summary of the modifications can be found here.

Wave one companies were not captured by the “stop‑the‑clock” Directive, which delayed sustainability reporting requirements for companies that report from financial year 2025 and 2026 (so‑called “wave two” and “wave three” companies) by two years. This Directive was part of the Omnibus I package adopted by the Commission in February 2025.

The Commission is working on a broader revision of the ESRS, with the aim of substantially reducing the number of data requirements, clarifying provisions deemed unclear and improving consistency with other pieces of legislation. It is expected that this review will be completed by financial year 2027.

Despite the ongoing delays and simplifications at EU level, assessing and reporting on your organisation’s nature impacts is still a vital and urgent part of any organisation’s long-term strategy – ignoring your dependencies and impacts on nature means ignoring the potential risks, both financial and reputational, to your business as well as the physical risks that damaging and degrading nature does to our planet, society and to your business’s resilience and longevity.

You can be a leader in your field by tackling these issues now – we’ll show you where to start. Sign up to our Nature Strategy Accelerator Programme today – join the Discovery Track for free to learn more – or contact our Business Development Manager Dr Maria Fitzpatrick for a chat on how to get started on a solid Nature Strategy for your organisation. We will be accepting new businesses to our Action and Strategy Tracks now ahead of our 2026 programme of workshops, peer learning and expert one-on-one guidance – email manager@businessforbiodiversity.ie

Dr Catherine Farrell, Assistant Professor in Business and Nature in Trinity Business School and BFBI’s Business Programme Lead, is co-ordinator of a module for final year business students with learnings on nature, society and economy. The module, the development of which was supported by BFBI, is called The Business of Nature Positive and explores ways for undergraduate students to work with businesses in Ireland to support the global Nature Positive Initiative. We are delighted to share guest articles on a number of associated course topics, beginning with the role of green bonds in sustainable finance.  

In this extract, Ms. Meadbh O’Mahony, Senior Sophister student in Global Business in Trinity Business School, explores why these bonds are insufficient on their own to halt biodiversity decline; while highlighting the important role they must play a nature-positive future: 

 

Bridging the Biodiversity Financing Gap: Why Green Bonds Are Not Enough 

‘The planet’s rich web of life is unravelling, with ecosystems deteriorating at an alarming pace due to human-driven pressures. The UN’s Intergovernmental Science Policy Platform on Biodiversity and Ecosystem Services (IPBES) reports that 75% of terrestrial environments and 66% of marine ecosystems have been significantly altered by human actions, driven by deforestation, pollution, climate change and unsustainable resource extraction (Natixis, 2024). 

Graph with pink and green hues

The World Economic Forum estimates that $44 trillion, over half of global GDP, is moderately or highly dependent on nature. (Deutz A, et al, 2020). Despite the urgency of the crisis, current biodiversity financing falls far short of what is needed to reverse ecosystem degradation.

Despite significant progress being made in climate and sustainable finance, with green bonds channelling nearly $600 billion into environmental projects in 2023 alone (Popoola et al. 2024), they have largely focused on climate mitigation projects, such as renewable energy and carbon reduction and overlooked biodiversity. 

In response to this imbalance, the financial industry is evolving beyond traditional green bonds and to a new generation of financial instruments, biodiversity bonds…’

Read the full article here: Bridging the Biodiversity Financing Gap – Meadbh O’Mahony 

 

BFBI Business Programme Lead Dr Catherine Farrell CIEEM, Trinity College Dublin, writes on the process steps around a Double Materiality Assessment to help guide your nature strategy, the subject of our recent Action Track workshop.

As the birds have started to sing for us every morning again (what a joy!), it’s the right time for our businesses to spring into action. And so, inspired by the stretch in the days, on March 11th the team at Business for Biodiversity Ireland, with help from our friends at Deloitte, launched the first of our three Action Track workshops scheduled for 2025 in Dublin.

Our workshop focused on the key elements of what a Double Materiality Assessment (DMA) is (and isn’t), and why it makes perfect business sense for every organisation to conduct one. Business for Nature has outlined how we can do this through a multi-step, iterative process under the Assess phase of their ACT-D framework

Reporting frameworks and sectoral guidance: With heads spinning after the recent EU Omnibus proposal announcement, we all agreed at the workshop, that even though reporting obligation ‘goal posts and timeframes may change, it’s in everyone’s best interest to understand a) their impacts on nature, and b) nature’s impacts / on our businesses (which in turn, relate to dependencies, but also risks and opportunities). This ‘inward and outward looking’ approach is what puts the ‘double’ in DMA. Thankfully, there is a growing repository of sectoral guidance and case studies, as well as freely available online tools like ENCORE and IBAT that assist businesses to begin the journey of ‘Assess’ with relative ease. In the workshop we talked through CSRD, TNFD, SBTN and GRI, but we reminded ourselves, at the heart of all these frameworks is rolling up the sleeves to understand our business operations, our extended value chains and who we interact with along the way.

Value chains and stakeholders: In a world of global value chains – where does a value chain start and end? We spent a fruitful and insightful couple of hours working through value chains relevant to our businesses present: it was great to see the emerging pictures on flipcharts, and participate in conversations that really helped our collective understanding to grow – particularly in relation to where our greatest impacts and dependencies may lie. This is a critical part of the DMA process.

Our next two Action Track workshops will build on this work, working through tools like the TNFD LEAP (Locate, Evaluate, Assess and Prepare), to help bring our understanding to light.

A big thank you to our supporters and speakers from Deloitte, Arianna Bunello and Sofia Langs, with  support from Aoife Connaughton and Caitlyn Flanagan, BFBI Head of Operations Iseult Sheehy and Head of Research Dr Emer Ní Dhúill, Sarah Kelly, of National Biodiversity Data Centre, Eadaoin Boyle Tobin, Business in The Community Ireland.

Thanks to our Action Track businesses – Emily Riondato, Kate Farrell and Caoimhe Donnelly, of Coras Iompair Éireann; Ken Lyons, CIE Tours; Aine Kirrane, Dublin Airport Authority, Liam O’Neill (and Sean online) of Cloud Assist; Aoife McGovern, Future Energy Ireland; Ailish Duggan, Irish Rail; Bob Hamilton, Irish Trees; David Finane, KMK; Aebhín Cawley, Scott CawleyLtd; Arek Gdulinski, Shannon Airport and David Lawlor, Watermark.

Sign up for Discovery Track or level up to Action Track in the Members Home to gain access to future workshops.

BFBI Business Programme Lead Dr Catherine Farrell CIEEM, Trinity College Dublin, who presented at our recent Stategy Track workshop in Dublin, recaps on the benefits of developing a Nature Ambition Statement to help guide your nature strategy.

It’s is the perfect time to set targets for the coming year. And so, in the spirit of setting a steady nature-positive pace, the team at Business for Biodiversity Ireland, with help from the Sustainable Futures team at KPMG Ireland, kicked off 2025 with an insightful January workshop for our Strategy Track businesses.

Our focus was on the key elements of what a Nature Ambition Statement is – and why every organisation should have one. BFBI, in partnership with Business for Nature, is hosting the It’s Now for Nature Accelerator programme to empower Irish businesses to develop and publish a credible nature strategy.

Step 1: So, you’ve done your basic value-chain mapping, you’ve identified your main impacts and dependencies, and you’ve found that biodiversity is a material topic for your business to include in annual reporting. In the process, you’ve highlighted key areas to focus on, and you have a sense of what you can achieve. Maybe you also discovered areas that your employees or customers want you to focus on. But you need a North Star to guide your next steps. That is what your Nature Ambition Statement is.

There are some good examples available to learn from, such as the ambition statement developed by Foresight Group, and Business for Nature has provided some good guidance around elements that should be included – such as, how your ambition aligns with the Global Biodiversity Framework targets and timelines for delivery. 

Step 2: The ambition, set out in Step 1, can only be achieved if it is supported by setting targets that can be realised. We need to be thinking about targets that are SMART – specific, measurable, achievable, relevant and time-bound; being clear on what is achievable and within what timeframes. This will be the focus of our next two Strategy Track business workshops coming up later in the year.

In a nutshell, a Nature Ambition Statement sets the coordinates for where your business needs to, and importantly, wants to, go for nature. It can be used to help guide the target-setting process within the company but it also sends a clear, action-oriented message to your customers and key stakeholders. The process itself – agreeing and refining the business’ nature ambition – could also be described as the first step in business transformation.

The next step is getting clear on what the business can do, and what it is ready to commit to, towards a nature-positive future. More on this to come in our next workshop in April.

Our Strategy Track includes pilot BFBI businesses who have been progressing their organisation’s Nature Strategy and sharing feedback along the way, including An Post, Bank of Ireland, Bus Eireann, Cairn Homes, ESB Networks, Gas Networks Ireland, Glenveagh Properties, KPMG Ireland’s Sustainable Futures, SAP Landscapes and our associates at Business in The Community Ireland, Biodiversity Data Centre and Trinity College Dublin.

  • To take the first step on the BFBI 4-Track Nature Strategy Accelerator Programme, your organisation can sign up for our free Discovery Track. Once you have a good handle on what’s needed for your business to begin to take action, you can sign-up to progress along the paid Action Track, then the next step will be the Strategy Track.

Read more here – How It All Works.

2024 was an eventful year for those of us working in advancing nature action at both national and global level.

The much-contested  EU Nature Restoration Law  was brought in – and the Green Party, which was in Government at the time, with Ireland’s first Minister for Nature Malcolm Noonan, were instrumental in getting it over the line. However, there remains political pushback at home and abroad as we enter 2025 and environmental concerns slip further down the agenda in the face of the cost-of-living crisis, political turmoil and global conflict. 

Extreme weather incidents are putting these concerns squarely back on the agenda for the private sector as we start 2025, particularly in the area of insurance and financial investments. Fears are being raised in the food sector due to the climate and nature crises, and we will likely see tourism, hospitality and retail affected globally, as well as a rise in public health concerns. The latest  WEF Global Risks Report  rates several environment-related risks in prominent positions in their Top 10 for a 10-year analysis, with the risk from biodiversity loss and ecosystem collapse ranked in second place, after extreme weather events. The short-term (2 years) risk analysis ranks extreme weather events in second place, however, the risk from biodiversity loss and ecosystem collapse is not as prominent yet on the short-term list of worries for polled business leaders. This is surprising given that it is now widely understood that biodiverse ecosystems create resilient landscapes and enhance carbon sequestration, lessening the effects of climate change such as extreme weather events. (The Economics of Biodiversity aka the Dasgupta Review, for the UK Treasury in 2021, warns we must start accounting for nature’s contributions in national accounts to inform decision-making for future resilience).

We welcome the announcement of a new Minister of State for Nature, Heritage & Biodiversity, Christopher O’Sullivan TD, at the Department of Housing, Local Government and Heritage, and hope concrete and swift action on nature loss and degradation will be set in motion once Ireland’s National Restoration Plan, being developed by the  National Parks & Wildlife Service  in conjunction with relevant stakeholders, is finalised. The new  Programme for Government  pledges to keep the Infrastructure, Nature & Climate Fund, instigated by the previous government, with plans to pursue more funding at EU level, and delivery of Ireland’s  National Biodiversity Action Plan 2023-2030,  which sees a whole-of-government, whole-of-society approach. We look forward to continuing to work with a number of government departments in developing and implementing actions to support businesses in achieving this. 

Despite an uneven progress following successive global summits on climate and nature, BFBI agrees with recent commentary by Business for Nature’s CEO Eva Zabey that interest levels and discussions on biodiversity within the business and policy world are certainly “maturing and multiplying”. “Tackling complex issues such as biodiversity loss and its interconnections with climate and social equity takes time, where global discussions remain key, even if they don’t always result in the urgent progress we are collectively striving for.

“This requires all of us to act with both urgency and perseverance. We take heart in the progress made over the past 12 months by our fantastic community and partners, and by the growing number of businesses and policymakers committed to building a nature-positive future for all by 2030.”

Zabey lists some key highlights from the past year, including the introduction of the EU’s Corporate Sustainability Reporting Directive (CSRD) in effect for 11,000 companies in 2025.

Over 500 companies have committed to disclosing their nature-related issues to investors using the TNFD recommendations – a 57% increase since the beginning of the year, 30 companies have published dedicated nature strategies through It’s Now for Nature and first mover companies publicly adopted science-based targets for nature. These are encouraging signals of change.”

However voluntary action by businesses is far from the norm, and many organisations still do not understand their impacts and dependencies on nature. There is confusion among Irish companies on the scope of the new reporting rules, with a number of our larger legal firms seeking clarification from the Government on how the legislation is to be applied in Ireland.

It is essential that the new Government and the business sector show leadership in making this the year to accelerate our transition to Nature Positive rather than risk playing catch-up – if you are new to it all, start here on our free Discovery Track with access to the evolving guidance and resources coming your way in 2025, including our free webinar series.

Those keen to make the commitment to put prior learning and resources into action now can join our Nature Strategy Accelerator Programme’s paid Action Track for tailored help to get your reporting on track, and be ready to make real positive impact for your business and for nature. We’ll help you to advance to our Strategy Track and Evolution Track, through our Roadmap to Nature Positive (in alignment with the global Now for Nature Strategy), to maintain a steady path to long-term sustainability.

Get on track HERE.

 

With only a quarter of our wild species remaining on the planet, we need to act now to protect what’s left, writes BFBI Executive Director Lucy Gaffney. 

As COP29 in Baku, Azerbaijan draws ever closer, the alignment of biodiversity and climate is emerging as a key theme, with nature featuring specifically on day 10 (21st of November), the penultimate day.

The latest WWF Living Planet Report reveals some grim statistics about the current state of nature globally. We are now showing a decline of 73%, a drop of almost three quarters, in the average size of our monitored wildlife populations, with over a million plant and animal species at risk of extinction. Humans have already altered three quarters of our planet’s land surface and two thirds of our marine environments. Although changes in the environment may appear gradual and relatively small, we are beginning to see evidence of their cumulative effects and there are concerns that we are approaching dangerous, irreversible tipping points. If we tip over, the results may be catastrophic. 

Tipping points 

When our planetary systems surpass a tipping point, the results can be unpredictable, and potentially devastating. Nature is approaching these tipping points much faster than predicted. Perhaps we’ll see the collapse of local fish stocks, impacting the livelihoods of the local community. Maybe we will bear witness to regional fish stock collapse on a larger scale that may have a much larger impact on the global economy, destabilising supply chains and income streams on a much grander scale. This is not just an environmental issue, it will affect everyone, everywhere. 

What systems are close to breaking point?  

The Amazon Rainforest supports more than 10% of the planet’s biodiversity and 10% of all known fish species. More than 47 million people call it home. In terms of carbon storage, it sequesters between 250 and 300 billion tonnes of carbon. But decades of deforestation and degradation driven by the beef, soy and palm industries have compromised the Amazon’s resilience. There are fewer trees, leading to less rainfall and increased drought risk. With increasing global temperatures, the Amazon is getting hotter and drier. This means that it is vulnerable to wildfires and is at an increased risk of entering into a vicious cycle of heating and burning. We will feel the impact of this on a global scale with decreased rainfall in water-stressed areas, reduced agricultural productivity and increased food and water scarcity. 

If the Amazon reaches this tipping point it would flip from being a climate ally and would start accelerating climate change. It is estimated that the destruction of Amazonian plants and trees will release 75 billion tonnes of carbon into the atmosphere. So how close are we to tipping the scales? This WWF report predicts that if we remove 20-25% of the Amazon Rainforest, the system will tip. We’re at 17%. 

This is just one critical tipping point. We are also dangerously close to 4 other tipping points, each of which has the potential to push other planetary systems closer to the edge, threatening our earth’s life support systems and society as we know it. 

Melting Ice Sheets in Greenland and the Antarctic have the potential to significantly alter oceanic circulation systems and cause sea levels to rise by several metres. 

Dying Coral Reefs could destroy fishing zones, impacting hundreds of millions of people who depend on the reefs for sustenance. Coral reefs also offer flood and storm protection for these local communities. 

Changing Ocean Currents will devastate marine ecosystems and alter global weather patterns resulting in more extreme winters and more intense summer heatwaves, particularly in Europe. 

Melting Permafrost releases greenhouse gases and other contaminants into the ocean. 

We know what we need to do! 

Nature is remarkably resilient, and if afforded the chance, it will recover. We know what we need to do to alter this disastrous trajectory. Restore ecosystems and increase their resilience. We need to transform our food and energy systems, the main drivers of biodiversity loss and climate change. We need to move money away from damaging activities and fossil fuel investments, and towards nature restoration and protection. 

Ecological breakdown is happening as a result of unrestricted, uncontrolled economic endeavours and business and industry have a critical role to play in turning the tide. Target 15 of the Global Biodiversity Framework asks that businesses assess and disclose their impacts on nature, with a view to creating and implementing a nature strategy that will limit the damage they are doing. The goal is to shift business models into a nature-positive mode, where activities no longer harm the natural world and resources are deployed towards the protection and conservation of what we have left, that 27%. The Global Goal for Nature calls for a halting and reversing of nature loss by 2030, and a trajectory of recovery from then on. 

The world is waking up and we now recognise the need for change. There’s no shortage of knowledge, people or passion to achieve our objectives and turn things around. What we need now is urgent action. Governments, businesses and communities need to mobilise to ensure that we have a healthy planet to pass on to future generations. Individual behaviours matter, mindset matters. Society has the power to change both. With our collective efforts, nature can bounce back.   

Lucy Gaffney is Executive Director of Business for Biodiversity Ireland – join today and we can help your business understand your impacts and dependencies on nature and create a strong nature strategy.