Tag Archive for: WWF

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

 

 

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.  

 

 

The European Business & Biodiversity Forum is coming up in Brussels this September 19, 2024.

The Forum, organised by the World Wide Fund for Nature, formerly the World Wildlife Fund, with the support of the EU Business & Biodiversity Platform, will build on the momentum for biodiversity and calls for growing transformative action from business, with a high-level international conference that aims to rally companies, financial institutions, and partner organisations committed to elevating their efforts in biodiversity conservation and restoration.

The events, also online, will explore the role of businesses in the international context and at the upcoming COP16 Global Summit, also considering the regulatory context, the key role of financial institutions in driving corporate action, and the importance of building robust transition plans for nature. Speakers will include representatives from pioneering organisations, over several workshops and networking sessions.

Register now to secure your spot and be part of the conversation, on-site participation and online available HERE