By Jamie Martin
As the world gears up for the United Nations Biodiversity Conference (COP16) in October, more than 130 companies from diverse industries are stepping forward to demand stronger actions against biodiversity loss.
Among these companies are Danone and Nestlé, which have joined forces with the Business for Nature coalition to advocate for the speedy execution of the Biodiversity Plan, a crucial agreement targeting ecosystem restoration by 2030.
The focus on biodiversity has become increasingly prominent within corporate sustainability strategies, especially as food systems are linked to significant environmental impacts, including deforestation and biodiversity depletion.
According to a report by S&P Global, the food sector has shown an 8.9% increase in companies setting biodiversity targets over the past year.
This growing commitment is also spurred by impending EU legislation banning products associated with deforestation, prompting industry leaders to adapt their sustainability practices.
Business for Nature is pushing for robust policies that enhance corporate accountability and support environmental initiatives.
Among their recommendations are enhanced regulatory and financial frameworks to help farmers adopt regenerative agriculture practices and compulsory corporate disclosures on water usage aimed at achieving set targets for sustainability in industry and agriculture.
Photo Credit: usda
Categories: National