Taking action on nature

1 March 2024

If you have learned something new about nature & biodiversity through our last few posts and are wondering what to do next as a business here are some starting points:

💥  Identify Your Impacts: Understanding your environmental footprint is the first step. Conduct a comprehensive assessment to determine how your operations affect the natural environment. Whether it's through resource consumption, waste generation, or emissions, knowing your impacts is the foundation for meaningful change.

💧  Identify Your Dependencies: Take a closer look at the natural resources your business relies on. This involves understanding your supply chain, recognising dependencies on biodiversity, and acknowledging the ecosystems that support your operations. Identifying dependencies lays the groundwork for sustainable practices and responsible sourcing.

🕵️  Assess Your Risks and Opportunities: A thorough analysis of the risks and opportunities tied to nature is essential. Climate change, biodiversity loss, and resource scarcity pose risks, but they also present opportunities for innovation and adaptation. Recognising these factors will enable you to develop resilient strategies and contribute positively to both the environment and your bottom line.

🌲 Invest in Nature-Based Solutions: Nature-based solutions are key to tackling the biodiversity crisis. Consider incorporating green infrastructure, reforestation initiatives, or water conservation practices into your operations. By investing in these solutions, businesses not only mitigate their environmental impact but also contribute to the preservation and restoration of ecosystems.

📝  Report: Transparency is vital for accountability. Regularly report on your environmental initiatives, progress, and outcomes, and utilise the TNFD framework. Reporting also provides an opportunity for stakeholders to engage and support your efforts, fostering a sense of shared responsibility.

#nature
#biodiversity
#nbs
#tnfd

Previous
Previous

What is the TNFD?

Next
Next

Nature on The Board