Nature readiness
Context
Nature underpins healthy and prosperous societies and is vital for robust economies and successful business; it is estimated that $44 trillion of economic value generation, more than half of global GDP is moderately or highly dependent on nature¹, with the other 50% still depending on nature to a lesser extent. However, nature continues to decline rapidly², is inextricably linked with climate change and that environmental concerns continue to be recognised as major global risks³.
The landscape of nature related initiatives and frameworks is rapidly evolving to propel understanding of how we impact and rely on nature and to drive action to ultimately conserve and restore nature. With the adoption of the Global Biodiversity Framework and the upcoming launches of the TNFD framework and Science Based Targets for Nature, understanding and managing nature-related risks and opportunities has never been more important for business.
¹ World Economic Forum (2020). Nature Risk Rising: Why the crisis engulfing nature mattes for business and the economy
² WWF (2022) Living Planet Report 2022. Building a nature-positive society.
³ World Economic Forum (2023) The Global Risks Report 2023. 18th edition. Insight report
How can we help?
Little Blue Research can help business navigate this landscape, particularly TNFD and science based target implementation, and realise the risks and opportunities they may face, and start business on a nature positive journey.
Scoping
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What are the frameworks?
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How do they affect my business/operations?
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How/what should I prioritise?
Insights
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How does this link to what I’m already doing?
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What is my supply chain exposure?
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What are impacts and dependencies?
Risk analysis & strategy
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What are my nature related risks and opportunities?
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How do I engage with my suppliers?
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What metrics do I need to monitor?
Case studies
Little Blue Research is supporting several clients with piloting the initial stages of the TNFD framework, providing nature positive support and advising on readiness for the science based targets for nature.
