The 200 parties to the UN Convention on Biological Diversity last year agreed new global targets to be met by 2030 – the Kunming-Montreal Global Biodiversity Framework (KM-GBF). Alongside ambitious conservation and restoration targets, the KM-GBF called on governments to take legal, administrative, and policy measures to encourage and enable business to “regularly monitor, assess, and transparently disclose their risk, dependencies, and impacts on biodiversity” as well as providing relevant information to consumers.
Legislation is being introduced in many parts of the world – most notably, the EU’s Corporate Sustainability Reporting Directive (CSRD), which comes into force on 1 January and initially will affect 50,000 companies. Under the directive, companies will be required to “have specific targets related to biodiversity including on the restoration and rehabilitation of biodiversity and ecosystems” and specific pressure, impact, response, and…