Why Biodiversity Is Moving Up the Corporate Agenda

The adoption of the Kunming-Montreal Global Biodiversity Framework in December 2022 marked a turning point for corporate attention to biodiversity. With its target to protect 30% of land and sea by 2030, the framework has catalyzed new expectations for business action. The Taskforce on Nature-related Financial Disclosures (TNFD) has emerged as a key framework for companies to assess and report on biodiversity risks and opportunities. Early adopters are conducting nature-related risk assessments and setting science-based targets for nature. Industries with direct nature dependencies—agriculture, forestry, fisheries, and extractives—are leading in disclosure, but the interconnected nature of supply chains means that all sectors will eventually need to address their biodiversity impacts. Financial institutions are also taking notice, with major investors beginning to incorporate biodiversity metrics into their ESG assessments and engagement strategies.