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ARTICLE · 03 JANUARY 2023

Biodiversity ESGs New Frontier

Corporations need to view their biodiversity and climate strategies in tandem to meet increasing stakeholder expectations.

United StatesCorporate/Commercial Law

Corporations need to view their biodiversity and climate strategies in tandem to meet increasing stakeholder expectations.

Over recent years, as scientific evidence of the decline in biodiversity and natural capital has grown, so too has the realisation of its importance as fundamental to all life on earth. Diverse ecosystems support a healthy, stable environment on which humans have depended for thousands of years, but it is now clear that the biological diversity which supports a healthy planet is under threat from human activity and the impacts of the climate crisis.

Ground-breaking work has sought to attach an economic value to the ecosystem services provided by nature. Biodiversity is the support system of the global economy, with half of world GDP dependent on nature. The UN Environment Programme found that every dollar invested in the restoration of nature creates up to $30 in economic benefits. This economic reliance on functioning, diverse ecosystems

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