More than 300 businesses, including H&M, Sainsbury’s and Nestlé, have urged world leaders to make it mandatory for companies to assess and reveal their impact on nature by 2030.
Businesses and financial institutions in 56 countries – including the UK, Canada and China – are pushing for governments to agree to the disclosures at Cop15, the UN biodiversity conference being held in Montreal this December.
In an open letter to heads of state, business leaders said the business and financial status quo was “economically shortsighted and will destroy value over the long term”.
If agreed, the pledge would apply to all large companies across the 196 countries signed up to the Convention on Biological Diversity, the global agreement on protecting nature. It follows increases in the number of companies making pledges to reduce emissions, with climate disclosures now mandatory in the UK, France and New Zealand, and pressure mounting for other countries to take action.
Read the full article at: www.theguardian.com
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