Embed Nature into Net Zero Strategy
There is no net zero without nature. By integrating nature-positive goals into net zero plans, companies can significantly contribute to advancing climate objectives. This is because nature action boosts climate mitigation. With critical deadlines approaching to protect nature, the nature-positive pathway is an essential resource for companies in net zero planning and risk mitigation.
The nature-positive pathway is crucial for businesses at any stage in their journey toward climate and nature action. It outlines four critical steps for companies ready to accelerate their progress toward a more resilient and nature-positive net-zero future:
- Assess and Reduce Impact: Conduct a materiality screening and create a comprehensive emissions inventory to identify where business activities interact with nature and assess material dependencies, impacts, risks, and opportunities.
- Set science-aligned targets: Establish precise, time-bound, science-aligned targets to mitigate priority impacts on nature, aiming for net zero emissions by 2040 or sooner.
- Take Action & Engage Stakeholders: Collaborate with stakeholders to implement integrated climate and nature strategies to avoid future impacts, reduce current impacts, and regenerate and restore ecosystems.
- Report and Disclose: Prepare disclosures by creating responses to material issues, strategies, action plans, and risk management processes to achieve targets. Transparently report progress against commitments and compliance with evolving disclosure requirements.
The nature-positive pathway consolidates recommendations from emerging frameworks and targets, such as the Capital Coalition’s ACT-D Approach, Science-Based Targets Network (SBTN), and the Task Force on Nature-Related Financial Disclosures (TNFD).
As regulations evolve, businesses must stay ahead by preparing for and meeting disclosure requirements. The nature-positive pathway helps prepare and highlight emerging opportunities in climate and natural ecosystems.