- Many of the risks associated with the decline of nature are concentrated in the agricultural supply chain
- Biodiversity at all levels facilitates adaptation and ensures that species are resilient to changes in external conditions
- Global food security is directly linked to soil health, with pollination another key ecosystem service
Ingredients from nature
Soil health and pollination
Assessing biodiversity impacts
The World Bank recently warned that a collapse of ecosystem services could result in a decline of $2.7tn of global GDP annually by 2030, so action to protect and restore biodiversity must be accelerated. Companies with agricultural supply chains should assess and disclose their biodiversity impacts and dependencies, as outlined in our engagement framework within Our Commitment to Nature. This process will help the company to identify material risks and design meaningful interventions. Other focus areas for engagement include ensuring effective governance of nature-related risks and opportunities, and encouraging companies to commit to having a net-positive impact on biodiversity by 2030 at the latest.
Throughout this series, we will explore some of the main transformations required within the food system, and how companies and their investors can play a role. The next article will focus on the need for dietary changes, which is a critical part of the solution.