White Paper Release: Unveiling the current practices of corporate biodiversity management
CSR Europe in collaboration with the World Environment Center has recently released the White Paper "How Companies in Europe Address Biodiversity: Learning from Disclosure."
The paper draws on the valuable contributions of member companies of the Biodiversity Alliance - Autostrade per l'Italia, BASF, Coca-Cola HBC, Hitachi, Impronta Etica, Leonardo, PPC S.A., Syensqo, and TITAN Cement Group
In an era where environmental sustainability is a top priority, companies worldwide are stepping up their commitment to biodiversity, pushed by new legislation, increased investors’ and civil society’s attention, and the need for long-term resilience. However, biodiversity management comes with a wide variety of challenges for businesses, which are still in a learning-by-doing phase.
To shed light on this crucial subject, CSR Europe, in collaboration with the World Environment Center, released in February a White Paper titled "How Companies in Europe Address Biodiversity: Learning from Disclosure." The paper analyses the reporting practices of businesses to highlight the most pressing challenges and strategies that are being implemented to safeguard biodiversity on a corporate level.
Companies face numerous hurdles in managing and reporting their biodiversity impact, including the complexity of having clear and standardised metrics, balancing conservation with economic growth, and navigating intricate value chain dynamics while ensuring transparency and accountability.
Despite this, several pioneering companies are leading the way with forward-thinking biodiversity strategies. Their efforts focus on prioritizing critical biodiversity sites, identifying key environmental pressures, leveraging nature-based solutions for climate mitigation and long-term sustainability, and embedding biodiversity goals into broader corporate sustainability strategies.
To enhance corporate biodiversity management, the White Paper also suggests strengthening collaboration with local stakeholders, communities, and conservation experts, implementing robust metrics for monitoring biodiversity pressures and impacts, and developing sector-specific best practices while fostering knowledge-sharing initiatives. Different industries face unique biodiversity challenges, and it is important to deploy tailored solutions for each situation.
CSR Europe extends once again its gratitude to the partners of the Biodiversity Alliance - Autostrade per l'Italia, BASF, Coca-Cola HBC, Hitachi, Impronta Etica, Leonardo, PPC S.A., Syensqo, and TITAN Cement Group - for their invaluable contributions to this initiative.
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