The UN Conference on Biodiversity (COP16) took place in Cali, Colombia from 21th October to the 1st November 2024. During COP15 in 2022, countries committed to preserving 30% of their lands and seas by 2030. To achieve this, each country is required to publish a national biodiversity strategy. During COP16, 61% of member states submitted national objectives for nature.
For Luxembourg, this is embodied in the National Plan for Nature Protection (PNPN3). A key figure stands out : Companies in the territory representing a cumulative 10% of the payroll must commit to promoting biodiversity by 2026.
Beyond this state-driven initiative, companies have been subject to the new Corporate Sustainable Reporting Directive (CSRD) since January 2023. This directive requires them to conduct a double materiality analysis, specifically addressing: What are the positive/negative impacts of the company’s financial performance on biodiversity? What are the positive/negative impacts of the company’s activities on its economic, social, and natural environment?
Actions for 2024-2025
In an ongoing collaboration with the Ministry of the Environment, Climate, and Biodiversity, we have initiated the “Nature Pact for Businesses,” a continuation of the “Biodiversity Action Lab.” Its objectives are:
- Support and guide companies to start a nature strategy in order to reduce the impacts of their activities on biodiversity and contribute to the restoration of ecosystems.
- Organising workshops based on the following structure: assessment, engagement, transformation, and information disclosure in favor of nature.
- Encouraging companies to start a strategy that integrates nature.
- Collaborate with companies to validate and refine a list of actions developed in 2023.
- Establishing the foundations for a future platform that will provide the necessary resources for companies to transform in favor of nature.
This project is now open to all IMS members.
Previous Actions
Since 2021, IMS has been raising awareness among its members through biodiversity workshops, nature reconnection activities, a premiere of Marie-Monique Robin’s film “The Factory of Pandemics,” and visits to inspiring companies.
In 2023, in collaboration with the Ministry of the Environment, Climate, and Biodiversity, IMS launched the “Biodiversity Action Lab,” a closed working group comprising 10 companies of various sectors and sizes. Its goals include: Meeting the objectives of the PNPN3, Inspiring companies in their nature strategies tailored to their sectors, Developing a list of indicators for better management of green spaces and buildings to support biodiversity, Facilitating sharing and collaboration among diverse stakeholders.
• A member of the World Business Council for Sustainable Development (WBCSD), a coalition of international companies committed to sustainable development.
• A contact point for the Capitals Coalition, which recognises the impacts and dependencies of not only financial capital but also natural, human, and social capital.
• A partner of Business for Nature, an international organisation created in 2021, which recently launched the “It’s Now for Nature” campaign encouraging companies to publish their nature strategies for COP16 and future COPs: It’s Now for Nature.
Sustainability Mag
Discover the articles of the category "Nature".
Replays
The subject was also the main theme of the annual IMS Forum with the intervention of many national (MECDD, MHNH, LIST, Natur&Emwelt, ProSud, City of Luxembourg...) and international (IPBES, IPCC, WWF, WBCSD, Marie-Monique Robin, Alexis Rosenfeld...) experts to raise the awareness of the general public.
A nature strategy includes:
- Double materiality analysis (impacts, dependencies, risks and opportunities along the value chain)
- Commitments (SMART objectives)
- Concrete actions to achieve these objectives
- Validation and involvement of executive committee
To discover exemple of nature strategies: https://nowfornature.org/strategies/
To reduce and avoid impacts throughout a company's value chain, it is necessary to start by identifying impacts and dependencies on nature. Thereafter, it is important to commit by formulating precise, appropriate, measurable and time-defined objectives.
The measures to be implemented can extend across the site, including outdoor areas (green spaces dedicated to hosting biodiversity) and the building (e.g. wildlife-friendly features, reduction of light pollution). Other impact-reduction measures are articulated along the value chain (dialogue with suppliers, raising customer awareness, and involvement of internal teams).
Many of an organisation's impacts result from its activities along the entire activity chain. It plays a role in relation to all its stakeholders and can, therefore, commit to involving its suppliers, customers, and others in a process of impact reduction or even nature restoration.
To act, an organisation must initially identify and assess the impacts of its activities on biodiversity, their dependence on nature, and the risks and opportunities of taking action to preserve ecosystems.
-