The United Nations Biodiversity Conference (COP16) will take place this fall in Colombia. 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. 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:
- Collaborating with companies to validate and refine the list of indicators produced in 2023.
- 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.
- 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 recognizes the impacts and dependencies of not only financial capital but also natural, human, and social capital.
• A partner of Business for Nature, an international organization 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.
Quiz
A quick training quiz on the first steps to take for biodiversity
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.