Overview
- Representatives of more than 150 governments adopted the IPBES Business and Biodiversity report in Manchester, drawing on work by 79–80 experts from 35 countries with indigenous and local knowledge input.
- IPBES concludes every company depends on biodiversity and contributes to its decline, framing nature loss as a critical risk to the economy, financial stability and human well-being.
- Global finance in 2023 skewed heavily toward harm, with an estimated $7.3 trillion funding nature-damaging activities, including $2.4 trillion in subsidies, versus about $220 billion for conservation and restoration.
- With fewer than 1% of listed firms disclosing biodiversity impacts, the report lays out 100+ measures that prioritize mandatory disclosure alongside regulatory and fiscal reforms, arguing voluntary efforts are insufficient.
- Coverage highlights emerging private tools such as Hula Earth’s AI-based monitoring and corporate supply-chain shifts like followfood’s cod sourcing change, even as some EU and German steps weaken protections and expose a policy gap.