The organisation emphasises the need for mandatory disclosure of nature impact in corporate reporting. Similar to financial reporting, it is about businesses being transparent about their dependencies and impacts on nature.
More than 400 business and finance institutions from 52 countries, including some New Zealand businesses, came together to help convince governments to adopt Target 15 of the Global Biodiversity Framework. This is calling for large businesses and financial institutions to assess and disclose their risks, impacts and dependencies on nature by 2030.
In this way companies are held accountable for their nature-related actions. This leads to increased awareness and understanding of the importance of nature in business operations.