Major Global Report Warns Businesses Must Protect Nature or Face Extinction
In a landmark report, over 150 countries have raised alarms about the impact of a growth-focused economic model on biodiversity, stating that the obsession with GDP is leading to severe nature loss and threatening both the environment and the global economy. The IPBES Business and Biodiversity Report emphasizes that businesses must take immediate action to protect natural systems, or they risk their own survival. The report details how biodiversity loss poses critical risks to human wellbeing and economic stability, urging companies to align their practices with ecological sustainability. As discussions on this urgent issue gain momentum, financial institutions and stakeholders recognize the need for collaboration in addressing these challenges and implementing strategies for regeneration rather than destruction.
politico.eu, BBC, Reuters, bloomberg.com, Carbon Brief, LinkedIn, GOV.UK, Down To Earth, iucn.org, environment.ec.europa.eu