The business and economic case for safeguarding nature
Biodiversity loss and ecosystem collapse was ranked by leaders in business, government and civil society as one of the top five threats humanity will face in the next 10 years in the World Economic Forum’s 2020 Global Risks Report.
Nature is declining at an unprecedented rate, with nearly 1 million species facing extinction because of human activity. Current production and consumption patterns, land use and urbanization, population dynamics, trade, industry and governance models underpin this loss. For instance, global resource extraction has tripled from 27 billion tonnes in 1970 to 92 billion tonnes.
With human health, jobs and a stable climate dependent on nature, inaction puts trillions of dollars of the global economy at risk. There is need for a great reset of humanity’s relationship with nature.
Public-private efforts towards building a new nature economy can drive the next stage of growth that is resilient, just and has nature-based solutions at its core.
Risks, transitions, opportunities and investments
The New Nature Economy series is made up of three reports which provide the fact base to the Nature Action Agenda (NAA). More detail on each report can be accessed through the tabs at the top of this page.
1. Nature Risk Rising, produced in collaboration with PwC and the first report in the NNE series, explains how nature-related risks matter to business, why they must be urgently mainstreamed into risk management strategies and why it is vital to prioritize the protection of nature’s assets and services within the broader global economic growth agenda.
2. The second report, Future of Nature and Business, due out in July 2020, identifies what transitions are needed to move towards a nature-positive economy and how businesses can be part of the solution, paving way for new opportunities.
The report is being prepared in collaboration with AlphaBeta. Its findings inform the working priorities of the NAA’s Champions for Nature, a community of leaders disrupting business-as-usual to lead the way to a nature-positive global economy and halt nature loss by 2030.
3. For the series’ third report, to be released in Autumn 2020, the Forum will work with McKinsey in scoping the market and investment opportunities for nature-based solutions to environmental challenges, as a way forward to solve both the nature and the climate crises.
In addition to the reports, the series will contain a set of policy recommendations and a number of in-depth case studies.
- COVID-19 and nature are linked. So should be the recovery.
- 5 reasons why CEOs must care about safeguarding nature
- There is no returning to normal after COVID-19. But there is a path forward.
- Why 2020 is the year to reset humanity’s relationship with nature
- 5 reasons why biodiversity matters – to human health, the economy and your wellbeing