Businesses Face Extinction if They Don’t Lead Transformative Change, Warns IPBES Report
Oru Leonard
A report by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES), warns that businesses are at risk of extinction if they don’t lead transformative change to protect biodiversity.
Findings include:
Biodiversity loss poses systemic risk: The global economy has grown at the cost of immense biodiversity loss, threatening financial stability and human wellbeing.
Businesses depend on nature: All businesses rely on material inputs, environmental regulation, and non-material contributions from nature.
Inadequate incentives: Businesses face inadequate or perverse incentives, barriers, and gaps in data and knowledge, hindering efforts to reverse nature’s decline.
Nature’s decline is costly: $7.3 trillion in public and private funds goes to nature-harming activities annually.
Action is needed now: Companies must set ambitious targets, strengthen auditing, and innovate to protect
Transformative change possible: The report offers tools and over 100 actions for businesses, governments, and civil society to align profitability with biodiversity conservation.
The report emphasizes that businesses must prioritize biodiversity conservation to ensure long-term prosperity and sustainability. 
About IPBES
The Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES) is a global authority on biodiversity and ecosystem services. Their recent report highlights the urgent need for businesses to lead transformative change to protect nature, warning that biodiversity loss poses a systemic risk to the global economy and financial stability.
IPBES emphasizes collaboration among governments, financial actors, civil society, and businesses to create an enabling environment for sustainability.
