Food production is the primary cause of global biodiversity loss (60-70%). At the same time, approximately one third of the food produced (1.3 billion tonnes) is wasted along the supply chain. Food waste increases pressure on agriculture and therefore drives biodiversity loss. Finding efficient ways to track value chains can reduce food waste.
Following the release of the new CDSB Water Guidance, we caught up with investors, companies, and NGOs to discuss water-related financial disclosure at the World Water Week.
The Water Guidance offers companies a means of developing their reporting practices and ensuring that investors are receiving the information needed to drive the transition to a sustainable, resilient, and water secure economy.
Over 2 billion people live in countries with high water stress levels. Global water use has more than doubled in the last 40 years. Coupled with the effects of climate change, the strain intensifies. Businesses are already experiencing financially-material impacts related to competition of water resources and its associated degradation of ecosystems.
The Climate Disclosure Standards Board (CDSB) is encouraged to see the Taskforce on Nature-related Financial Disclosures (TNFD) achieve significant traction in making nature an area of focus for the business community globally, as the standard setters look to create a unified system for sustainability reporting.
New guidance underway for companies to address biodiversity and land use-related financial reporting. CDSB's Technical Director, Ravi Abeywardana, shares insight into the work.
Francesca Recanati takes a deep dive into the meaning of water-related financial risks for business and shares insight into CDSB's ongoing work on water-related disclosure.
Natural capital disclosure is still in its nascence, despite the fact that businesses and their investors have already been exposed to its financial impacts. For the financial sector to be able to take natural capital into account, they need nature-related financial information from the businesses they invest in.
