It is widely accepted that nature and biodiversity are key to economic prosperity and human wellbeing and that current rates of degradation and loss must be reversed. Businesses and investors are becoming aware that nature is critical to a functioning society and financial system. However, the valuable role of Indigenous Peoples and local communities as stewards of nature is often overlooked. This paper reviews some of the existing tools that can help businesses and investors meet their commitments to reduce harmful practices and enhance nature. It provides recommendations for how these tools can be improved and better address Indigenous Peoples’ and local communities’ concerns and rights.
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- Pages
- 27
- Published in
- United Kingdom
Table of Contents
- Summary 5
- 1 Context 7
- The interlinking challenge of the biodiversity, climate and inclusion crisis 8
- Indigenous Peoples and local communities are key to developing effective approaches to nature assessment, action and accountability 8
- Nature related risks: financial and non-financial 8
- Global agreements and accountability 8
- 2 Review of nature tools for business and investors 9
- Sector Actions Towards a Nature-Positive Future 10
- CDP Disclosure System 12
- Equator Principles 12
- GRI Reporting Initiative Standards 14
- International Sustainability Standards Board (ISSB) 15
- Natural Capital Protocol 16
- Taskforce for Nature-related Financial Disclosures (TNFD) Recommendations and Additional Guidance 20
- 4. Looking forward 22
- 1. Limited access to assessment of information and transparency 22
- 2. Tools lack consideration of Indigenous Peoples’ and local communities’ perspectives and rights 22
- 3. Fragmented approach between nature and climate (and development) 23
- 4. Lack of ambition within the mitigation hierarchy 23
- 5. Areas for further analysis 23
- Notes 25
- Related reading 26
