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Biodiversity in business strategy

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Biodiversity in business strategy
In 2016, there were more than 11 million hectares of mangroves worldwide, collectively storing the carbon equivalent of 21 gigatons of CO2. About 14% of these tidal forests are in East Africa including Kenya, Madagascar, Mozambique, and Tanzania. Image credit: Leon Louw for WhyAfrica

Biodiversity in business strategy

By financing practical actions private companies can drive positive action to enhance and restore nature.

By Leon Louw owner of WhyAfrica and editor of the WhyAfrica magazine

According to the UN Convention on Biological Diversity, integrating active management of biodiversity into core business strategies can be a tremendous profit which will enhance opportunities for these firms. Conversely, a lack of consideration can be incredibly costly.

While it has taken a long time to get climate risk frameworks integrated into financial thinking, the hope is that biodiversity risk will be much quicker.

According to the Nature Conservancy, the nature funding gap can be closed for less than 1% of global GDP – equivalent to what the world spends on cigarettes or soft drinks each year.

The United Nations Environment Programme (UNEP) has found that for every dollar spent on nature restoration, at least USD9 of economic benefits can be expected.

Crucial role of the private sector  

As the largest potential source of investment in climate change mitigation and adaptation measures, and with the ability to effect positive change across entire value chains, the private sector has a crucial role to play in these global endeavours.

In a recent independent review, commissioned by the UK Government, on the Economics of Biodiversity clearly identified that both businesses and governments still fail to account for “natural capital”.

“It proposes an alternative approach where economic evaluations rely less on GDP and focus more on natural capital: the stock of natural resources (including geology, soils, air, water, and all living things) and their value in financial terms, based on their importance to human wellbeing and planetary health (from the report Nature Positive Travel and Tourism)

The draft Global Biodiversity Framework recognises the crucial role of the private sector in the required transformation of society’s relationship with nature. This includes managing the use of natural resources and minimising its impact on nature; it recognises that businesses have enormous power to protect and restore nature.

According to the report Nature Positive Travel and Tourism businesses can help mobilise financial resources and technical capabilities, leverage government efforts, engage civil society, integrate and enhance community efforts, and develop innovative services and technological solutions.

Through better impact assessment, strategic planning, robust monitoring and regular reporting, businesses can better understand the scale and speed of biodiversity loss and actions to reduce it. Coordinated action to mainstream biodiversity commitment, cross-disciplinary collaboration and targeted education can help achieve these goals.

A valuable commercial investment

The private sector should take a proactive role in nature protection and restoration. Nature Positive actions can be valuable commercial investments and can enable collaboration with local organisations and the empowerment of local communities.

Effective activities include:

  •  Delivering powerful and informative communication for customers
  • Raising awareness among other businesses and public bodies
  • Support other nature positive initiatives
  • Support sustainable value chains

By financing practical actions through social impact, Environment, Social and Governance (ESG) schemes, and local nature conservation partnerships, it is possible to drive positive action to enhance and restore nature.

Partner with WhyAfrica and make biodiversity protection and communication key drivers of sustainable growth as your company expands its footprint across Africa. WhyAfrica specialises in the sustainable utilisation and responsible extraction of natural resources in Africa.

Biodiversity in business strategy

Biodiversity in business strategy
Book with Endorphin Expeditions. We create African adventures. https://endorphinexpeditions.co.za/contact/

WhyAfrica provides on the ground information and business intelligence about the sustainable utilisation and responsible extraction of natural resources in Africa, and can assist your company through:  

  1. Membership:
  • WhyAfrica’s membership offers great business insights to you, your company, and clients.
  • Amongst many other benefits, we will publish editorial content about you or your company on the WhyAfrica online platform and on all WhyAfrica’s social media pages – the annual fee is R6,500 and you can find out more or subscribe here: https://www.whyafrica.co.za/product/membership/ 
  1. Sponsorship:
  • WhyAfrica’s Road Trip takes place annually in July and August. During our Road Trip we aim to visit more than 30 project sites. Sponsoring the Road Trip, or to be a WhyAfrica member, gives you unparalleled insight into the business environment of the countries that we travel to and the project sites we visit.
  • To be a member or sponsor allows you access to invaluable, on the ground, business intelligence and a great marketing opportunity for all companies doing business in Africa.
  • The main aim of our Road Trips is to promote Africa as an investment destination and to showcase Africa’s greatest companies, and projects to our large global audience, which includes a list of potential investors, venture capitalists and serial entrepreneurs.
  • To view the photos of this year’s Southern Africa Road Trip click on the gallery link or follow our Instagram account at why.africa https://www.whyafrica.co.za/road-trips/whyafrica-road-trips/. 
  1. Advertising:
  • We publish daily online articles on our WhyAfrica platform and post them on social media every day. Our combined online reach is more than 45,000. In-article banner ads are highly successful advertising tools as is advertising space on our website.
  • In addition to our bi-weekly newsletters, we publish two printed- and two interactive digital magazines per year. The printed magazines are distributed at major events and conferences throughout the year, and also on our WhyAfrica Road trips.
  • Digital magazines are e-mailed to all our subscribers and shared on our social media platforms. A copy of the latest edition is automatically attached to all our outgoing e-mails.
  • WhyAfrica magazines provide great marketing opportunities. There are also in-article and on-line advertising opportunities at exceptional rates. Contact me for more information on leon@whyafrica.co.za or give me a call.
  • To subscribe to WhyAfrica’s free newsletters and magazines click on the link and register: https://www.whyafrica.co.za/subscribe/  
  1. 4. Partnerships
  • Maximise your African exposure and link with our large business network through becoming one of only 10 WhyAfrica partners. We have only five prime partnership positions left for 2023, so contact me at leon@whyafrica.co.za to get the best deal. 

Biodiversity in business strategy

 

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AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management