· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on ESG News or enjoy below:
🗞️ Driving the news: The CDP report reveals a 43% increase in companies disclosing biodiversity data since the 2022 adoption of the Global Biodiversity Framework (GBF)
• Corporate reporting of water data to CDP grew by 33%, with a 22% reduction in water use achieved
• However, fewer than 10% of companies assess their biodiversity dependencies, posing unaddressed financial risks
🔭 The context: As COP16 in Colombia focuses on implementing the GBF, CDP’s data highlights a growing corporate focus on biodiversity, water, and forest impacts
• The “Paris Agreement for nature” has sparked corporate action, but disclosure gaps reveal that full commitment to biodiversity remains limited
🌍 Why it matters for the planet: Increased transparency in biodiversity and water impacts is vital to achieving the GBF’s 2030 targets, as businesses significantly impact ecosystems
• More disclosures and regulatory support could drive meaningful environmental action across sectors
⏭️ What's next: With rising investor interest, including a new €100 million French fund targeting biodiversity, CDP’s data will guide companies and investors alike
• COP16 may also introduce ambitious policies that mandate nature-related corporate disclosures
💬 One quote: “Nature supports our entire economy... bringing nature into the boardrooms,” - Sherry Madera, CEO of CDP
📈 One stat: 43% increase in biodiversity data disclosures among companies since 2022
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