3. Bring nature into climate action
There is no pathway to net zero without the protection and restoration of nature, and all companies should be incorporating nature into their climate action plans. First, companies will need to understand their relationship with nature, including the negative impacts caused by their operations and value chain.
Once this relationship is understood, companies should look to mitigate their impacts, and go beyond this to have a net positive impact on nature; putting it at the heart of decision-making and creating robust biodiversity action plans for their operations and value chain.
Companies should then look for opportunities to invest in nature to directly contribute to their net zero commitments, alongside a rapid phase-out of fossil fuel use. This could include investing in high integrity nature-based solutions to climate change that not only sequester carbon, but support biodiversity and help local communities to thrive too. Nature-based solutions should only be applied in the context of wider decarbonisation priorities and should be developed to high standards that deliver core benefits for biodiversity, people and climate.