Tuesday, February 11, 2020
8 steps to develop a biodiversity strategy: Kering and CISL publish a primer
Nature is declining at a rate unprecedented in human history, with one million species now threatened with extinction. This degradation of nature affects society as a whole, including businesses that rely on natural resources. To highlight this dynamic, Kering and the University of Cambridge Institute for Sustainability Leadership (CISL), with Biodiversify, published a new paper to provide companies in the fashion industry with a guide on how to build a biodiversity strategy and transform their relationship with nature. The primer draws on a new approach called the Conservation Hierarchy and sets out 8 practical steps to assess a company’s impact on nature, guide decisions about how a company interacts with nature and ultimately develop strategic responses to climate and biodiversity challenges. As an example, it provides guidance around how a company can identify a portfolio of mitigation actions to reduce impacts on and restore biodiversity.
“Supporting biodiversity is essential for the stability and resilience of production systems across the world,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of international institutional affairs, Kering. “Adopting a corporate strategy around biodiversity to support nature and at the same time create the foundation for more resilient supply chains is vitally important. Our primer with CISL outlines how a strategy should inform a fashion company of its impacts and dependencies on biodiversity and where to prioritize actions in clear step-by-step recommendations.”