What governments must agree at COP15 to accelerate business action on biodiversity and nature

Leading businesses are calling on COP15 negotiators to adopt an ambitious Global Biodiversity Framework that moves beyond voluntary action to mandatory requirements. Key demands include mandatory nature-related disclosures for large firms, the reform of $1.8 trillion in annual environmentally harmful subsidies, and a clear global goal to reverse biodiversity loss by 2030.

• Business leaders argue that voluntary corporate action is insufficient, noting that while nearly half of companies have made nature commitments, only one third have taken action to deliver them in the past year.
• Companies are requesting that Target 15 of the Global Biodiversity Framework include mandatory requirements for large businesses and financial institutions to disclose their dependencies and impacts on nature, with a goal to halve negative impacts and increase positive ones.
• There is a call to reform environmentally harmful subsidies, which currently total at least $1.8 trillion annually (2% of global GDP), specifically requesting a numeric target in Target 18 to reduce these subsidies by at least $500 billion.
• The business community seeks a clear, enforceable global mission to halt and reverse biodiversity loss by 2030, similar to the structure of the Paris Agreement for climate change.
• Transitioning to a nature-positive economy is estimated to potentially unlock commercial opportunities valued at $10.1 trillion per year.

APA

Forum, E. Z. A. K. W. E. (2022). What governments must agree at COP15 to accelerate business action on biodiversity and nature. World Economic Forum. https://www.weforum.org/stories/nature-and-biodiversity/what-governments-must-agree-at-biodiversity-cop15-to-accelerate-business-action-on-nature/

Chicago

Forum, Eva Zabey, Akanksha Khatri, World Economic. What governments must agree at COP15 to accelerate business action on biodiversity and nature. World Economic Forum, 2022. https://www.weforum.org/stories/nature-and-biodiversity/what-governments-must-agree-at-biodiversity-cop15-to-accelerate-business-action-on-nature/.

Wikipedia

{{cite press release |last1=Forum |first1=Eva Zabey, Akanksha Khatri, World Economic |title=What governments must agree at COP15 to accelerate business action on biodiversity and nature |publisher=World Economic Forum |date=7 December 2022 |url=https://www.weforum.org/stories/nature-and-biodiversity/what-governments-must-agree-at-biodiversity-cop15-to-accelerate-business-action-on-nature/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{forum2022what, author = {Forum, Eva Zabey, Akanksha Khatri, World Economic}, title = {{What governments must agree at COP15 to accelerate business action on biodiversity and nature}}, publisher = {World Economic Forum}, year = {2022}, month = dec, url = {https://www.weforum.org/stories/nature-and-biodiversity/what-governments-must-agree-at-biodiversity-cop15-to-accelerate-business-action-on-nature/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }