The Global Biodiversity Framework: A Primer for Businesses
Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you acknowledge our privacy policy and consent to the use of cookies.  Our Privacy Policy has been updated! Detailed information on the use of cookies on this site is provided in our cookie policy and our privacy policy. 
TCB Tourch
Loading...
  • logoImage
  •  
    • US
    • EUROPE
    • ASIA

  • 2

    Close
    • Insights
        • Insights
        • Explore by Center
          • Explore by Center

          • CED
            Committee for Economic Development

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital

          • Marketing & Communications
        • Explore by Content Type
          • Explore by Content Type

          • Reports

          • Webcasts

          • Podcasts

          • Charts & Infographics
        • Trending Topics
          • Trending Topics

          • Artificial Intelligence (AI)

          • 2024 Elections

          • Geopolitics

          • US Economic Forecast

          • Sustainability

          • Future of Work
    • Events
        • Events
        • Upcoming Events
          • Upcoming Events

          • 2025: A Year In Preview

          • Corporate Communications: Driving the Business Forward

          • 25th Annual Employee Health Care Conference - New York

          • 2025 ESG Summit

          • 25th Annual Employee Health Care Conference - San Diego

          • People First: Strategic Transformation

          • Explore all Upcoming Events

        • Member-Exclusive Programs
          • Member-Exclusive Programs

          • Center Briefings

          • Experts Live

          • Roundtables

          • Working Groups

          • Expert Briefings

    • Data
        • Data

        • Consumer Confidence Index

        • Data Central

        • TCB Benchmarking

        • Employment Trends Index

        • Global Economic Outlook

        • Leading Economic Indicators

        • Help Wanted OnLine

        • Labor Markets

        • Measure of CEO Confidence

        • Human Capital Benchmarking &
          Data Analytics

        • CMO+CCO Meter Dashboard

    • Centers
        • Centers
        • Our Centers
          • Our Centers

          • Committee for Economic Development

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital

          • Marketing & Communications
        • Center Membership
          • Center Membership

          • What Is a Center?

          • Benefits of Center Membership

          • Join a Center

    • Councils
        • Councils
        • Find a Council
          • Find a Council

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital

          • Marketing & Communications
        • Council Membership
          • Council Membership

          • What is a Council?

          • Benefits of Council Membership

          • Apply to a Council

    • Membership
        • Membership
        • Why Become a Member?
          • Why Become a Member?

          • Benefits of Membership

          • Check if Your Organization is a Member

          • Speak to a Membership Associate
        • Types of Membership
          • Types of Membership

          • Council

          • Committee for Economic Development

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital

          • Marketing & Communications

        • Already a Member?
          • Already a Member?

          • Sign In to myTCB®

          • Executive Communities

          • Member-Exclusive Programs

    • About Us
        • About Us
        • Who We Are
          • Who We Are

          • About Us

          • In the News

          • Press Releases

          • Our History

          • Support Our Work

          • Locations

          • Contact Us

        • Our Community
          • Our Community

          • Our Leadership

          • Our Experts

          • Trustees

          • Voting Members

          • Global Counsellors

          • Careers

          • This Week @ TCB

    • Careers
    • This Week @ TCB
    • Sign In to myTCB®
      • US
      • EUROPE
      • ASIA
    • Insights
      • Insights
      • Explore by Center
        • Explore by Center

        • CED
          Committee for Economic Development

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital

        • Marketing & Communications

      • Explore by Content Type
        • Explore by Content Type

        • Reports

        • Webcasts

        • Podcasts

        • Charts & Infographics

      • Trending Topics
        • Trending Topics

        • Artificial Intelligence (AI)

        • 2024 Elections

        • Geopolitics

        • US Economic Forecast

        • Sustainability

        • Future of Work

    • Events
      • Events
      • Upcoming Events
        • Upcoming Events

        • 2025: A Year In Preview

        • Corporate Communications: Driving the Business Forward

        • 25th Annual Employee Health Care Conference - New York

        • 2025 ESG Summit

        • 25th Annual Employee Health Care Conference - San Diego

        • People First: Strategic Transformation

        • Explore all Upcoming Events

      • Member-Exclusive Programs
        • Member-Exclusive Programs

        • Center Briefings

        • Experts Live

        • Roundtables

        • Working Groups

        • Expert Briefings

    • Data
      • Data

      • Consumer Confidence Index

      • Data Central

      • TCB Benchmarking

      • Employment Trends Index

      • Global Economic Outlook

      • Leading Economic Indicators

      • Help Wanted OnLine

      • Labor Markets

      • Measure of CEO Confidence

      • Human Capital Benchmarking & Data Analytics

      • CMO+CCO Meter Dashboard
    • Centers
      • Centers
      • Our Centers
        • Our Centers

        • Committee for Economic Development

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital

        • Marketing & Communications

      • Center Membership
        • Center Membership

        • What is a Center?

        • Benefits of Center Membership

        • Join a Center

    • Councils
      • Councils
      • Find a Council
        • Find a Council

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital

        • Marketing & Communications
      • Council Membership
        • Council Membership

        • What is a Council?

        • Benefits of Council Membership

        • Apply to a Council

    • Membership
      • Membership
      • Why Become a Member?
        • Why Become a Member?

        • Benefits of Membership

        • Check if Your Organization is a Member

        • Speak to a Membership Associate

      • Types of Membership
        • Types of Membership

        • Council

        • Committee for Economic Development

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital

        • Marketing & Communications

      • Already a Member?
        • Already a Member?

        • Sign In to myTCB®

        • Executive Communities

        • Member-Exclusive Programs
    • About Us
      • About Us
      • Who We Are
        • Who We Are

        • About Us

        • In the News

        • Press Releases

        • This Week @ TCB

        • Our History

        • Support Our Work

        • Locations

        • Contact Us

      • Our Community
        • Our Community

        • Our Leadership

        • Our Experts

        • Trustees

        • Voting Members

        • Global Counsellors

        • Careers

        • This Week @ TCB

    • Careers
    • Sign In to myTCB®
    • Download TCB Insights App
  • Insights
    Insights

    Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years.

    Explore All Research

    Economic Indicators

    • Explore by Center
    • CED
      Committee for Economic Development
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    • Marketing & Communications
    • Explore by Content Type
    • Reports
    • Webcasts
    • Podcasts
    • Charts & Infographics
    • Trending Topics
    • Artificial Intelligence (AI)
    • 2024 Elections
    • Geopolitics
    • US Economic Forecast
    • Sustainability
    • Future of Work
  • Events
    Events

    Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners.

    See Everything Happening This Week

    Sponsor a Program

    • Upcoming Events

      • 2025: A Year In Preview

      February 04 - 05, 2025

      Corporate Communications: Driving the Business Forward

      March 06 - 07, 2025

      25th Annual Employee Health Care Conference - New York

      April 08 - 09, 2025

    •  

      • 2025 ESG Summit

      April 24 - 25, 2025

      25th Annual Employee Health Care Conference - San Diego

      May 01 - 02, 2025

      People First: Strategic Transformation

      May 15 - 16, 2025

    Explore all Upcoming Events

    • Member-Exclusive Programs
    • Center Briefings
    • Experts Live
    • Roundtables
    • Working Groups
    • Expert Briefings
    • Explore by Type
    • Events
    • Webcasts
    • Podcasts
    • Member-Exclusive Programs
    • Center Briefings
    • Experts Live
    • Roundtables
    • Working Groups
    • Expert Briefings
  • Data
    Corporate Disclosure Data

    TCB Benchmarking

    Real-time data & analytical tools to benchmark your governance, compensation, environmental, human capital management (HCM) and social practices against US public companies.

    Economic Data

    Consumer Confidence Index

    US consumers' thoughts on the economy, jobs, finances and more

    Data Central

    One-stop, member-exclusive portal for the entire suite of indicators

    Labor Markets

    Covering all aspects of labor markets, from monthly development to long-term trends

    Measure of CEO Confidence

    Examines the health of the US economy from the perspective of CEOs

     

    Employment Trends Index

    Monthly, forward-looking composite of eight proven labor-market indicators

    Global Economic Outlook

    Track the latest short-, medium-, and long-term growth outlooks for 77 economies

    Leading Economic Indicators

    Track the state of the business cycle for 12 global economies across Asia and Europe

    Help Wanted OnLine

    Track the status of job markets across the US through online job listings

    Other Featured Data

    Human Capital Analytics Tools

    Tools to understand human capital management and corporate performance

    CMO+CCO Meter Dashboard

    Tracks the impact, resources, and satisfaction of CMOs and CCOs

  • Centers
    Centers

    Centers offer access to world-class experts, research, events, and senior executive communities.

    Our Centers
    • Committee for Economic Development
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    • Marketing & Communications
    Center Membership
    • What Is a Center?
    • Benefits of Center Membership
    • Join a Center
  • Councils
    Councils

    Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function.

    Find a Council
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    • Marketing & Communications
    Council Membership
    • What Is a Council?
    • Benefits of Council Membership
    • Apply to a Council
  • Membership
    Membership

    Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth.

    • Why Become a Member?
    • Benefits of Membership
    • Check if Your Organization is a Member
    • Speak to a Membership Associate
    • Types of Membership
    • Council
    • Committee for Economic Development
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    • Marketing & Communications
    • Already a Member?
    • Sign in to myTCB®
    • Executive Communities
    • Member-Exclusive Programs
  • About Us
    About Us

    The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead®. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future.

    Learn more about Membership

    • Who We Are
    • About Us
    • In the News
    • Press Releases
    • Our History
    • Support Our Work
    • Locations
    • Contact Us
    • Our Community
    • Our Leadership
    • Our Experts
    • Trustees
    • Voting Members
    • Careers
    • This Week @ TCB
Check if You're a Member
Create Account
Forgot Your Password?

Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's Ahead ® including webcasts, publications, data and analysis, plus discounts to conferences and events.

The Global Biodiversity Framework: A Primer for Businesses

22 September 2023 / Report

Download Report
  • Email
  • Linkedin
  • Facebook
  • Twitter
  • Copy Link
listenPlayBtnImage

CEO Insight Minute: How Can Your Company Prepare for Biodiversity Reporting?

Video

CEO Insight Minute: How Can Your Company Prepare for Biodiversity Reporting?

The Global Biodiversity Framework will result in new laws and government policies, including strict, mandated biodiversity reporting requirements.

In December 2022, during COP15, 196 governments approved global targets under the Global Biodiversity Framework (GBF), to be incorporated under domestic laws, aiming to halt and reverse biodiversity loss by 2030.

Insights for What's Ahead

  • Companies should anticipate more strict and mandated reporting and remediation requirements related to their impact on biodiversity. Under the GBF, businesses will be responsible for their environmental footprints and should begin initiating processes to evaluate their impact on nature, including climate data collection and analysis, to be ready for future national legislation and policies stemming from the GBF.
  • Investors are increasingly demanding information on nature-related risks and KPIs. Driven by regulations such as the Sustainable Finance Disclosure Regulation (SFDR), the Corporate Sustainability Due Diligence Directive (CSRD) and the emergence of international sustainability standards, investors are expecting companies to assess, monitor, and disclose their impact on ecosystems and biodiversity in a more organized and transparent manner.
  • Under the GBF, governments have agreed to identify and phase out any subsidies they deem as harmful to nature by 2025 such as those that encourage deforestation, the use of fossil fuels, and fishing, and other resource extraction at unsustainable levels. This phaseout means businesses need to map out what subsidies they receive from governments and whether they may be classified as harmful to nature.
  • Companies should seek guidance from evolving disclosure
    frameworks, to help report on biodiversity. Frameworks such as the Task Force on Nature-related Financial Disclosures (TNFD) and the Global Reporting Initiative (GRI) can support companies in improving risk management and accountability through standardized nature-related disclosures.

In December 2022, during COP15, 196 governments approved global targets under the Global Biodiversity Framework (GBF), to be incorporated under domestic laws, aiming to halt and reverse biodiversity loss by 2030.

Insights for What's Ahead

  • Companies should anticipate more strict and mandated reporting and remediation requirements related to their impact on biodiversity. Under the GBF, businesses will be responsible for their environmental footprints and should begin initiating processes to evaluate their impact on nature, including climate data collection and analysis, to be ready for future national legislation and policies stemming from the GBF.
  • Investors are increasingly demanding information on nature-related risks and KPIs. Driven by regulations such as the Sustainable Finance Disclosure Regulation (SFDR), the Corporate Sustainability Due Diligence Directive (CSRD) and the emergence of international sustainability standards, investors are expecting companies to assess, monitor, and disclose their impact on ecosystems and biodiversity in a more organized and transparent manner.
  • Under the GBF, governments have agreed to identify and phase out any subsidies they deem as harmful to nature by 2025 such as those that encourage deforestation, the use of fossil fuels, and fishing, and other resource extraction at unsustainable levels. This phaseout means businesses need to map out what subsidies they receive from governments and whether they may be classified as harmful to nature.
  • Companies should seek guidance from evolving disclosure
    frameworks, to help report on biodiversity. Frameworks such as the Task Force on Nature-related Financial Disclosures (TNFD) and the Global Reporting Initiative (GRI) can support companies in improving risk management and accountability through standardized nature-related disclosures.
Great News!

You already have an account with The Conference Board.

Please try to login in with your email or click here if you have forgotten your password.

  • Download
  • Download Report

Authors

Manali Paranjpe

Manali Paranjpe Manali Paranjpe

Program Director, ESG Center, Europe
The Conference Board

Read Bio

Catherine Early

Catherine Early Catherine Early

Research Fellow, Environmental, Social & Governanc…
The Conference Board

Read Bio

Praisy Abraham

Praisy Abraham Praisy Abraham

Research Fellow, ESG Center, Europe
The Conference Board

Read Bio

Other Related Resources

Report

Global LEI Report

Global LEI Report

December 23, 2024

Database

Recession & Growth Trackers

Recession & Growth Trackers

December 23, 2024

Article

The Conference Board Economic Forecast for the US Economy

The Conference Board Economic Forecast for the US Economy

December 17, 2024

Report

Shareholder Expectations on Climate: Insights from the 2024 Proxy Season

Shareholder Expectations on Climate: Insights from the 2024 Proxy Season

December 16, 2024

Article

Can DOGE Deliver $2 Trillion in Efficiency Gains?

Can DOGE Deliver $2 Trillion in Efficiency Gains?

December 12, 2024

Article

Europe Steps Up Defense Preparedness for Security and Business Resilience

Europe Steps Up Defense Preparedness for Security and Business Resilience

December 11, 2024

Report

The Conference Board Economic Forecast for the Euro Area Economy

The Conference Board Economic Forecast for the Euro Area Economy

December 11, 2024

Essay

After Barnier: What’s Next For France?

After Barnier: What’s Next For France?

December 11, 2024

Report

Global Economic Outlook 2024 to 2039: China Edition

Global Economic Outlook 2024 to 2039: China Edition

December 10, 2024

Article

Global Forecast Update

Global Forecast Update

December 10, 2024

Article

An Inconclusive COP

An Inconclusive COP

November 22, 2024

Article

1,000 Days of War in Ukraine

1,000 Days of War in Ukraine

November 22, 2024

Podcasts

We're Falling Behind on Climate: Can COP29 Undo This Trend?

We're Falling Behind on Climate: Can COP29 Undo This Trend?

November 21, 2024

Report

Climate Misinformation and Disinformation: How Businesses Can Respond

Climate Misinformation and Disinformation: How Businesses Can Respond

November 11, 2024

Article

US Election, Transition, and Early Actions of the New Administration

US Election, Transition, and Early Actions of the New Administration

November 08, 2024

Quick Take

GHG Emissions Progress and Challenges: Why Scope 3 Is the Next Big Hurdle

GHG Emissions Progress and Challenges: Why Scope 3 Is the Next Big Hurdle

November 07, 2024

Article

BRICS and G-20: Seeking Alternatives to the Western-Led Order

BRICS and G-20: Seeking Alternatives to the Western-Led Order

November 01, 2024

Podcasts

The Role of the US in the World

The Role of the US in the World

October 21, 2024

Report

Navigating Sino-Western Geopolitical Risk—An Impacts-Based Approach

Navigating Sino-Western Geopolitical Risk—An Impacts-Based Approach

October 20, 2024

Article

Ukraine Developments and Prospects Ahead of Winter

Ukraine Developments and Prospects Ahead of Winter

October 10, 2024

Podcasts

Trade, Taxes, Tariffs - Overview of Presidential Positions

Trade, Taxes, Tariffs - Overview of Presidential Positions

October 07, 2024

Report

Global LEI Report

Global LEI Report

December 23, 2024

Database

Recession & Growth Trackers

Recession & Growth Trackers

December 23, 2024

Article

The Conference Board Economic Forecast for the US Economy

The Conference Board Economic Forecast for the US Economy

December 17, 2024

On Demand Webcasts

CEO Roundtable: Policy Priorities for 2025

CEO Roundtable: Policy Priorities for 2025

December 12, 2024

Conference

2024 ESG Summit

2024 ESG Summit

November 14, 2024

Councils

Environment Strategy Council

Environment Strategy Council

Councils

Sustainability Council II: Innovation & Growth

Sustainability Council II: Innovation & Growth

Councils

Sustainability Council I: Strategy & Implementation

Sustainability Council I: Strategy & Implementation

On Demand Webcasts


 CEO Roundtable: Policy Priorities for 2025

CEO Roundtable: Policy Priorities for 2025

December 12, 2024

Conference


 2024 ESG Summit

2024 ESG Summit

November 14, 2024

Councils


 Environment Strategy Council

Environment Strategy Council

Conference Board Sample Web Chat
chatbot-Icon TCB Logo
chatbot-Icon
C-Suite Insights Newsletter - Subscribe to the must-read weekly newsletter for C-suite executives from The Conference Board
ABOUT US
  • Who We Are
  • Annual Report
  • Our History
  • Our Experts
  • Our Leadership
  • In the News
  • Press Releases
MEMBERSHIP
  • Become a Member
  • Sign In to myTCB®
  • Access Experts
  • Member-Only Events
  • Data & Benchmarking
  • Manage Account
EXPLORE
  • Centers
  • Councils
  • Latest Research
  • Programs
  • Webcasts
  • Podcasts
  • This Week @ TCB
CONTACT US
  • Americas
    +1 212 759 0900
    customer.service@tcb.org
  • Europe/Africa/Middle East
    +32 2 675 5405
    brussels@tcb.org
  • Asia
    Hong Kong | +852 2804 1000
    Singapore | +65 8298 3403
    service.ap@tcb.org
CAREERS
  • See Open Positions
Terms Of Use | Privacy Policy | Event Code of Conduct | Trademarks
© 2024 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
The use of all The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.
Terms of Use | Privacy Policy | Event Code of Conduct | Trademarks
© 2024 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
The use of all data from The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.

Thank you for signing up. You will now receive CEO Insights for What's Ahead every Wednesday morning. You can unsubscribe at any time or manage your preferences to receive more content from The Conference Board.

Announcing The Conference Board AI Virtual Conference Series

Explore the Impact of AI on Your Business

Members receive complimentary registration - Learn more >>