FfB Foundation launches updated multi-tool study tracking top biodiversity impact and dependency companies and industries

The Finance for Biodiversity (FfB) Foundation will launch the latest study revealing the estimated biodiversity impacts and dependencies of global equity companies and industries using a footprinting approach. The results, key messages and approach will be presented in an upcoming webinar on October 2nd at 3 pm CEST.

Register here for the webinar

 

This groundbreaking study, conducted in collaboration with four leading biodiversity footprinting tools, assesses the biodiversity impacts and dependencies of over 2,300 companies within the MSCI All Country World Index (MSCI ACWI), including the companies of Nature Action 100. The analysis includes companies from both developed and emerging markets, offering a comprehensive assessment of their impacts and dependencies. It takes into account the key drivers of biodiversity loss identified by IPBES, 26 ecosystem services, and the major scopes, including direct operations, energy use and the value chain.

Among the key findings, the study reveals that targeting a small number of companies and industries, that disproportionately contribute to biodiversity loss, can significantly reduce negative impacts across the MSCI ACWI index. Additionally, the study aligns with previous studies that climate change alone is insufficient to address the biodiversity crisis.

The biodiversity footprinting tools utilised in this study are:

  • Biodiversity Impact Analytics – Global Biodiversity Score (BIA-GBS)
  • Corporate Biodiversity Footprint (CBF)
  • Biodiversity Footprint for Financial Institutions (BFFI)
  • Global Impact Database (GID)

The upcoming report and webinar will unveil key insights and more, providing financial institutions a valuable starting point to tailor investor engagement actions with corporates and refine portfolio management strategies.

Acknowledgements

We extend our gratitude to the tool developers and project reviewers for their invaluable contributions to this study.

Tool Developers:

  • CDC Biodiversité
  • Carbon 4 Finance
  • Iceberg DataLab
  • PRé Sustainability
  • Impact Institute

Project Reviewers:

  • EU Business & Biodiversity Platform
  • PBAF: Partnership for Biodiversity Accounting Financials
  • TNFD: Taskforce on Nature-related Financial Disclosures
  • UNEP-WCMC: UNEP World Conservation Monitoring Centre
  • SBTN: Science-Based Targets Network

Funder:

  • Global Commons Alliance (GCA) Accountability Accelerator

Project Partners:

  • Annelisa Grigg (Globalbalance Ltd.)
  • Wildcap

Technical Assistance:

  • Mark Wildschut (Wildcap)
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