CHM - ORTThe aim is to strengthen the legal framework by providing effective incentives to encourage companies to integrate sustainable practices into their production processes. The purpose is to minimize the negative impacts of their activities on biodiversity, reduce the associated risks, and promote greater environmental responsibility in the private sector. This includes getting companies to report and communicate on their efforts to reduce the dependence, risks and negative impacts of their investments on biodiversity and ecosystem services.
| Global Targets | Degree of Alignment |
GBF-T15. Businesses assess and disclose biodiversity dependencies, impacts and risks, and reduce negative impacts GBF-T15. Businesses assess and disclose biodiversity dependencies, impacts and risks, and reduce negative impactsTake legal, administrative or policy measures to encourage and enable business, and in particular to ensure that large and transnational companies and financial institutions:
(a) Regularly monitor, assess, and transparently disclose their risks, dependencies and impacts on biodiversity, including with requirements for all large as well as transnational companies and financial institutions along their operations, supply and value chains and portfolios;
(b) Provide information needed to consumers to promote sustainable consumption patterns;
(c) Report on compliance with access and benefit-sharing regulations and measures, as applicable;
in order to progressively reduce negative impacts on biodiversity, increase positive impacts, reduce biodiversity-related risks to business and financial institutions, and promote actions to ensure sustainable patterns of production. | High |
Multi-stakeholder sub-national workshops involving sectoral administrations, representatives of decentralized local authorities, representatives of universities, research institutes and researchers, traditional authorities, civil society organizations, in particular women's organizations, representatives of indigenous peoples and the private sector, have made it possible to gather contributions from local stakeholders in order to integrate local realities and national circumstances into the NBSAP II revision process.
The actions and activities are currently being developed, and therefore cannot be yet budgeted.