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NAT.B01.EA Assessment of Impacts on Nature
Does the company assess its impacts on nature, including biodiversity, within its own operations?
18113712
Researched

About the data

This metric was designed by The World Benchmarking Alliance, more information can be found here. Sources and Alignments for each indicator can be found here as well as the scoring guidelines here

The World Benchmarking Alliance's Nature Benchmark measures and ranks the world's most influential companies on their efforts to protect our environment and its biodiversity.

This metric relates to the Indicator: The company assesses its impacts on nature, including biodiversity and nature's contributions to people, both within its own operations and the upstream and downstream parts of its value chain.

Rationale: Impacts on nature can be broadly described as changes in the state of ecosystems and species, resulting from human activity, occurring because of both direct and indirect drivers of biodiversity loss (IPBES, 2019). The benefits provided by biodiversity are essential to human wellbeing. Yet despite past and current efforts, biodiversity continues to deteriorate and could reach a disastrous tipping point under business-as-usual conditions. This is becoming a major concern for corporate activity, and there is growing demand for companies to disclose reliable data on this topic. However, according to the Climate Disclosure Standards Board (CDSB, 2021), this is currently no common practice and only around 10% of companies (CDSB, 2020) report high-level commitments and some relevant metrics. Disclosure will play a key role in achieving global biodiversity targets and in triggering the systemic changes required to do so.

WBA analysed all publicly available group-level disclosure in English on the applicable group website, which was predominantly annual reports and sustainability reports. Draft assessments were then sent to each company inviting them to provide feedback. This feedback could include additional publicly available group disclosure published. These were then reviewed and finalised. Final assessments were then shared with each company before being published online.

For this metric the company discloses an identification process to determine the impacts its own operations have on nature. This includes disclosing the results of the process, along with the methodology used. The element focuses on all types of impact (actual, potential, direct, indirect). The assessment should cover all the company's (own) operations. In the case that it does not cover all operations, this can be met if it covers roughly a third of operations and the company discloses have a timebound commitment to cover all operations. Element can be partially met.

Value Type
Options
Yes
No
Not Applicable
Partially
Research Policy
Designer Assessed
Report Type
Aggregate Data Report