Businesses must first admit their part in the biodiversity loss to be able to fight it

With little to no progress made in halting and reversing catastrophic biodiversity loss in the past few years, hundreds of companies have stepped up demands for regulations to increase transparency and accountability.

Businesses must be compelled to “assess and disclose their impacts and dependencies on biodiversity by 2030,” more than 330 firms and financial institutions from 56 countries said in an open letter published today (Oct. 26), organized by the Business for Nature coalition and addressed to world leaders. The signatories include Sweden’s furniture giants IKEA, India’s Tata Steel, and French international banking group...