Assessing biodiversity impacts: critical to a comprehensive sustainability strategy
Biodiversity is fundamental to long-term business continuity and resilience. It supplies the critical inputs and ecosystems services on which businesses rely. What’s more, biodiversity underpins our food security, industry, economies and quality of life. Due to human activity, biodiversity is in free-fall. Biodiversity loss has now exceeded our planetary boundary, weakening ecosystem resilience and creating risks for the future of both nature and people on Earth.
By 2050, nature loss in a business-as-usual scenario will have cost the world economy $10 trillion USD and significantly disrupted business operations across sectors. Impacts are already being felt in sectors highly dependent on and affecting biodiversity, including agri-food, fashion, cosmetics and consequently, finance. It’s time for urgent and strategic action to address this crisis.
Businesses that integrate biodiversity impacts into decision-making have an opportunity to future-proof their business and reverse the trend. Quantis is working with leading companies to co-create innovative biodiversity impact assessments that guide meaningful resilience strategies and actions.
When businesses embed biodiversity impacts in their sustainability strategies, they can better mitigate supply chain + reputational risks and build long-term resilience across the value chain.
Companies that take the critical step to understand their impacts on nature can build more relevant action plans and reap benefits across the value chain:
+ Identify + mitigate risks from supply chain disruptions, rapidly growing costs and damage to reputation
+ Build long-term business resilience by addressing vulnerabilities in the supply chain
+ Foster trust among consumers and stakeholders by demonstrating environmental stewardship
+ Achieve greater efficiencies and cost savings
While the urgency to act is tangible and the benefits are clear, measuring impacts on nature across a globalized value chain is complex. Conventional environmental assessment methodologies present three key challenges: (1) impacts are measured on a global scale whereas biodiversity varies geographically, (2) value chain assessments focus on select species (as with biodiversity conservation) and do not include a holistic vision of biodiversity impacts, and (3) local assessments that are more holistic are difficult to scale. At Quantis, we’re innovating to overcome these challenges through cutting-edge biodiversity assessment methods that are relevant for business.
Our approach: pioneering biodiversity assessments for business strategy and decision-making
By combining the latest sustainability science with extensive experience in value chain analysis, our scientists and business experts know how to navigate the complexity of measuring nature loss to deliver tailored and actionable insights for sustainable business strategies. Our innovative biodiversity assessments use a life-cycle approach enriched with local considerations addressing climate change, water depletion, pollutant emission, land use and even soil biodiversity. This science-based approach lays a robust foundation to build a holistic corporate biodiversity strategy:
Key steps to a comprehensive biodiversity strategy
Quantis helps businesses to train their teams and raise awareness internally on the topic of biodiversity by running workshops that leverage game-based learning. To demonstrate the issues that can arise throughout the value chain on this topic, Quantis developed a Biodiversity Discovery Game. This approach breaks down silo barriers of biodiversity knowledge and fosters collaboration between teams. An additional benchmark can be built to provide companies with insights on what’s happening on the market.
2 Identify hotspots
Quantis uses the data businesses have already collected for their carbon footprint, along with some supplementary location data, to map biodiversity issues throughout the entire value chain and identify hotspots. Quantis uses a holistic, multi-criteria approach that quantifies your impact to inform your strategy and decision making.
3 Set a biodiversity strategy
Quantis assists companies in setting their biodiversity strategy by running tailor made workshops that will help you to define your level of ambition, and focus areas. We guide businesses in deciding which are the best metric driven targets to set and ensure your strategy is effective and achievable.
4 Develop an action plan
After identifying your biodiversity hotspots, and working with our leading experts on biodiversity topics such as land use change, deforestation-free supply chains, and regenerative agriculture, we will co-develop a clear action plan, to ensure you reach your biodiversity targets.
5 Inform and engage
Communicating transparently and credibly on your biodiversity journey creates a deep connection with your stakeholders and consumers, and helps build momentum towards greater positive change. Our experienced communications team works with you to increase awareness both internally and externally by co-developing communication materials and guiding you to make credible claims.
Examples of our work
We consulted for the launch of One Planet Business for Biodiversity (OP2B), an international cross-sectorial business coalition catalyzing action to protect and restore biodiversity in value chains.
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Quantis partnered with Interbev to develop a methodology that empowers actors across the French meat and livestock value chain to take meaningful action on biodiversity impacts.
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Ready to leverage environmental science to address biodiversity impacts in your value chain? Talk to Edith.
Senior Sustainability Consultant