Biodiversity climbs the corporate agenda
Business leaders in biodiversity-rich developing economies are concerned about losses of ‘natural capital’, a new report highlights.
Over 50 per cent of Chief Executive Officers (CEOs) surveyed in Latin America and 45 per cent in Africa see declines in biodiversity as a challenge to business growth. In contrast, less than 20 per cent of their counterparts in western Europe share such concerns.
The findings, compiled by a study of The Economics of Ecosystems and Biodiversity (TEEB), indicate that those corporate chiefs who fail to make sustainable management of biodiversity part of their business plans may find themselves increasingly out of step with the market place.
Another recent survey, also spotlighted in the TEEB report for business, shows rising interest among consumers with 60 per cent of those surveyed in America and Europe and over 90 per cent in Brazil aware of biodiversity loss. Over 80 per cent of those consumers surveyed said they would stop buying products from companies that disregard ethical considerations in their sourcing practices.
Source: IUCN
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