Biodiversity refers to the variety of life on Earth. This includes the number of species of plants, animals and microorganisms along with diversity of genes in these species. Moreover, it embodies the different ecosystems on the planet,for example forests, deserts, coral reefs and wetlands.
The Convention on Biological Diversity (CBD) defines biodiversity as “variability among living organisms from all sources including, inter alia, terrestrial, marine and other aquatic ecosystems and the ecological complexes of which they are part; this includes diversity within species, between species and of ecosystems”.
India with just 2.4% of the world’s land area accounts for nearly 7% of globally recorded species while supporting 18% of global human population. The rapidly growing trajectory of Indian economy has often led to its inefficient use and exploitation of biodiversity. For India, conservation and sustainable use of biodiversity is crucial for providing livelihoods and improving socio-economic conditions of millions of people. Thus to synergise sustainable development in India it is more important than ever to have business willingly involved in environmental protection and the sustainable use of nature.