During the United Nations Summit for the adoption of the post-2015 development agenda, held in September 2015, Member States agreed on a global agenda, entitled “Transforming our world: the 2030 Agenda for Sustainable Development”, with the overarching goal of eradicating poverty and achieving sustainable development.
Business has a critical role to play and self-interest in contributing to delivering the Global Goals and NBTs as they are directly or indirectly dependent on the biodiversity and ecosystem services (natural capital). By developing a better understanding and proactively addressing the Global Goals, companies will be able to better manage their risks, anticipate consumers’ demand, secure access to needed resources, differentiate themselves from competitors, and strengthen their supply chains. The session highlights how the businesses are integrating biodiversity in their decision making to achieve the The Global Goals.
Summary of the Session Brief:
Mr. R. Mukundan, Chairman, IBBI and Managing Director Tata Chemicals set the context for the session and introduced 17 goals developed in 2015, covering the issues related to Biodiversity, Climate Change, Energy, Food security, Infrastructure, Water and Sanitation etc. He added that 13 out of 17 Global Goals are having direct and indirect linkages with the biodiversity and with CBDs Aichi Biodiversity Targets and India’s National Biodiversity Targets (NBTs). Integrating biodiversity aspects in business decision making will provide businesses additional safe guards from the new regulations, natural disasters and along with helping the global cause.
“With large natural events happening on daily basis like the earth shaking events, biodiversity is getting left in the back seat, therefore it’s important to make strategy planning and risk management an integral part in biodiversity conservation.”- Mr. R. Mukundan, Chairman, IBBI
Mr. P.S. Narayan, Convener IBBI SR Chapter and Vice President and Head – Sustainability, Wipro Limited presented on the companies commendable work in biodiversity integration and conservation. There is a need to align this work with the Global Goals, NBTs and Aichi Targets to achieve the larger goals. He also explained some of case studies from companies like IKEA, Godrej, JSW Steel, etc on their commendable work in their processing and product by considering the biodiversity aspects.
Dr. Ravi Singh, Secretary General & CEO, WWF-India explained that the Global Goals are global plan of action for people, planet, prosperity, peace and partnerships. It is a cohesive environmental and social sustainability vision for businesses to align their core strategies to contribute to the quality of life and our planet. He also pointed out that businesses are committing for these causes and becoming more responsible to ensure minimal impacts on biodiversity by decreasing their footprint and contributing positively.
Dr. R.S.Rana, Member, National Biodiversity Authority delivered his key note for the session and briefed about the development of Biodiversity Act 2002 with an objective to conservation of Indian Biodiversity and its sustainable uses.
Some key outcomes and takeaways from the session were:
- Businesses needs to consider the biodiversity aspect in decision making for minimizing the future risks
- Integrating global goals with companies goals leads to addressing critical issues and will help in creating new business opportunities