A coalition of seven environmentally focused organisations have committed to establishing a Nature Measurement Protocol.
The initiative, led by World Business Council for Sustainable Development (WBCSD) and the Nature Positive Initiative (NPI), aims to provide standardised methodologies and tools for measuring nature-related information.
GRI, TNFD, the Capitals Coalition, the International Union for Conservation of Nature and the World Resources Institute will also contribute to the development of the Protocol.
Marco Lambertini, convener of the NPI, stated: “The Protocol will offer clarity and align guidance for business and finance to address their negative impacts on nature and, as a result, also help derisk their operations and supply chains, reduce negative externalities on society and unlock new business opportunities.”