This week (15 July), 85 organisations adopted the Kumamoto Declaration at the Global Nature Positive Summit in Japan, urging faster corporate action to halt and reverse biodiversity loss.
Signatories have committed to advancing progress towards the Kunming-Montreal Global Biodiversity Framework targets of halting and biodiversity loss by 2030 and achieving full recovery by 2050.
The Declaration calls on governments regulators, companies and investors to ensure metrics and methodologies for measuring corporate impacts and dependencies on nature are “standardised, science-based”, practical and decision-useful.
It also calls for global alignment on a consistent standards-based approach to nature-related assessments, target-setting, transition planning and corporate reporting.
Kumamoto Declaration signatories include 41 private sector organisations, such as Vale, Japan Airlines and Sony. Other signatories include the World Economic Forum, several Japanese government departments, GRI, TNFD and the World Business Council for Sustainable Development.
