BULAWAYO, Zimbabwe, February 3 (IPS) – Our food, fuel, and fortunes come from nature, but as these resources are turned into profits, the balance between exploiting and replenishing the planet is ever more precarious.
Global businesses impact nature through mining, manufacturing, processing and retail operations. At the same time, nature impacts business operations because there is a loss of biodiversity and extreme weather events such as droughts, floods, and high temperatures.
How global business is affecting nature and vice versa is the focus of a new assessment by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES) to be launched next week as part of the 12th session of the Plenary of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES).
IPBES is the global science-policy body tasked with providing the best-available evidence to decision-makers for people and nature. IPBES assessment reports respond directly to requests from governments and decision-makers, making them immediately relevant around the world.
The plenary session got underway earlier today (February 3, 2026) with a keynote address from Emma Reynolds, MP, UK Secretary of State for Environment, Food and Rural Affairs, and remarks by Astrid Schomaker, executive secretary of the Convention on Biological Diversity; Kaveh Zahedi, FAO director of the Office of Climate Change, Biodiversity and Environment; IPBES chair Dr. David Obura; and IPBES executive secretary Dr. Luthando Dziba.
“This week you will work to agree on the business and biodiversity assessment; I pray with all my heart that it will help shape concrete action for years to come, including leveraging public and private sector finance,” King Charles said.
Reynolds sounded an optimistic note.
“Around the world, momentum is building. Countries are restoring wetlands and forests. Communities are reviving degraded landscapes. Businesses are discovering that investing in nature delivers real returns. The tide for nature is beginning to turn. But we cannot afford to slow down. The window to halt biodiversity loss by 2030 is narrowing. We need to build on that momentum—and we need to do it now. That is why platforms like IPBES matter more than ever. At a time when some are stepping back from international cooperation, the rest of us must step forward. Together we will demonstrate that protecting and restoring nature isn’t just an environmental necessity; it’s essential for our security, our economy, and our future.”
Obura said the plenary in Manchester was symbolic, as it had been at the forefront of historical and business transformation.
“This is especially important just days after the World Economic Forum’s 2026 Global Risks Report again spotlighted biodiversity loss as the second most urgent long-term risk to business around the world.”
Dziba said IPBES was on course.
“IPBES is therefore on track to deliver—over the coming years—crucial knowledge and inspiration to support the implementation of current goals and targets and to provide the scientific foundation needed by the many processes now shaping the global agenda beyond 2030.”
The Business and Biodiversity Assessment report, the first of its kind, presents scientific evidence on how global business depends on and affects nature. Aimed at governments, businesses, financial institutions, civil society, Indigenous Peoples, and local communities, the assessment will provide key insights and options for businesses and financial institutions to derive better outcomes for biodiversity and nature’s contributions to people.
After three years of work by 80 of the world’s leading experts from science, the private sector, Indigenous Peoples, and local communities across 35 countries, the assessment will help promote business accountability and transparency while improving producer and consumer knowledge of their impacts and dependencies on nature. The Business and Biodiversity Assessment was completed in a shorter time than other IPBES assessments, which typically cover four years. It was completed in two years at a total cost of more than USD 1.5 million.
Why the Assessment on Business and Biodiversity?
The assessment comes at a time scientists are warning of a climate crisis, as we are off track to reducing carbon emissions and slow progress on phasing out fossil fuels. Global business has a complex link with nature, which provides resources that drive industry, yet nature impacts global business too.
Speaking to IPBES’s Nature Insight Speed Dating with the Futurepodcast, co-chair of the IPBES Business and Biodiversity Assessment, Professor Ximena Rueda Fajardo, says engaging with nature is not a business option but a necessity.
“Businesses are both beneficiaries of nature and major contributors to its decline—so they have a critical role in ensuring the wise stewardship of our environment,” says Fajardo, adding that, “This is vital for their bottom line, long-term prosperity and the transformative change needed for more just and sustainable futures.”
IPBES highlights that over half of global GDP (USD 117 trillion of economic activity in 2025) is generated in sectors that are moderately to highly dependent on nature.
Business and nature depend on each other. However, there are opposing views between those who advocate for nature and those involved in business on the relationship between the two. But science has found that there are interdependent linkages between nature and business.
More than half of the global economy is dependent on nature through the goods and services it provides, known as ecosystem services.
According to the World Economic Forum, biodiversity is shrinking faster than at any point in human history, and if left unchecked, up to 50 percent of all species may be lost by mid-century. In the last 50 years, land and sea-use change, climate change, natural resource use and exploitation, pollution and invasive alien species have been the major drivers of over 90 percent of the loss of biodiversity.
While it is difficult to quantify ecosystem services like food, medicines, clean air, disease control and climate regulation, they are estimated to be worth more than USD 150 trillion a year. Conservative estimates suggest that the loss of nature could cost the global economy at least USD 479 billion per year by 2050.
The Nature of Business Is Not Always Nature Friendly
Business operations have had a profound impact on nature, from pollution of the environment to waste and loss of biodiversity as a result of manufacturing and processing activities. What’s more, the current use of fossil fuels in powering industries has contributed to the rise in carbon emissions. Should businesses be adopting a new economic model that protects and preserves nature?
The rapid expansion of economic activity, without proper attention to its negative side effects, has taken its toll on nature, which in turn poses serious threats to business, IPBES found.
Engaging with nature is not optional for business but a necessity, says Ximena Rueda, Co-chair of the IPBES Business and Biodiversity Assessment Fajardo and Professor at the School of Management at Universidad de los Andes in Colombia.
“Businesses are both beneficiaries of nature and major contributors to its decline—so they have a critical role in ensuring the wise stewardship of our environment,” says Fajardo, adding that, “This is vital for their bottom line, long-term prosperity and the transformative change needed for more just and sustainable futures.”
A Map for Business To Impact Biodiversity and Nature
The IPBES methodological assessment of the impact and dependence of business on biodiversity and nature’s contributions to people is expected to be approved at the 12th session of the IPBES Plenary, which opened in Manchester, United Kingdom, this week.
According to IPBES, the assessment categorizes dependencies and impacts of businesses and financial institutions on biodiversity and nature’s contributions to people. The assessment will further highlight collaborations needed between governments, the financial sector, consumers, Indigenous Peoples, local communities and civil society. It will also, through recommendations, strengthen efforts by businesses to achieve the goals and targets of the Global Biodiversity Framework by 2030 and the global vision of a world living in harmony with nature by 2050.
Expected Impacts
The IPBES Business and Biodiversity Report will provide critical information to governments, businesses and the financial sector to best measure the dependencies and impacts of business on biodiversity and nature’s contributions to people. It will also inform more integrated business and financial decisions and actions to simultaneously achieve the SDGs, the Global Biodiversity Framework and the Paris Agreement
Matt Jones, chief impact officer at the UN Environment Programme’s World Conservation Monitoring Centre and co-chair of the report, is convinced that there is no business that doesn’t depend on biodiversity. For example, do hairdressers depend on biodiversity?
“There are so many personal care products. There are so many things to do with shampoos that are derived from botanicals, which are derived from the natural world. A huge amount of their value chain is actually contingent on people being able to access products that are naturally derived. Think about it. You look at the adverts for these products. How often are they somebody in a waterfall or somebody in a forest… So even a hairdresser, where you go to get your haircut, absolutely depends on nature.”
Jones notes that the economic system encourages businesses to extract resources from nature. It is almost by default that business will have an impact on nature.
“As soon as you start talking about nature loss and the dependency that businesses have, the conversation changes,” he said. “What we found after people started understanding the risk to the business from nature loss was actually that the level of the conversation fundamentally changed. A business doesn’t just impact nature, but it depends on it.”
“And those interactions, they all create risk to the business if we see nature continuing to decline.”
Conservative estimates suggest that a collapse of essential ecosystem services, including pollination, marine fisheries and timber provision in native forests, could result in annual losses to the global GDP of USD 2.7 trillion by 2030. Similarly, biodiversity loss is believed to be costing the global economy 10 percent of its output annually.
IPS UN Bureau Report
© Inter Press Service (20260203135543) — All Rights Reserved. Original source: Inter Press Service
