Businesses face extinction unless they protect nature, report warns.

An IPBES assessment approved by 150 governments warns that businesses depend on nature's services and face serious risks if biodiversity declines; the report also notes that fewer than 1% of publicly reporting companies mention biodiversity impacts.

A major assessment by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), approved by 150 governments, warns that businesses rely on nature's services and face serious risks as biodiversity declines. The report outlines how companies can shift from harmful practices to ones that restore and protect nature. Examples from the UK, such as Steart Marshes in Somerset, illustrate farmers and conservation groups working together on grazing, habitat restoration and engineered flood banks that provide local benefits. Key points: - The assessment was prepared by IPBES and approved by 150 governments. - Authors say businesses depend on free services from nature, including clean water and fertile soils. - Fewer than 1% of publicly reporting companies mention their impacts on biodiversity in reports. - The report highlights practical examples like Steart Marshes where farming and conservation are combined. Summary: The report frames biodiversity loss as a core operational and financial challenge for businesses and highlights existing approaches that combine nature restoration with local benefits. Undetermined at this time.