Aim

The nature transformation will examine how the impacts of business contribute to stable and resilient ecosystems which enable humanity and nature to co-exist within planetary boundaries on biodiversity, climate, land, oceans and water. 

The benchmark assessments will measure and track corporate performance towards a nature-positive future by measuring how companies are reducing their impact and even regenerating ecosystems.

In 2021, the scope of WBA’s circular transformation was expanded to cover nature and biodiversity as recognition of the need for greater understanding, transparency and accountability of business impact on our environment.

2023 Nature Benchmark

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Methodology

The Nature Benchmark will measure 1000 companies across 22 industries between two initial research cycles, in 2022 and 2023. During the first quarter of 2022, WBA published a draft methodology and conducted a public consultation to map existing behaviours and assess the practical action possible.

Following the public consultation, in April 2022 we published the Nature Benchmark Methodology, incorporating the feedback received from our Expert Review Committee and nearly 100 organisations. The next methodology update will take place in 2024.

Read Methodology

Milestones

Because of the large scale of this benchmark (1000 companies), the first cycle of data collection, verification, and analysis of the companies in scope took place during summer 2022, with the launch of the first part of the Nature Benchmark in December 2022.

The second research cycle took place in 2023, completing the full cycle of companies in the Nature Benchmark, and publishing the results in October 2023 and May 2024.

  1. Draft methodology report

    January 2022

  2. Methodology report

    April 2022

  3. Data collection and verification

    April-September 2022

  4. Benchmark publication (Part 1)

    December 2022

  5. Data collection and verification

    April-September 2023

  6. Benchmark publication (Part 2)

    October 2023

Updates

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Get involved

As we build our work, we continue to engage with stakeholders across the globe through targeted communications with key organisations and representatives. We also encourage meaningful and constructive feedback.

Jenni Black

Nature Transformation Lead

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