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.
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.Read Methodology
Data collection, verification, and analysis of the companies in scope will take place during summer 2022, with the launch of the first benchmark due in December 2022.
The second research cycle is planned for 2023, with the second iteration of the Nature Benchmark.
Draft methodology report
Data collection and verification
The Expert Review Committee
The Nature Benchmark is developed in close collaboration with an Expert Review Committee (ERC), whose members support the core team with their expertise and experience.
Executive Director, Science Based Targets Network (SBTN)
Standards Manager, GRI
Senior Technical Manager, TNFD
Senior Manager, Capitals Coalition
Green Finance Advisor, WWF-Netherlands
Senior Director, Nature Action, WBCSD
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.