The need for action on nature and biodiversity has never been more urgent. This is why the World Benchmarking Alliance seeks to mobilise and incentivise over 1000 influential companies to adopt a nature-positive strategy that leaves no one behind. By doing so, we will help close the corporate accountability gap on nature, together with our partners and allies.
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. Check companies in scope here
In addition to our benchmark partners such as the Science Based Targets Network (SBTN), Global Reporting Initiative (GRI), World Wildlife Fund (WWF), World Business Council for Sustainable Development (WBCSD) and Taskforce on Nature-related Financial Disclosures (TNFD), close to 100 organisations provided feedback for the development of the methodology. These organisations included over 30 companies, 15 financial institutions and 22 specialised non-profit organisations.
Today, we published the 2022 Nature Benchmark Methodology and a 4-page summary, incorporating the feedback received from these stakeholders. 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.Download summary