Companies are increasingly recognising the impact they are having on the environment throughout their supply chains and are starting to plan and implement corrective actions within their operations. Many have already begun undertaking Nature-based Solutions (NbS) in areas such as forest conservation, wetlands restoration, reforestation, mitigation of flooding and drought risks, among others. Detailed information on how companies are carrying out NbS within their operations, however, is still lagging.
This policy brief looks at the actions taken by companies on NbS. It is aimed at policymakers seeking to understand the role of the private sector in unlocking the potential of NbS as a cost-effective tool to support a responsible forest-risk commodity value chain and in delivering a 1.5°C, deforestation-free world. The brief describes the increasing importance of NbS in the main international regimes related to climate and biodiversity, presents cases of NbS being implemented and supported by companies, and provides a set of recommendations for policymakers to strengthen the private sector’s engagement with NbS.