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Strengthening Understanding and Strategies of business To Assess and Integrate Nature

Project description

How to ensure conservation is always good for business

To reverse biodiversity loss and achieve nature-positive outcomes, it is necessary for countries worldwide to adopt transformative and system-wide changes in all sectors, including the economy and business. Our global economy is dependent on nature. It also plays a big role in its degradation. With this in mind, the EU-funded SUSTAIN project will bring together a multi-stakeholder and multidisciplinary team to create a database of business dependencies and impacts. It will develop methods to reduce biodiversity-related risks, and a toolbox to support their application. By drawing on existing networks and expertise, the consortium will drive uptake of these resources through dissemination of targeted business case materials.

Objective

Our global economy is intrinsically dependent on nature, and at the same time is playing a major role in its degradation. Recognition of this fact has grown substantially in the past decade, as evidenced in the EU Biodiversity strategy for 2030. However, transformative, system-wide changes are still needed to achieve the nature-positive outcomes required to 'bend the curve' of biodiversity loss. While the business case for economic actors to address biodiversity is becoming clearer in some sectors, it is still lacking in others, particularly those more removed from direct interactions with nature. SUSTAIN (Strengthening Understanding and Strategies of business To Assess and Integrate Nature) will bring together a multi-stakeholder and multi-disciplinary team to strengthen understanding and awareness of how all economic activities depend and impact on biodiversity. The project will build on existing work within the business and biodiversity space to develop and validate a database of business dependencies and impacts, develop methods that actors can use to reduce biodiversity-related risks, and a toolbox to support their application. The consortium will drive uptake of these resources through dissemination of targeted business case materials, drawing on existing networks and expertise in communicating with businesses, financial institutions and other key stakeholders.

Coordinator

STICHTING CAPITALS COALITION
Net EU contribution
€ 848 251,23
Address
BEZUIDENHOUTSEWEG 2
2594 AV 's-Gravenhage (Den Haag)
Netherlands

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Region
West-Nederland Zuid-Holland Agglomeratie ’s-Gravenhage
Activity type
Other
Links
Total cost
€ 848 251,23

Participants (3)

Partners (7)