Planting trees is good. Saving existing forests is better. Protecting people and nature is best - WWF

Nature-based solutions and corporate goal setting for forests and climate.

While uncertainties and disruption associated with COVID-19 abound, many leadership companies are still moving forward with the important process of drafting their 2020-2030 sustainability goals. Companies leading the pack recognize the importance of integrating sustainability and business goals, given the close link between environmental and business risks highlighted by the World Economic Forum Global Risks Report 2020.

 

Many companies are also seeking to deliver on their climate and other sustainability commitments via “nature-based solutions¹” by prioritizing forests. But they are grappling with questions around the scale of their ambition; how to “do the math” to credibly connect nature-based actions with their environmental footprint; and how to build innovation, resilience, and adaptation into their goals in light of what will certainly be a more uncertain future.

 

There is no question that corporate action to help protect, restore, and improve the management of the world’s forests can make a meaningful difference. In fact, those actions can address up to 20% of the current climate crisis by 2050. And there is an exciting wave of interest among companies that want to seize this opportunity to take action for forests—often together with other companies, even competitors—in ways that deliver against their climate and other sustainability goals.

 

Corporate action will be most effective if integrated and aligned with a broader agenda. Deforestation and forest degradation are still rampant globally. This reality continues to undermine climate stability, biodiversity, global health, and economic prosperity. Unless all nations and all sectors of society collaborate, more frequent and severe weather events and disease outbreaks will become the new normal. The question is no longer whether or not action is needed. Instead, leaders are trying to determine what actions, in what places, at what scale, and with what partners are most important to prioritize.

 

At WWF, based on our extensive on-the-ground efforts in countries and important forest landscapes across the globe, our work within international policy, and our connection with companies in forest and land-intensive sectors, we have developed the following specific, step-by-step guidance to assist companies in setting forest and climate goals for 2030 and beyond.

 

1. Assess Your Impact and Apply the Mitigation Hierarchy

Since we published our "Forest Positive" guidance in 2017, much has happened to support forest corporate target setting, assessment, and action planning. Remote-sensing tools and mapping capabilities have advanced, guidance on deforestation policies was issued, new climate and nature targets are being developed, and carbon accounting guidelines for land-intensive sectors have been issued and are being codified into the Greenhouse Gas Protocol. These new tools make it easier to harness your direct influence, but where to start after your assessment is complete?

For more Information, please check: HERE

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