Business for Nature’s Post

New automotive sector guidance released today! 👇 How can the automotive sector play its part in halting and reversing #NatureLoss by 2030? The automotive sector depends on #Nature, but also impacts nature. Whilst 43 countries have collectively committed to accelerating the transition towards 100% zero-emissions vehicles, the automotive sector still contributes to #Biodiversity loss through pollution, water-use, land-use change and greenhouse gas emissions across its entire value chain. Therefore, it’s crucial that companies in the sector take priority actions to transform their businesses, namely through: 🌎 Avoiding and reducing impacts from operations, through improving water stewardship, avoiding and reducing pollution, strengthening biodiversity assessment, planning and management, and accelerating GHG emissions abatement. 🌎 Avoiding and reducing impacts from materials, through expanding circularity, innovating to avoid and reduce material waste across the value chain, engaging with suppliers and sourcing responsibly. 🌎 Transforming product offerings, through transitioning from internal combustion engine (ICE) vehicles to battery electric vehicles (BEVs), expanding into new business models like mobility- or component-as-a-service models and influencing customer behaviour. 🌎 Conserving and restoring nature, through supporting nature conservation and restoration with Indigenous Peoples and local communities, and investing in innovative biodiversity financing mechanisms. 🌎 Driving cross-sector collaboration, through embracing standards and transparency, educating customers, supporting downstream networks, scaling up transition infrastructure and calling on governments to strengthen nature-related policy. To support this transition, the World Economic Forum, in collaboration with Oliver Wyman, has produced a report including sector-specific guidance that businesses should take to ensure the sector helps contribute towards a #NaturePositive future. This report forms part of a package of sector action reports that we’ve already launched, in collaboration with World Economic Forum and the WBCSD – World Business Council for Sustainable Development. #WEF #AM25 🔗 Read the overview and report: https://lnkd.in/eFpg8Qbj

Bashir Mubiru

Driving Impact Globally

2mo

The automotive sector’s transition to sustainability must not only focus on innovation and reducing emissions, but also recognize the interdependence with nature, ensuring that every step forward prioritizes the preservation and restoration of ecosystems that sustain us.

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