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Over the past two decades, corporate sustainability has progressed, but the emphasis on climate action has been overly narrow, neglecting significant nature loss risks. Business leaders are increasingly incorporating biodiversity into their sustainability strategies, with initiatives such as the Taskforce on Nature-related Financial Disclosures gaining traction. Three developments driving this shift include heightened awareness of nature’s economic foundations, public institutions enhancing visibility of nature’s contributions, and the emergence of market-based investment mechanisms that incentivize biodiversity restoration.
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