NatureMetrics says the new platform represents a breakthrough in understanding and managing our impact on nature – providing simple, standardized metrics to track and report site-based nature impact.
In recent years, there has been growing recognition of the importance of a thriving global biodiversity to our survival. But, as with substantive action to mitigate climate change, strategies to protect and restore the natural world have been slow and piecemeal.
But momentum is building; leading companies and financial institutions are increasingly thinking about biodiversity, seeking ways to align financial flows with global biodiversity goals: Kering GroupFor example, a commitment has been made to have a net positive impact on biodiversity by 2025. By 2021, Natural Capital Finance Alliance posted its Encore
Biodiversity Module – enables banks and investors to analyze the potential impact of their investment activities in agriculture and mining on biodiversity loss; this Science-Based Targeting Network Publish interim guidance to show businesses how to protect and restore nature based on science; and
HSBC, World Resources Institute and World Wildlife Fund launched their $100 million Climate Solutions Partnership, or which projects to protect and restore biodiversity are the focus. But standardized metrics to quantify the value of natural capital and our impact on it remain elusive.
So, today, from COP15 Biodiversity Conference
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U.K.– a provider of natural intelligence-based technology – is launching what it calls the world’s most powerful natural performance monitoring service. Whether just starting to collect biodiversity data or with a complex strategy for nature positivity, the new platform is designed to support any company that needs to improve its nature performance and make real impact on the ground through site-based biodiversity monitoring.
NatureMetrics”Environmental DNA‘(DNA) technology provides continuous large-scale natural impact monitoring to enable standardized performance measurements of natural ecosystems. The foundation for businesses to report and manage physical risk (According to recent surveys, a record number of companies say they are ready and seek guidance on how to do so) CDP
data), these insights will be accessible through a new digital dashboard – making it easy for multiple stakeholders in any organization to understand important information about nature’s impact.
“The enormous complexity of nature makes it nearly impossible to set actionable targets. eDNA technology is truly transformative in this regard, enabling routine monitoring of biodiversity at scale,” said the founder of NatureMetrics cat bruce“Our new platform brings eDNA data to life, turning complex datasets into clear, simple trends and insights that drive effective action to improve natural outcomes.”
The company says eDNA technology can capture tiny traces of all species — from bacteria to blue whales — to get an accurate picture of the natural state in field assets. It will provide insight into the drivers of change at the site management level, in addition to understanding the changing state of individual sites or groups of sites needed to make resource allocation decisions at the executive level. By comparing management regimes, it will drive adaptive management and bring about real change on the ground – whether it is minimizing risk and impacts, or increasing returns on investments in natural capital.
“Nature risks are rapidly rising up the corporate agenda; yet many of our members are concerned about the lack of reliable data to drive decision-making. It is encouraging to see new solutions entering the market that will make nature-related financial risks and opportunities enabling better assessment and reporting at the field level and ultimately enabling TNFD members to access performance metrics for their assets, suppliers or portfolio companies,” said James DassHead of Data and Analytics Technology Nature-related Financial Disclosure Task Force
Nature provides critical life-sustaining functions—from plants and trees providing clean air to healthy soil and pollination to produce food crops. However, unlike the net-zero goals aimed at mitigating climate change, nature has not yet been bound by clear, measurable global goals—in part because the technology and data to support such goals have not existed until now. NatureMetrics hopes to change that, with a new monitoring service and a message of hope for leaders at COP15.
Interested companies can naturemetrics.com/insights.