Over 35 European businesses have signed a statement calling for the adoption of a strong EU Nature Restoration Law with legally binding targets. The law would help restore natural habitats in the EU and address the adverse effects of advancing nature loss and climate crisis on human livelihoods and economic activities. The businesses believe that the EU Nature Restoration Law is a key tool to tackle climate and biodiversity crises and ensure the long-term sustainability and viability of society and the economy. The European Commission has presented a proposal for a regulation on nature restoration, which is currently being decided on in the European Parliament and Council. The businesses said that without taking action now, their future economic activities are endangered by supply chain disruptions and reduced access to crucial ecosystem services. Over half of global GDP – US$44 trillion – is potentially threatened by nature loss. Sabien Leemans, Senior Biodiversity Policy Officer, WWF European Policy Office, said: “The Members of the European Parliament and EU Member States must listen to these calls and deliver legislation that Europe desperately needs, fit for tackling both nature and climate crises.” The UK arm of the WWF, and fellow wildlife charities RSPB and National Trust, have launched a campaign to encourage firms to factor nature risks and impacts into business strategies.
Businesses join a long list of stakeholders calling to #RestoreNature, including citizens, NGOs, the scientific community and other business networks.
Everyone can gain from a strong Nature Restoration Law 🌳👇https://t.co/K7Z0Q3IOQv
— WWF EU (@WWFEU) April 19, 2023