Global economic development, while providing many benefits to people worldwide, has largely been at the expense of nature. Yet increasingly, governments, financial institutions, and companies are recognizing that this paradigm undermines the long-term viability of the global economy.
The ecosystem services footprinting tool can provide corporate ESG metrics focused on impacts to nature, with greater transparency and potential for external verification than many other ESG approaches. The team found that just focusing on corporations' biodiversity impacts is not representative of impacts to broader ecosystem services, like water quality or coastal flood risk reduction. The results emphasize the importance of using high-spatial-resolution information and understanding both ecosystem services and biodiversity values in order to accurately assess corporate impacts on nature.
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