In January 2024, ERM, Salesforce, Planet, and NatureMetrics launched the NatureTech Alliance at the World Economic Forum in Davos to help companies harness advanced data and technology to tackle their most urgent nature challenges.
Access the report nowThe Alliance’s overall aim is to develop an integrated toolkit focusing on:
- Providing visibility into nature impacts, dependencies, and risks and opportunities
- Effectively managing nature-related data and reporting
- Shifting corporate nature strategy from commitments to nature-positive outcomes
- Navigating complex and still nascent regulatory landscapes
- Driving cross-value chain and cross-sector collaboration
- Directing private capital flows towards high-impact, nature-positive activities
After multiple client conversations in early 2024 it became clear that many companies are still getting their heads around the challenge. So, in late summer, the Alliance set out to better understand the common nature-related challenges companies face across their value chains - and how they are using nature tech to solve them.
Through a series of interviews with leading players, the Alliance identified these challenges as well as examples of successful actions being pursued to manage them and create business value. Seven key insights emerged, painting a clear picture of the current obstacles and opportunities for effective corporate nature action. These seven critical insights on corporate nature action and a common vision for how to harness the power of nature technologies to solve these challenges are presented in this paper. At its foundation is a performance framework that outlines how companies are progressing from compliance focuses to more innovative, outcome-based actions.
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