(Target 2), expanding conservation areas (Target 3), reducing pollution (Target 7) and disclosing impacts and dependencies (Target 15). With growing expectations from financial institutions, employees and customers, as well as anticipated new policy and regulation worldwide, the business case for action on nature has never been stronger. Corporate leaders should start to assess, commit, transform and disclose – as per the ACT-D framework – in a more systematic way. As noted in the Introduction, companies need to: identify, measure, value and prioritize their nature-related impacts and dependencies across their value chains to ensure they act on the most material ones; set transparent, time-bound, specific, science-based targets when material; take actions to transform their businesses; and track performance to publicly disclose material nature- related information. For more information on tools and guidance available for the ACT-D set of high- level actions, see Table 1. A range of other activities will also be needed to support the stages of ACT-D, including agreeing on definitions, determining materiality thresholds, mapping assets and operations, gathering information on existing nature-related activities, making the case for nature action internally within the organization (beyond disclosure), and establishing the vision of success. Selected tools and guidance available for ACT-D high-level actions TABLE 1 Assess Consult the locate-evaluate-assess-prepare (LEAP) approach from TNFD. Follow the technical guidance to assess74 and prioritize75 from SBTN. Commit Follow the approach the International Union for Conservation of Nature (IUCN) is developing to measure nature- positive76 and set targets. Set science-based targets, taking inspiration from the technical guidance provided for freshwater and land by SBTN.77 For climate, refer to the guidance from the Science Based Targets initiative (SBTi). Transform Take inspiration from the World Economic Forum’s Nature Positive Transitions: Sectors report series;78 invest resources and commit management to deliver against clear targets.79 Disclose Consult the final recommendations80 from TNFD for nature-related disclosures. For climate, refer to the ISSB guidance on disclosure of sustainability-related financial information and climate- related disclosures.81 Use CDP’s disclosure platform, which includes guidance on climate change, forests, water security, biodiversity and plastics.82 Note: This table is non-exhaustive. For more tools and guidance, see High-level Business Actions on Nature and The Nature Strategy Handbook. 17 Nature Positive: Role of the Automotive Sector

Nature Positive Role of the Automotive Sector