Various standards and guidelines exist to support companies. For example, the following resources outline the approach companies should take for biodiversity assessment and prioritization: –TNFD’s LEAP approach164 –SBTN’s technical guidance to assess165 and prioritize166 The following tools and datasets are also available to support a more detailed assessment: –WWF’s Biodiversity Risk Filter167 –The Integrated Biodiversity Assessment Tool (IBAT)168 –United Nations (UN) Biodiversity Lab spatial data169 –IUCN Global Ecosystem Typology 2.0170 –Global Forest Watch171Tools to improve water stewardship Guidance and tools to improve biodiversity assessment and prioritizationBOX 3 BOX 4Several tools are available to help companies identify, assess, prioritize and take action on water-related material risks, including: –Aqueduct from the World Resources Institute (WRI)158 –WWF’s Water Risk Filter159 –SBTN’s technical guidance on freshwater160 –The Alliance for Water Stewardship’s (AWS) Water Stewardship Standard161 –CDP’s Water Impact Index162 Strengthen biodiversity assessment, planning and management For all owned land, businesses should conduct site-level biodiversity assessments such as species monitoring, evaluate dependencies on critical ecosystem services and develop biodiversity management plans, starting with priority sites such as those at or near areas of high ecological, cultural or community significance. Examples of such areas include International Union for Conservation of Nature (IUCN) categories I-IV Protected Areas, Key Biodiversity Areas and World Heritage Sites.163 In addition, the World Economic Forum's Alliance for Clean Air unites business leaders and policy-makers to reduce air pollution across global value chains. A science-based guide has been developed, which businesses can use to understand their impact on air pollution, and unlock a new path to accelerate climate targets. Nature Positive: Role of the Automotive Sector 31

Nature Positive Role of the Automotive Sector