Nature Positive Role of the Offshore Wind Sector

Assess Measure, value and prioritize your impacts and dependencies on nature to ensure you are acting on the most material ones. Commit Set science-based targets to put your company on the right track towards operating within the Earth’s limits. Transform Avoid and reduce negative impacts, restore and regenerate, collaborate across land and seascapes, shift business strategy and models, embed nature in governance and advocate for policy ambition.DiscloseComm it Assess TransformHigh-level business actions on nature DiscloseDisclose Note: Disclose material nature-related information across all three high-level actions above. Source: Business for Nature. (n.d.). High-level Business Actions on Nature.ACT-D high-level business actions on nature FIGURE 4 The need for a sectoral approach As nature impacts and dependencies differ significantly across real economy sectors, sector- specific analyses and guidance can help companies understand their relationship with nature and the actions they can take to accelerate the transition to a nature-positive future. To inform sectoral approaches, the World Economic Forum, alongside Business for Nature and the World Business Council for Sustainable Development (WBCSD), produced guidance on 12 global sectors as part of the initial phase of the Sector Actions Towards a Nature-Positive Future initiative. For each sector, the guidance outlines the priority actions companies should take to transform their operations and value chains to make a meaningful contribution towards the Global Biodiversity Framework and help halt and reverse nature loss by 2030. In the second phase, the World Economic Forum has conducted analysis on four additional sectors: mining and metals, automotive, offshore wind and ports. This report identifies and makes the business case for sector-specific priority actions in the offshore wind sector. Nature Positive: Role of the Offshore Wind Sector 12