Nature Positive Role of the Offshore Wind Sector

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 assess59 and prioritize60 from SBTN. Commit Set No Net Loss (NNL) or Net Positive Impact (NPI)/Net Gain targets at site level, using the International Finance Corporation’s (IFC) Performance Standards for guidance.61 Follow the approach the International Union for Conservation of Nature (IUCN) is developing to measure nature- positive62 and set targets. Set science-based targets, taking inspiration from the technical guidance provided for freshwater, land, ocean and biodiversity by SBTN.63 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;64 invest resources and commit management to deliver against clear targets.65 Consult sector-specific key actions as listed in: –The World Economic Forum’s Clean Energy as a Catalyst for a Nature-Positive Transition66 –United Nations Global Compact’s Net-Positive Biodiversity in Offshore Renewable Energy: Minimum Criteria and Recommendations for Action67 –Offshore Coalition for Energy and Nature (OCEaN)’s Avoidance & minimisation of environmental impacts from offshore wind and grid infrastructure 2024 report. Disclose Consult the final recommendations68 from TNFD for nature-related disclosures. For climate, refer to the ISSB guidance on disclosure of sustainability-related financial information and climate- related disclosures.69 Use CDP’s disclosure platform, which includes guidance on climate change, forests, water security, biodiversity and plastics.70 Note: 1. This table is non-exhaustive. For more tools and guidance, see High-level Business Actions on Nature71 and The Nature Strategy Handbook72; 2. The concept of delivering biodiversity-positive actions at the project level is commonly referred to as Net Positive Impact (NPI) or net gain. NPI refers to the sequential, successful and iterative implementation of measurable actions to achieve net gain for prioritized biodiversity features. This occurs once NNL for those features is achieved at the project level. Nature-positive is a global goal measured in relation to a 2020 baseline by 2030. It is a combined global outcome that halts and reverses loss to nature, increases resilience and improves well-being with full recovery by 2050. 17 Nature Positive: Role of the Offshore Wind Sector