Components of a nature-positive strategyOrganizational maturity Starting and developing Advanced and leading Implementation strategy and engagement strategy –Develop sustainable procurement policies with suppliers that have nature-focused elements –Prioritize actions to avoid and reduce negative impacts in the company’s direct operations and upstream supply chain –Implement initial traceability for primary suppliers –Be aware of NBSAPs and recognize the interdependence of nature and climate in advocacy efforts –Adopt a circular strategy and embrace regenerative principles by linking capital to nature-positive outcomes and by involving all stakeholders, including employees, clients and customers –Establish advanced traceability for key materials and ensure supplier alignment, expand traceability throughout product life cycle and encourage innovative supplier collaborations –Engage actively in NBSAPs, champion nature-positive outcomes and advocate for integrated reforms benefiting nature, climate and society Metrics and targets –Set nature-positive goals on a timeline using the SMART (specific, measurable, achievable, relevant and time-bound) approach –Validate commitments using third-party stakeholders –Detail and report on targets for nature-related risks and opportunities based on TNFD’s Recommendations173 –Prepare for science-based targets on land and freshwater by using SBTN’s step 3 – set targets Governance –Assign a management member for nature-based risks, ideally overseeing both climate and nature –Incorporate nature into environmental risk management, especially within enterprise risk management (ERM), environmental, social and governance (ESG) and sustainability teams –Train governance roles on the connection between nature and wider ESG risks –Ensure board or senior management ownership of nature actions –Tie performance on nature and climate to leadership incentives –Set up governance structures for managing, reporting and overseeing nature-based risks and actions on nature across the organization, including informing relevant board-level committeesMapping the components of a nature-positive strategy against organizational maturity (continued)TABLE 5 Nature Positive: Role of the Offshore Wind Sector 40

Nature Positive Role of the Offshore Wind Sector