Tag: biodiversity

IKEA and WWF renew partnership to accelerate action to enhance biodiversity

Stuart Mitchell

For nearly 20 years WWF and Inter IKEA Group have partnered to drive positive environmental impact within different industries, and today a renewed term of partnership until 2025 is announced. The partnership reaffirms the commitment to protect, manage and restore key landscapes, and enable a nature and climate positive value chain to also uphold the rights and needs of people. 2021 is an important year where decisions on a global biodiversity framework will be taken at the upcoming UN Biodiversity Conference, CBD COP 15. The rate of global loss of…

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Study in Nature: Protecting the Ocean Delivers a Comprehensive Solution for Climate, Fishing and Biodiversity

Stuart Mitchell

A new study published in the prestigious peer-reviewed scientific journal Nature offers a combined solution to several of humanity’s most pressing challenges. It is the most comprehensive assessment to date of where strict ocean protection can contribute to a more abundant supply of healthy seafood and provide a cheap, natural solution to address climate change—in addition to protecting embattled species and habitats. An international team of 26 authors identified specific areas that, if protected, would safeguard over 80% of the habitats for endangered marine species, and increase fishing catches by…

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UNESCO Green Citizens showcases grassroot projects at the service of biodiversity and sustainable development

Stuart Mitchell

UNESCO has launched the Green Citizens initiative to amplify the voice of some 100 local citizen projects worldwide in key domains of biodiversity and sustainable development, including the Ocean, Water/Hydrology, Education for sustainable development, Indigenous and local knowledge. UNESCO has witnessed a great increase in the number and pertinence of local citizen projects over decades of scientific research in biodiversity, oceanography and hydrology, and conservation work in its protected sites around the world (Biosphere Reserves, Geoparks, natural World Heritage sites). The Organization wishes to highlight and support local, innovative, duplicable…

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UPM signs a EUR 750 million revolving credit facility tied to long-term biodiversity and climate targets

Stuart Mitchell

UPM is one of the first companies to link the pricing mechanism of a syndicated revolving credit facility (RCF) to both biodiversity and climate targets. The margin of the RCF is tied to two key performance indicators (KPIs): achievement of a net positive impact on biodiversity in the company’s own forests in Finland a 65% reduction of CO2 emissions from fuels and purchased electricity by 2030 from 2015 levels, in line with UPM’s commitment to UN Business Ambition for 1.5°C “Connecting UPM’s sustainability performance to our financing demonstrates the importance…

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