Objective
1.
The objective of this Standard is to specify Disclosure Requirements which will enable users of the sustainability statement to understand:
- how the undertaking affects biodiversity and ecosystems , in terms of material positive and negative, actual and potential impacts, including the extent to which it contributes to the drivers of biodiversity and ecosystem loss and degradation;
- any actions taken, and the result of such actions, to prevent or mitigate material negative actual or potential impacts and to protect and restore biodiversity and ecosystems, and to address risks and opportunities; and
- the plans and capacity of the undertaking to adapt its strategy and business model in line with:
- respecting planetary boundaries related to biosphere integrity and land-system change ;
- the vision of the Kunming-Montreal Global Biodiversity Framework and its relevant goals and targets ;
- relevant aspects of the EU Biodiversity Strategy for 2030 [70];
- Directive 2009/147/EC of the European Parliament and of the Council and Council Directive 92/43/EEC (EU Birds and Habitats Directives) [71]; and
- Directive 2008/56/EC of the European Parliament and of the Council (Marine Strategy Framework Directive [72] ;
- the nature, type and extent of the undertaking’s material risks, dependencies and opportunities related to biodiversity and ecosystems, and how the undertaking manages them; and
- the financial effects on the undertaking over the short-, medium- and long-term of material risks and opportunities arising from the undertaking’s impacts and dependencies on biodiversity and ecosystems.
2.
This Standard sets out Disclosure Requirements related to the undertaking’s relationship to terrestrial, freshwater and marine habitats, ecosystems and populations of related fauna and flora species, including diversity within species, between species and of ecosystems and their interrelation with indigenous peoples and other affected communities.
3.
The terms “ biodiversity ” and “ biological diversity ” refer to the variability among living organisms from all sources including, inter alia, terrestrial, freshwater , marine and other aquatic ecosystems and the ecological complexes of which they are part.