A near total lack of transparency is making it impossible to assess the quality of corporate-led ecosystem restoration projects, a new study finds.
The world’s largest corporations have the potential to lift ecosystem restoration efforts to an unprecedented scale. But their involvement has to be managed with proper evidence and accountability, to make sure the outcomes are beneficial and fair for everyone.An international team of scientists has analysed publicly available sustainability reports released by 100 of the world’s largest companies and found that despite many businesses claiming to actively rebuild damaged ecosystems, very little is known about what is actually being achieved.
Efforts to rebuild degraded environments are vital for achieving global biodiversity targets, and corporate-led projects offer huge potential to restore damaged and lost ecosystems around the globe.
But the study reveals that over 90 percent of corporate-led restoration projects fail to report a single ecological outcome. Around 80 percent of projects do not reveal how much money is invested in restoration, and a third fail to even state the area of habitat that they aim to restore.
The United Nations has launched a Decade on Ecosystem Restoration, and in recent years businesses around the world have collectively pledged to plant billions of trees, hundreds of thousands of corals and tens of thousands of mangroves. Around two thirds of the top 100 largest global corporations undertake ecosystem restoration.
The study is published today in the journal Science.
-Ultimately, if big businesses are going to contribute effectively to the UN Decade on Ecosystem Restoration, there needs to be transparency and consistency in reporting,- said Professor Rachael Garrett, Moran Professor of Conservation and Development at the University of Cambridge Conservation Research Institute, and a co-author of the report.
She added: -This is in the interest of the businesses themselves, who stand to gain from demonstrating to their customers, shareholders, employees and the wider public that they are making meaningful impacts with their declared restoration efforts.
-The world’s largest corporations have the potential to lift ecosystem restoration efforts to an unprecedented scale. But their involvement has to be managed with proper evidence and accountability, to make sure the outcomes are beneficial and fair for everyone.-
Many countries require businesses to conduct Environmental Impact Assessments (EIAs) to quantify and reduce their environmental damage, and other private-sector initiatives also encourage companies to measure and disclose their biodiversity impacts. However, the study finds that current guidelines and legal frameworks around ecosystem restoration are inadequate, and are not yet resulting in appropriate reporting by businesses.
The researchers are calling for more transparency around the reporting of corporate-led ecosystem restoration projects, and for reporting to be more consistently centred around scientific principles that determine ecosystem restoration success.
-Restoring degraded ecosystems is an urgent challenge for this decade, and big businesses have the potential to play a vital role,- said Dr Tim Lamont at Lancaster University, lead
- Recommend that companies clearly differentiate between restoration activities that merely mitigate the negative environmental impacts of a business- operations from those that aim to provide wider climate, biodiversity and social justice outcomes.
- Recommend a principle-based approach, drawing from conservation science, for planning and reporting, so that restoration projects in a range of different contexts can all maintain high standards across core areas.
- Ensure corporations engage with and empower local stakeholders to co-design restoration projects from the outset.
Lamont, T., et al: ’ Hold big business to task on ecosystem restoration: corporate reporting must embrace holistic principles from restoration science.’ Sept 2023, Science.