Time for Australian Companies to Act on Climate & Nature Impacts

Adrian Zammit

ESG & Reporting

6

6

min read

5 Nov 2023

5 Nov 2023

Australia, the driest inhabited continent, faces escalating environmental threats, but what many don’t realize is the compounding nature of climate change and biodiversity loss. Each crisis worsens the other. For instance, as biodiversity declines, ecosystems lose their ability to regulate climate, which in turn accelerates environmental degradation. This feedback loop is already affecting Australia's fragile ecosystems—think of how bushfires destroy not just forests, but also the species that maintain the ecosystem’s balance.

With mandatory climate reporting fast approaching, Australian businesses need to understand that this isn’t just about risk mitigation—it’s an opportunity for climate-positive innovation. Companies that incorporate nature-based solutions, such as habitat restoration and water conservation, can tap into new markets, enhance their brand’s sustainability credentials, and future-proof their operations.

Here’s what’s surprising: every $1 invested in ecosystem restoration generates an average of $7-30 in economic benefits! This insight shifts ESG from a regulatory compliance exercise to a strategic investment opportunity.
Australian companies must act now, not just for compliance but to capitalize on a unique opportunity for sustainable growth in one of the most climate-vulnerable regions of the world.

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