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🚗 From Negative Examples to Role Models: Volvo Group’s Biodiversity Leadership 🌿 After recently mentioning Tesla as a negative example in the automotive industry when it comes to #NatureImpact, today we turn to a positive example: Volvo. While the #CSRD only marks the beginning, Volvo exemplifies the importance of comprehensive nature (risk) management, serving as a #RoleModel in the industry and beyond. Here some key takeaways from their #PositionPaper, launched only 3 weeks ago in September 2024: - Volvo used 2021 data to create a baseline for its impact on nature, conducting a Lifecycle Assessment (LCA) to determine where biodiversity is most affected within its value chain. - The assessment revealed that only 2% of their impact comes from their own operations, while 34% is upstream and 64% is downstream (production and fuel usage). - Volvo acknowledges that LCA-based biodiversity footprinting is essential to identify key impact areas, but they stress the need for context-specific, measurable data to guide actions and track progress. Volvo’s #NatureAction approach includes: - Focusing on circularity and resource efficiency in response to their upstream biodiversity impacts. - Exploring ways to counterbalance negative impacts through restoration and conservation in affected ecosystems, possibly through credits or direct funding of restoration projects near their operations and suppliers. - Next steps include gathering localized nature data from suppliers to better understand the State of Nature at their own sites as well as nature impacts and dependencies. Read the full paper here: https://lnkd.in/ePsh_qnH Below is a graphic from PwC’s 2023 analysis, which we have built at Nala Earth to highlight where & how automotive companies interact with nature. Do you have other companies in mind serving as #RoleModels in nature & biodiversity? #Biodiversity #Sustainability #NatureAction #Volvo #Automotive

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Sylvain Vaquer

Building Mozaic Earth, the most scalable platform to 'ground truth' nature data

2mo

Thanks for sharing Nala Earth! Good to see some of the bigger corporate identify and quantify their nature dependencies. Please reach out if you need help gathering localised, ground-truth nature data! It's what we do at Mozaic Earth 😊

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