New Innovation Challenge Puts Nature Intelligence in the Hands of Small Businesses
The challenge will award
Businesses of every size depend on nature to thrive—whether through natural resources like water and fertile soils, ecosystem services such as pollination, or protection from risks like flooding and wildfires. Yet ecosystems are deteriorating, and biodiversity is declining faster than at any time in human history. Managing interactions with nature is not only essential for the health of the planet but also for ensuring the future financial resilience of businesses and investment portfolios of all sizes. Tools like TNFD's LEAP approach now give companies a structured way to understand their dependencies and impacts on nature, along with the risks and opportunities that flow from them. Actionable, insight-based nature intelligence is a critical new requirement for all businesses and key to building resilient supply chains.
While more companies are beginning to integrate nature intelligence into their decision-making, a critical gap remains: SMEs. SMEs are the backbone of global supply chains, representing 90% of businesses and more than half of global employment, yet they often lack the expertise, infrastructure, and capacity to understand nature's relevance to the future resilience and success of their business. Unlocking this capacity is vital. By equipping SMEs with the tools and insights they need, we can enable businesses to better manage their relationship with nature and drive resilience, innovation, and nature-positive outcomes worldwide.
"The TNFD has instigated this Grand Challenge because we recognize that small and medium-sized enterprises are the backbone of the global economy and critical across global supply chains. With regulators, investors and downstream customers all seeking more information on their environmental impacts and dependencies, it is essential that SMEs have access to technology tools that can help them understand and respond to their nature-related dependencies, impacts, risks, and opportunities. Making nature intelligence accessible at scale will unlock avenues for resilience and profit, so we're calling on entrepreneurs and tech firms to come forward with solutions to help SMEs better assess and act on their nature-related issues," said
"SMEs are a critical part of our global economic systems that need to transition from nature negative to nature positive. Equipping them with actionable insights about how their businesses interact with nature, or 'nature intelligence', is a vital key to unlock these shifts to sustainability at scale and to where it matters most," said
Submissions are now open and will be accepted through
For more information, visit: https://www.nature-intelligence.org.
Media Contact:
Director of Strategic Communications and Marketing
Conservation X Labs
[email protected]
About TNFD: The Taskforce on Nature-related Financial Disclosures (TNFD) is comprised of 40 business and finance leaders from around the world and was launched in 2021 with the support of the G20. TNFD provides recommendations and guidance for market participants and other stakeholders about how nature beyond climate should be assessed, managed and reported. It has built a global movement of support and action, including 620 organisations and over
About CXL: Conservation X Labs (501c3) is a nonprofit innovation organization dedicated to addressing the underlying drivers of human-induced extinction. We do this by harnessing technology, entrepreneurship, and open innovation to transform how conservation's biggest challenges are solved. We have completed 19 global prizes and challenges, supported 177 game-changing innovations, deployed monitoring tools tracking over 270 species, and helped expand protection to 325,000 hectares of critical habitat. By breaking down silos and championing collaboration, we build bold solutions that deliver measurable impact for people and nature.
About UNDP: UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality, and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and planet. Learn more at www.undp.org/nature or follow @UNDP.
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SOURCE Conservation X Labs
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