Africa: Key Facts

To develop and deliver a risk management and disclosure framework for organisations to report and act on evolving nature-related risks, with the ultimate aim of supporting a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.

Biodiversity, or biological diversity, is the variety of life on Earth. It includes the variety of plants, animals, fungi, bacteria, and other organisms as well as the variety of ecosystems in which they live.

Oil and gas companies with offshore infrastructure must decommission it when it's no longer useful—by plugging wells and removing platforms within set deadlines. As of June 2023, more than 2,700 wells and 500 platforms were overdue for decommissioning in the Gulf of Mexico. Delays can increase environmental, safety, and financial risks. For example, delays could indicate that companies are in financial trouble and may leave the government to pay for decommissioning. The Department of the Interior only holds about $3.5 billion in bonds from companies to cover a potential cost of $40-$70 billion.

Critical minerals, also known as strategic minerals or critical raw materials, refer to mineral resources that are of significant importance to a country's economy and national security.

Well-intended efforts to tackle sustainability challenges may not make enough difference or encourage superficial changes when more structural ones are required.

Organizations claim to fulfill stakeholders' expectations for action on sustainability without actually making any changes in their practice.