Our key takeaway: Companies can affect rights—especially of Indigenous Peoples and traditional and local communities—both through their impacts on nature and through their efforts to mitigate those impacts. Rights impacted when biodiversity is impacted include the right to a clean, healthy and sustainable environment; the right to physical and mental health; and the right to life, liberty and security of human rights and environmental defenders. GBI recommends four top actions for companies to take action: (1) adapt and adopt policy commitments that explicitly focus on the links between human rights and biodiversity, and the importance of Free, Prior and Informed Consent; (2) conduct due diligence with an eye to identifying, assessing and addressing biodiversity impacts in own operations and along the full value chain, and conduct due diligence on mitigation measures; (3) ensure appropriate access to remedy for biodiversity-related harms; and (4) build internal muscle to address the joint biodiversity and human rights crisis, including by bringing senior management onboard, breaking down silos between functions, and embedding human rights capabilities into teams responsible for biodiversity. At the end of the day, we are running out of time. A number of scientists believe the sixth mass extinction has begun, and the extinction rate of species is thought to be about 1,000 times higher than before humans dominated the planet. The time for considering biodiversity loss,, and it impacts on people, is now.
The Global Business Initiative on Business and Human Rights (GBI) published the briefing note Business Involvement in Biodiversity-Related Human Rights Impacts (February 2024):