About the data
This metric was designed by The World Benchmarking Alliance, more information can be found here. Sources and Alignments for each indicator can be found here as well as the scoring guidelines here
The World Benchmarking Alliance's Nature Benchmark measures and ranks the world's most influential companies on their efforts to protect our environment and its biodiversity.
This metric relates to the Indicator: The company demonstrates it is working towards decoupling economic prosperity from resource consumption and environmental degradation.
Rationale: The current dependence on a linear economy is largely responsible for most impacts on nature and biodiversity. Some 90% of biodiversity loss is caused by the way we extract and process materials, fuels and food (UNEP, 2019). Approximately 60 billion tons of renewable and nonrenewable resources are extracted yearly, a 15% augmentation since the 1980s (IPBES, 2019). Furthermore, following land and sea use change, the largest negative impact on nature is the direct exploitation, especially overexploitation, of natural resources and organisms via harvesting, logging, hunting and fishing (IPBES, 2019). By decoupling economic prosperity from resource consumption and environmental degradation, circularity offers opportunities for new and better growth that not only help safeguard and rebuild biodiversity but also provide benefits.
Methodology
WBA analysed all publicly available group-level disclosure in English on the applicable group website, which was predominantly annual reports and sustainability reports. Draft assessments were then sent to each company inviting them to provide feedback. This feedback could include additional publicly available group disclosure published. These were then reviewed and finalised. Final assessments were then shared with each company before being published online.
For this metric examples covering at least two of the following are required:
• Avoid: Inputs, Recycled inputs/Material sourcing/other. (if b met, this is met)
• Reduce: Design/Manufacturing/More efficient
• Re-Use & Repair. With this, actions must not be one-off programmes; they must be at multiple locations and all year-round. Pilots do not count.
• Recycling/Waste: GRI 306, breakdown of waste and destination
Examples of not met:
• Lifecycle assessments and certifications alone are insufficient.
• The use of renewable energy
• Mentions of partnerships/alliances/associations without specific data on role and projects done by the company • Initiatives that require specific actions from consumers and/or only at employee level (such as volunteer programs).
Keywords: Circular, Input, Reuse, Recycling