From Evaluation to Action: No-Regret Measures to Mitigate Agricultural Biodiversity Risks

1. Introduction: the complex relationship between nature and agriculture
1.1 Dependencies on nature and contribution to biodiversity decline
1.2 The dual nature of biodiversity risks: interlinked physical and transition risks
1.3 Risk assessment and proposed action framework

2. Identifying and managing risks: Food and Agriculture companies fall short
2.1 Partially assessed biodiversity-related risks by Food and Agriculture companies
2.2 A lack of reporting, goals and governance on biodiversity-related risks

3. First measure: identification of the high-priority sub-sectors and commodities
3.1 Identifying the sub-sectors most dependent on ecosystem services
3.2 Identifying the sub-sectors with the most impacts on biodiversity
3.3 Identifying high risk commodities

4. Second measure: risk assessment based on the analysis of impacts, dependencies and commodities
4.1 Identifying biodiversity-related risks thanks to impacts and dependencies analysis
4.2 Assessing biodiversity-related risks with a structured framework
4.3 An example of risk evaluation for a farm combining animal and crop production

5. Rising to the challenge: implementing ambitious strategies and setting targets
5.1 Conduct a robust materiality assessment
5.2 Set clear targets
5.3 Collaborate with the supply chain to measure outcomes
5.4 Set up appropriate governance structures supported by expert bodies