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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNatCap, a UK startup that helps businesses understand their sustainability risks, has raised $10 million in Series A funding. The startup provides businesses with a tech platform to help them understand their risks and opportunities regarding natural issues, from water risk to biodiversity. This story is available exclusively to Business Insider subscribers. NatCap CEO Sebastian Leape told Business Insider that a "culture change" in recent years meant sustainability issues were "now top of mind" for businesses.
Persons: , Sebastian Leape, André Hoffmann, David Craig, Leape Organizations: Service, Oxford University, Business, Sustainable Finance, Tesco, Carbon, Norinchukin, Yeo Ventures, Pelican, Oxford Science Enterprises Locations: Europe, Japan
New nature-reporting recommendations aim to help companies assess their impact on and risks from the world’s natural systems. This is despite growing awareness of the catastrophic effects of biodiversity loss, Capgemini said in a report, based on a survey of executives of large organizations from major economies. The TNFD recommendations are currently voluntary, but come as regulation tightens around degradation of the natural world. Separately, in the EU, many companies are already facing obligations to report their impact on nature under the bloc’s Corporate Sustainability Reporting Directive. “We recognize that nature loss poses both risks and opportunities for business, now and in the future,” said Jennifer Motles, PMI’s chief sustainability officer.
Persons: , Elizabeth Mrema, David Craig, TNFD’s, , Capgemini, Aurélie, Philip Morris, Jennifer Motles, laurent gillieron, Gillon, Gucci, Zoe Balmforth, ” Balmforth, Joshua Kirby, joshua.kirby@wsj.com Organizations: Sustainable Business, United Nations, Force, Economic, World Bank, EU, Philip Morris International, European Union, Unilever Locations: , France, Montreal, Canada, Switzerland,
David Craig said he took his Tesla Model S on a 19-day road trip and slept in it almost every night. The Tesla owner said Camp Mode made his trip much easier and stress-free. A Tesla road trip? David Craig has been on a number of bucket list road trips over the years, but he told Insider he found a new perk when he took his Tesla Model S on a 8,500-mile road trip — Camp Mode. "I always know what I'm getting into when I camp in my Tesla," Craig said.
Persons: David Craig, Craig, I've, Tesla, they've Organizations: Camp, EV, Kia EV Locations: Southern California, Arizona , Texas , Arkansas, Kentucky, Tesla, California, Colorado, Kansas
Participants at a United Nations biodiversity summit under way in Montreal hope to hash out an agreement to help protect nature by pushing countries and businesses to minimize their environmental impact. Unlike the 2015 deal, the proposed biodiversity framework targets companies as well as nations. Biodiversity reporting would add to the challenge, particularly as the metrics are more varied and complex than carbon-emissions data. Biodiversity reporting has been done in different forms for many years. For instance, mining companies often enlist experts to produce an environmental impact report for governments before they start a project.
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