Nature Frameworks with Camille and Jada, Xylo Systems
Aug 16, 2023
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Camille and Jada from Xylo Systems discuss nature frameworks, data requirements, and the potential shortcomings. They also explore their backgrounds, the urgency of saving endangered species, and the importance for businesses to consider biodiversity. They emphasize the need for supporting First Nations and Indigenous communities in the TNFD and highlight the Task Force for Nature-related financial disclosures.
Biodiversity loss poses significant risks to businesses and the global economy, emphasizing the need to quantify and evaluate impacts to make informed decisions and mitigate risks effectively.
Addressing biodiversity loss and implementing nature-positive strategies requires continuous progress, improvements in data collection and verification, and a commitment to meaningful stakeholder engagement.
Deep dives
Zylo Systems' Origin Story and Mission
Camille Goldstone Henry and Jada Anderson, co-founders of Zylo Systems, share their backgrounds and the motivation behind starting Zylo Systems. Camille's passion for wildlife conservation and Jada's love for nature led them to combine their expertise in conservation biology and mathematics to address the slow progress in species recovery efforts. They emphasize the urgent need to combat biodiversity loss, which has seen a 69% decline in wildlife populations in the last 50 years. Motivated to find new solutions, they established Zylo Systems as a biodiversity intelligence platform, offering insights to decision-makers across various sectors.
The Importance of Biodiversity and its Economic Value
Biodiversity provides essential ecosystem services that are vital for businesses and the global economy. Ecosystem services include pollination, erosion prevention, air quality, and food production. With an estimated economic value of $44 trillion, businesses depend on these services. However, the alarming reality of biodiversity loss poses significant risks. It is crucial to quantify and evaluate these impacts to make informed decisions and mitigate risks effectively. Zylo Systems aims to aggregate comprehensive biodiversity datasets, leverage remote sensing technologies, and develop scientifically validated metrics and models to facilitate accurate reporting and action.
The Task Force for Nature-related Financial Disclosures and Reporting Challenges
The Task Force for Nature-related Financial Disclosures (TNFD) is a framework designed to help businesses measure and report their impact on nature. While the TNFD is a step in the right direction, challenges remain. Data availability, particularly comprehensive and transparent data sets, presents a significant obstacle. Another challenge is ensuring that the TNFD effectively engages Indigenous peoples and local communities, whose knowledge and involvement are crucial. Overcoming these challenges will require continuous progress, improvements in data collection and verification, and a commitment to meaningful stakeholder engagement.
Progress over Perfection in Addressing Biodiversity Loss
Addressing biodiversity loss and implementing nature-positive strategies is a journey that requires progress over perfection. While the TNFD framework and other initiatives provide frameworks and guidelines, it is important to continuously improve and avoid greenwashing. Transparent communication of data, metrics, and modeling can help ensure accountability and credibility. It is essential to engage in conversations about improving frameworks, data collection, and the social aspects of biodiversity loss, particularly the involvement of Indigenous peoples and local communities. Celebrating the progress made and embracing a diversity of perspectives will drive positive change.
This week, we released the Nature Frameworks Report 2023, diving into the highly anticipated frameworks and initiatives setting the scene for how organisations will report on nature impacts.
In the final episode for Season 1 of the Nature Positive Network Podcast, hosts and Xylo Systems co-founders, Camille and Jada, dive deep into these frameworks, how we can use data to meet their requirements, and their hot-takes on where nature frameworks might be lacking.
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