NGOs in the Malaysian state of Sabah want oil palm companies and other land managers to plant Ficus species to increase habitat for threatened wildlife.
Led by Japan, Taiwan and Australia, Asia accounts for 42 per cent of global firms that intend to begin reporting against the Taskforce for Nature-related Financial Disclosures framework. But many still do not see nature as a material issue.
Rainforest countries from across three continents agreed at the Three Basins Summit in Brazzaville to work together to finance and protect their ecosystems – but failed to firm up a unified alliance.
British drugmaker GSK is the first company to commit to guidelines from the Taskforce on Nature-related Financial Disclosures, which will begin tracking adoption annually from 2024 onwards.