Incorporating nature’s services as a responsible, smart and viable business strategy
Andrew Liveris, chairman and ceo of The Dow Chemical Company and Mark Tercek, ceo of The Nature Conservancy have announced a joint collaboration between the organisations to help Dow and other companies recognise, value and incorporate nature into global business goals, decisions and strategies. One of the main objectives is to share all tools, lessons learned and results publicly and through peer review to enable other companies, scientists and interested parties to test and apply them.
“This collaboration is designed to help us innovate new approaches to critical world challenges while demonstrating that environmental conservation is not just good for nature – it is good for business,” says Liveris. “Companies that value and integrate biodiversity and ecosystem services into their strategic plans are best positioned for the future by operationalising sustainability. At Dow, we see sustainability as an adjective and one that we apply to almost everything we do: sustainable manufacturing, sustainable solutions and sustainable opportunities to constantly add to the quality of life for our communities and fellow citizens. Today, tomorrow, always.”
“This project is an example of the type of cooperation required to make real, long-term progress in protecting the earth’s natural systems and the services they provide people,” adds Tercek. “As the world population surges, it will take public and private sector collaboration like this to make the health of the environment not just an afterthought, but a fundamental consideration in everything we do in every part of our society. We hope that the results of this effort will demonstrate to other organisations and companies that incorporating nature’s services into decisions is a responsible, smart and viable business strategy.”
Dow and its foundation are committing $10m to the collaboration over the next five years.