A Future-Fit Business preserves the health of all natural resources it relies on, as well as that of all ecosystems and communities impacted by its sourcing activities (e.g. farming, fishing, hunting, rearing animals, mining).
What this goal means
As demand for natural resources increases, so does the pressure placed on the ecosystems, people and animals that contribute to their delivery. The emphasis here is on causing no harm as a result of the company’s own physical management and extraction of natural resources.
To be Future-Fit a company must:
- Preserve the health of all natural resources it manages;
- Protect the health of any ecosystems and communities impacted by harvesting and extraction activities.
Examples include but are not limited to:
- Harvesting renewable resources at rates that do not reduce nature’s capacity to regenerate them.
- Extracting non-renewable resources in ways that do not cause irreversible damage to surrounding ecosystems and communities.
- Respecting the welfare of animals.
- Avoiding conflict and human rights violations when mining valuable minerals.
Why this goal is needed...
Currently, humanity’s annual demand on nature is 1.7 times that which it can regenerate over an entire year.
In 2017, we had used as many renewable resources as the Earth can produce in one years by 2nd August.
We’re currently experiencing the worst spate of species die-offs since the loss of the dinosaurs 65 million years ago.
Extinction occurs at a natural “background” rate of about one to five species per year. Scientists estimate we’re now losing species at 1,000 to 10,000 times the background rate, with literally dozens going extinct every day.
Much of the world’s natural resources are heavily concentrated in a small number of areas, often facing huge environmental pressures.
60% of the world’s biocapacity is held by only ten countries that suffer most from heavy land and forest degradation.