A Future-Fit Business preserves the health of all natural resources it directly manages, as well as that of all ecosystems and communities impacted by sourcing activities it conducts itself (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. This includes but is 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 systematically damage surrounding ecosystems and communities.
- Respecting the welfare of animals.
- Avoiding conflict and human rights violations when mining valuable minerals.
To be Future-Fit a company must:
- Preserve the health of all natural resources it manages; and
- Protect the health of any ecosystems and communities impacted by harvesting and extraction activities.
Why this goal is needed...
Natural resources are being depleted by society at an unsustainable rate.
Currently, humanity’s annual use of renewable natural resources is 1.7 times that which can be regenerated over an entire year. In 2017, society had already used a year’s worth of available renewable resources by the 2nd of August.
We’re currently experiencing the worst incidence of species extinction 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 dozens going extinct every day.