Percentage increase in insurance costs due to nature-related loss and damage in the previous year

Unit

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: Percentage (%)

Indicator

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: Business exposure to nature risks and opportunities

Metric type

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: Other

Framework alignment notes

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A8.3
T15

Target example

[Company name] aims to limit the annual increase in insurance costs due to nature-related loss and damages in the prior year to no more than 5%.

Target Source: WBCSD target template

Sector

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Pharmaceutical

Value chain stage

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Manufacturing

Metric assessment

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Relevance: Medium

Feasibility: Medium

Related actions

Carefully consider nature-related impacts, dependencies, risks and opportunities when establishing new operations, taking water risks and proximity to areas of significant biodiversity value into account. Embed biodiversity and water risk assessment criteria into the decision-making process when selecting new sites or expansions and prioritize action according to conservation hierarchy in locations that meet the criteria

Carefully consider nature-related impacts, dependencies, risks and opportunities when establishing new operations, taking water risks and proximity to areas of significant biodiversity value into account. Embed biodiversity and water risk assessment criteria into the decision-making process when selecting new sites or expansions and prioritize action according to conservation hierarchy in locations that meet the criteria

Description

Value chain stage

Manufacturing

Sector of stage operator

Pharmaceutical

How the action applies

Coming soon