Singapore

Following the launch of WWF’s landmark Global Futures Report into the economic impacts of nature loss, Olam Vice President of Corporate Responsibility & Sustainability, Chris Brown explains why such an approach is vital for business to better account for natural capital: The economic modelling approach in this groundbreaking study is exactly what businesses like Olam need to define what good looks like and where the safe space exists for operating within planetary boundaries. At the heart of the report is a clear business case for moving towards a ‘Global Conservation’ (GC) scenario, where GDP is no longer the main metric for success but instead, value is derived from protecting the natural assets that underline our economic prosperity. But as it stands, we as the agricultural sector are amongst the biggest contributors to the loss of these assets. We are also dependent on them. One in three bites of food requires a pollinator to be produced, yet a third of insect species are thr