The group has spotlighted the importance of environmental protection and restoration ahead of a world-first conference in Sydney.
The Global Nature Positive Summit will bring together leaders from the environment, corporate, research and government sectors and Indigenous communities.
The importance of environmental protection and restoration will be in focus at the summit. (Dave Hunt/AAP PHOTOS)
The three-day event will explore effective ways to address biodiversity loss and examine the systemic changes required to value nature.
It is also a show of commitment towards previously agreed goals adopted during the United Nations Biodiversity Conference in 2022.
Environment Minister Tanya Plibersek said the summit was a world first.
"It helps Australia set the global agenda for a nature-positive future," she said.
Conservationists, accountants, insurers and company directors from 11 organisations have called for a focus on workable solutions that support productivity and prosperity.
Australia has one of the world's highest extinction rates and a rich natural environment particularly sensitive to biodiversity risks, the group said.
"At the same time, nature underpins Australia's economy - with roughly half of Australia's GDP being moderately or highly dependent on nature and its services, either directly or indirectly," the group said in a joint statement, citing research from consultancy firm EY.
Australia's rich natural environment makes it particularly sensitive to biodiversity risks. (Dave Hunt/AAP PHOTOS)
Biodiversity loss could impact businesses and investors through supply chain disruptions and reputational risks from community backlash, the group said.
It is also inextricably linked to the drivers and impacts of climate change, which requires collective action to meet the nation's emissions reduction goals.
The group includes the Australian Climate and Biodiversity Foundation, Australian Institute of Company Directors, the Insurance Council of Australia and the Responsible Investments Association Australasia.
The summit, hosted by the Commonwealth and NSW governments, will begin in Sydney on Tuesday.
