BUSINESSES should be required to disclose their environmental impact to drive investment in nature restoration, the government has been urged.

The Green Alliance think tank is calling on ministers to set a timeline for mandatory nature reporting by companies, arguing that forcing them to share their impact would hold businesses accountable for their role in environmental destruction.

In a new report released today, the organisation said such measures could also help establish a new economic indicator that moves beyond gross domestic product (GDP) — which only focuses on value to the economy.