The severity of the situation requires immediate action and a fundamental transformation of our relationship with the Earth to halt biodiversity loss and protect ecosystems for the benefit of all. According to the Red List Index, which tracks data on more than 20,000 species of mammals, birds, amphibians, corals and cycads, the risk of species extinction has worsened by about 10 per cent over the last 25 years. The Index declined from 0.82 in 1993 to 0.74 in 2018. Further, the latest report of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services noted that biodiversity is declining faster than at any other time in human history.