This chapter describes how Swedish agri-food companies account for their impact on natural capital/ecosystem services and biodiversity. Sustainability reports or annual reports from 36 of the largest companies in the agri-food sector have been studied. Although most companies in the study have a more general attitude in their reports when discussing biodiversity, there seems to be an increased acknowledgement of the importance of biodiversity and nature’s contribution in the business community. No common regulations or guidelines for reporting of biodiversity, and lack of framework and a common definition, make it hard for companies to report in a uniform and comparable way.