Successful workshop on Biodiversity Metrics for Business and Finance
A workshop on biodiversity metrics for business discussed a range of selected initiatives on the development and application of biodiversity metrics for business 18 September.
Natural capital accounting is rapidly gaining interest at the level of businesses. The demand is therefore growing for generally accepted approaches to measure and value biodiversity performance of a company. While methods to calculate GHG emissions or water consumption in an corporate natural capital assessment are widespread, businesses are struggling to find ways for measuring their biodiversity performance that are on the one hand practical and pragmatic and on the other meaningful and relevant for biodiversity impacts and dependencies.
While attempts to develop biodiversity metrics for business are flourishing, the B@B Platform has taken the initiative to conduct a critical assessment of these (ongoing) efforts, shedding light on the obstacles faced and on remaining gaps. This workshop was an opportunity to share the outcomes of this assessment work and receive feedbacks.
The workshop agenda included the following topics:
Recent developments in the finance sector
- Biodiversity accounting to monitor for net gain target at portfolio level by Roel Nozeman (ASN Bank) & Wijnand Broer (CREM)
- Assessing the footprint of economic activities – Global Biodiversity Score by Joshua Berger (CDC Biodiversité)
- Common ground for biodiversity accounting, joint paper by 4 CoP F@B members by Colette Grosscurt (ACTIAM)
- IUCN Biodiversity Return on Investment Metric (BRIM) by Frank Hawkins (IUCN)
Recent developments in the business sector
- The Biodiversity Impact Metric for measuring land use impacts on biodiversity by Liam Walsh (Cambridge Institute for Sustainability Leadership) & Helen Crowley (Kering)
- The Product Biodiversity Footprint by Guillaume Neveux (I CARE), Jacques L’Haridon (L’Oréal)
- The Biodiversity Indicator for Extractive Companies by Annelisa Grigg (UNEP-WCMC)
- The Agrobiodiversity Index, as a proxy for biodiversity impact performance by agribusinesses by Dr. Roseline Remans (Bioversity International) & Fred Werneck (Clarmondial AG)
Workshop minutes will be published soon on this page!