The EU B@B Platform is pleased to announce the publication of the third report of the “Assessment of Biodiversity Measurement Approaches for Businesses and Financial Institutions” series. This 2021 report builds on the foundations established by the first two volumes (2018, 2019) and takes the next crucial step in the evolution of biodiversity measurement approaches – testing and evaluating these approaches.

The report introduces a Biodiversity Measurement Navigation Wheel – a pragmatic decision framework to help businesses select the most suitable measurement approaches for a specific business context.

Key features of the Biodiversity Measurement Navigation Wheel 1.0¹ are the following:

• It offers a ‘Fast Track’ approach as it allows for considering multiple criteria at once;
• It relies on easy-to-use overview tables full of information on how tools can be differentiated on specific criteria;
• It brings in new selection criteria such as information on accessibility, costs and efforts and the maturity level of tools based on the application frequency for specific business contexts; 
• It explicitly highlights the possibility to combine different approaches and metrics,
• It acknowledges the different perspective of the financial sector and made a start with an adapted version for that sector;
• It covers 19 biodiversity measurement approaches; and,

Last but not least, it has been built based on (updated) information from tool developers and on the thorough review of 16 quality reviewed and well elaborated case studies. These are an integral part of the Update Report 3 and will be featured individually on the Platform’s website.   

The report will be launched officially at a dedicated session of the We Value Nature 10-day business challenge. Join the authors and businesses who have already applied these approaches at the webinar on 16 March at 17:00 CET. The discussion will showcase the Biodiversity Measurement Navigation Wheel and the case studies and provide an opportunity for businesses to ask questions about these new tools.

The first and second reports in the Assessment of Biodiversity Measurement Approaches for Business and Financial Institutions are available online.