The EU Business @ Biodiversity Platform conducted an assessment of 10 initiatives on biodiversity metrics for businesses and financial institutions found in the platform.
The assessment was presented during the Business & Biodiversity – Roadmaps to positive impact event, which happened on November, during the Natural Capital Week, in Paris.
In the light of the growing attention for natural capital accounting and a clear demand for methodologies for including ecosystems and biodiversity into this calculation, several attempts – LIFE Methodology included – are ongoing to develop pragmatic biodiversity metrics for businesses and financial institutions.
The report focused on approaches which rely on quantitative indicators that provide information on the significance of impacts on biodiversity, and which are not case-specific. It also identifies the key obstacles faced by these approaches and the gaps that still need to be filled.
The report provides an overview of different methodological approaches and compares their key features. LIFE Methodology was mentioned as the only one among the assessed initiatives which considers ecosystem services in its approach.
The EU Business @ Biodiversity Platform provides a unique forum for dialogue and policy interface to discuss the links between business and biodiversity at EU level. It was set up by the European Commission with the aim to work with and help businesses integrate natural capital and biodiversity considerations into business practices.