TEEB study calls for integration of biodiversity information into annual reports 13 Jul The Economics of Ecosystems and Biodiversity TEEB study is an international initiative to draw attention to the global economic benefits of biodiversity, to highlight the growing costs of biodiversity loss and ecosystem degradation, and to draw together expertise from the fields of science, economics and policy to enable practical actions moving forward. Chapter 3 of the report describes recent initiatives to enable businesses to measure, value and report their impacts and dependencies on biodiversity and ecosystem services, and outlines further work needed in this area. The report notes the IASB's existing recognition requirements are disconnected' from biodiversity reporting.
In contrast, less than 20 per cent of their counterparts teeb for business report 2010 western Europe share such concerns. The findings, compiled by a study of The Economics of Ecosystems and Biodiversity TEEBindicate that those corporate chiefs who fail to make sustainable management of biodiversity part of their business plans may find themselves increasingly out of step with the market place.
Another recent survey, also spotlighted in the TEEB report for business, shows rising interest among consumers with 60 per cent of those surveyed in America and Europe and over 90 per cent in Brazil aware of biodiversity loss. Over 80 per cent of those consumers surveyed said they would stop buying products from companies that disregard ethical considerations in their sourcing practices.
The "TEEB for Business" report indicates that scrutiny of big business and its impacts on the world's natural capital is likely to intensify as better evaluations and assessments come to the fore.
It is clear that some companies in some sectors and on some continents are hearing and acting on that message in order to build more sustainable, 21st century businesses".
How companies respond to these risks, realities and opportunities will increasingly define their profitability; corporate profile in the market-place and the overall development paradigm of the coming decades on a planet of six billion, going to over nine billion people by ".
In association with leading conservation experts the company has developed new ways of assessing the biodiversity values of its land holdings, and has begun to apply biodiversity compensation or 'offset' methodologies in Madagascar, Australia and North America.
Other companies with similar commitments on biodiversity include Walmart Acres for America initiativeCoca Cola water neutral by and BC Hydro no net incremental ecological impact.
In addition to minimizing and mitigating adverse impacts, business can also generate revenue from conserving biodiversity and delivering ecosystem services.
Agriculture, forestry and fisheries all depend on healthy ecosystems to ensure healthy profits. The tourism sector has a major stake and role to play in conserving biodiversity. The company actively supports park management as well as its own resort facilities.
The "TEEB for Business" report, which will form part of a final TEEB synthesis report to be launched at a meeting of the Convention on Biological Diversity in Nagoya, Japan in Octobercalls on professional associations to develop new accounting and reporting tools for business.
The measurement and valuation of biodiversity and ecosystem services in business is improving. The report recommends that accounting professions, financial reporting bodies and others should accelerate efforts to develop common standards and metrics to enable business to assess and disclose their biodiversity impacts and responses in annual reports.
Smart business leaders realise that integrating biodiversity and ecosystem services in their value chains can generate substantial cost savings and new revenues, as well as improved business reputation and license to operate. Steps in this direction are already being taken, as evidenced by the growth of markets for biodiversity and ecosystem services.
Market data compiled by Forest Trends and the Ecosystem Marketplace showed: Starting today, businesses can show leadership on biodiversity and ecosystem services by: Identifying their impacts and dependencies on biodiversity and ecosystem services Assessing the business risks and opportunities associated with these impacts and dependencies Developing BES information systems, set targets and report results Taking action to avoid, minimize and mitigate BES risks Grasping emerging BES business opportunities Integrating BES actions with wider Corporate Social Responsibility initiatives Engaging with business peers and stakeholders to improve guidance and policy The TEEB for Business report will be launched at the first Global Business of Biodiversity Symposium on 13 July at the Excel Centre, London.1st Global Business of Biodiversity Symposium London, 13 July The Economics of Ecosystems and Biodiversity: Report for Business Editors: Joshua Bishop (IUCN), Cornis van der Lugt (UNEP), Francis Vorhies (Earthmind).
TEEB for Business report 発行 PARK(ing) Day ; TEEB for Business report 発行. TEEB in Business and Enterprise () – an analysis and guidance on how business and enterprise can identify and manage their biodiversity and ecosystem risks and opportunities.
TEEB Synthesis Report () – an introduction to the approaches used and recommendations on how to mainstream the economics of nature into decision-making.
Summary. Business and enterprise have a huge role to play in how we manage, safeguard and invest in our natural capital.
This report is aimed squarely at this sector and will provide practical guidance on. Get this from a library! The economics of ecosystems and biodiversity report for business: executive summary..
[Programme des Nations Unies pour l'environnement.;]. The Economics of Ecosystems and Biodiversity (TEEB) is a global initiative focused on drawing attention to the () as part of the TEEB study (Kumar, ). As we describe below, the current database has been subject to limited review and amendment and also transferred to a spreadsheet format.
The database brings together a global sample.