Explore the resources below to assist in completing this action.
Biodiversity Guidance action 9.2.1
9.2.1 Apply and act upon the results
At this point, your natural capital assessment will have identified biodiversity-related risks and opportunities, building upon the assessed impacts and dependencies, which should be used to inform a series of corporate actions in relation to biodiversity. This could include actions related to your business sector, your operations, or your strategy, or alternatively, it could include creating a new biodiversity target within your company or sector.
Table 9.1 lists examples of company actions that may be taken following a biodiversity-inclusive natural capital assessment, and refers to the relevant Business Applications outlined in the Scoping Guidance.
Click here to see how a water company is restoring habitats its business operations are dependent on.
Example company action based on assessment results | Based on assessed impacts or dependencies | Business Application |
Biodiversity-informed procurement strategy Consider changing procurement strategy for upstream materials to reduce operational and financial risk (e.g., sourcing products with lower risk based on their biodiversity dependency). Provides an opportunity to be a leading business addressing biodiversity-related risks within your supply chain, increasing market competitiveness, and reducing reputational risk. | Dependencies | BA4: Compare options |
Disclosure of biodiversity assessment Disclosure of assessment results to stakeholders provides evidence of biodiversity impacts and dependencies, increased transparency, and potential reduction of reputational risks. | Impacts/dependencies | BA5: Biodiversity accounting for internal reporting and/or external disclosure |
Biodiversity certifications Work towards gaining relevant biodiversity certifications for production/sourcing of commodities which have increased risk (through high dependency and impact on biodiversity) to improve data collection and monitoring as well as reduce reputational and market risk. | Impacts | BA6: Certification by third parties |
Support biodiversity restoration Support biodiversity restoration efforts where these support business operations (e.g., restoring pollinator-supporting habitats, to reduce operational and financial risk). | Dependencies | BA7: Screening and assessment of biodiversity risks and opportunities |
Invest in natural infrastructure Enhance natural infrastructure across business operations (e.g., use of forests in flood defense schemes to reduce operational and financial risk, restoration of wetlands to improve water quality and reduce treatment costs, and to support market competitiveness. | Dependencies | BA7: Screening and assessment of biodiversity risks and opportunities |
As a result of your biodiversity-inclusive natural capital assessment, you may wish to set a biodiversity target to manage your biodiversity risks and opportunities. This could be because:
- You recognize that the actions you want to implement will be more effective, cohesive, and impactful if they contribute to a specific biodiversity target.
- You have identified several interconnected issues through your biodiversity-inclusive natural capital assessment (including feedback loops between impacts and dependencies) which warrant a combined approach, guided by a specific target.
- You want to respond to momentum and pressure around target setting in the context of businesses contributing to the Sustainable Development Goals (SDGs), the future global biodiversity framework under the Convention on Biological Diversity (CBD), or as a result of lessons from your own company and/or businesses setting targets on climate change.
- Setting a specific biodiversity target may have been the objective of your biodiversity-inclusive natural capital assessment from the outset.
Target setting can be challenging, but can also help to provide direction to a business’s activities. The following section provides guidance to help you understand the existing frameworks, how you might adhere or contribute to them, and how to go about creating your target.
a. What existing frameworks are there to guide your biodiversity target?
There are currently a range of existing targets and frameworks that you can use to inform the development of your own biodiversity targets. These include global goals and targets set by governments, such as the Sustainable Development Goals (SDGs) or those of the Convention on Biological Diversity (CBD). These global goals have also led to the development of national targets and priorities such as those within National Biodiversity Strategy and Action Plans (NBSAPs). No net loss or net gain commitments and policies are specific targets that are set by individual companies, financial institutions, as well as governments, and are inferred within the draft post-2020 global biodiversity framework. They can apply to different components of biodiversity including species and habitats, and a number of metrics have been developed to support implementation (refer to Measuring and Valuing Guidance action 6.2.5 for more information on metrics). Some examples of these current frameworks and targets are outlined below in table 9.2, however this list is not exhaustive. Please refer to the EU Business @ Biodiversity Assessment Update Report 2 (2019) table 5 for more information on additional frameworks such as environmental management systems (ISO 14001, EMAS), voluntary standards at a sector/product level (e.g. Roundtable on Sustainable Palm Oil), and others.
UN Sustainable Development Goals | Global goal |
SDG Goals 14 and 15 focus on the protection of biodiversity and ecosystems within marine and terrestrial environments. In addition to these two Goals, the remaining 15 SDGs also include biodiversity-explicit targets (CBD 2020a). | |
Benefits | Limitations |
Provides a comprehensive list of indicators to measure progress towards a number of easily understood goals. Ecosystem services are essential for several of the SDGs, making this framework useful for companies that want to conserve ecosystem services (Wood et al. 2018). | Not designed with businesses in mind. Some of the information used for these indicators would be particularly difficult for businesses to access/obtain. However, there are examples for how businesses can adhere to these goals (United Nations Global Compact and KPMG 2015). |
Aichi Targets (and the post-2020 biodiversity framework) | Global goal |
There are twenty Aichi Targets, covering the period 2011-2020, which were established at a global level but with a flexible framework to allow integration into national or regional targets. Due to the flexible framework, individual countries were able to set their own targets and ensure their national needs and priorities were integrated. The Convention on Biological Diversity will meet in Q2/Q3 2021 to adopt the post-2020 global biodiversity framework (CBD 2019) to replace the Aichi Targets. The framework will provide a pathway towards achieving the 2050 Vision of “Living in harmony with Nature” and aims to provide realistic, measurable, and time-bound targets with respective indicators and clear ways to report, monitor, and produce baselines. | |
Benefits | Limitations |
Global policy framework adopted by all Parties to the Convention on Biological Diversity. | The Aichi Targets are difficult for businesses to engage with, however there are plans to address this within the proposed post-2020 global biodiversity framework (CBD 2019). |
Science Based Targets for nature | Global goal |
Targets which define and promote best practice for businesses by accounting for the five Earth systems: climate, fresh water, land, ocean, and biodiversity (SBTN 2020). Note that while companies can already set science based targets for climate, Interim Guidance on science based targets for nature, including biodiversity, will be launched in late 2020. | |
Benefits | Limitations |
Actor-based targets specifically designed for businesses, and linked to global policy goals. | Not yet defined for biodiversity. |
National Biodiversity Strategy and Action Plans (NBSAP)s and related biodiversity policies | National goal/company-led goal |
As part of the CBD, under Article 6 of the Convention of General Measures for Conservation and Sustainable Use, each Party member creates a national strategy, plan, or program on: how, when, and where biodiversity and ecosystem services should be conserved, used sustainably, and the benefits of their use shared equitably. NBSAPs can serve as a policy driver to set a country on the right track to meet its biodiversity and environmental objectives, which are outlined within the country’s own environment policy. Subnational Biodiversity Strategies and Action Plans (SBSAPs) and Regional Biodiversity Strategies and Action Plans (RBSAPs) have also been developed within the framework of the CBD. The CBD online database can be used to see whether a country has a NBSAP or a national target (CBD 2020b). As well as NBSAPs, SBSAPs, and RBSAPs, individual companies or countries can develop Biodiversity Action Plans (BAPs) to help protect and enhance biodiversity. Click here to see how a property development business has adhered to global and national targets when creating an internal biodiversity strategy. | |
Benefits | Limitations |
Contributing to global biodiversity targets which are set under the CBD through national-scale policies/targets. With the importance of businesses aligning with national priorities in countries of operation, adhering to NBSAPs provides direction for how this can be achieved. | Framework can be difficult for businesses to engage with as many NBSAPs lack clear targets and businesses often operate in multiple countries and therefore need to respond to multiple NBSAPs. |
No net loss and net gain (mitigation hierarchy) | National goal/company-led goal |
The target of no net loss or net gain of biodiversity depends on adherence to the mitigation hierarchy (BBOP 2012b). Commitments to no net loss and net gain have gained interest in national policies such as those of the United Kingdom and Uganda (Department for Environment Food and Rural Affairs, 2019; National Environment Management Authority, 2019). More details can be found in the Framing Guidance. Click here to see how a construction company has used no net loss to create biodiversity targets. | |
Benefits | Limitations |
Methodology is well developed for certain applications making this easier for businesses to use (e.g., by the Business and Biodiversity Offsets Programme and the Cross Sector Biodiversity Initiative). Can achieve successful outcomes for activities which are highly localized, such as mining (IUCN 2020), infrastructure, and building development, but also activities which are not site-specific, such as supply chains (Aiama et al. 2015) and the banking sector (ASN Bank 2020). | There is a need to ensure that these strategies benefit people as well as biodiversity and principles have been developed to support this (IUCN 2018). There are also a range of potential limitations related to the offsetting component of these strategies, since not all impacts can be compensated for (e.g., highly threatened species or those with extremely long recovery times such as coral reefs and ancient woodlands). A number of guidance materials are available to help address these limitations, including a framework to assess the achievability of offsetting within a given area (Gardner et al. 2013). |
Planetary boundaries | Company-led goal |
This concept includes nine processes which regulate the stability of the Earth’s systems, to ensure the survival of humanity (Stockholm Resilience Centre 2020). Crossing boundaries “beyond zones of uncertainty” disrupts the balance between these processes, which may lead to increased risk of large-scale abrupt or irreversible environmental challenges. One of these boundaries explicitly addresses biodiversity loss – “Loss of biosphere integrity.” Click here to see how a food production company has used the planetary boundaries framework to assess their biodiversity footprint. | |
Benefits | Limitations |
Can help businesses to understand how their specific biodiversity targets are contributing to global Earth systems. Can also be used to support implementation of Sustainable Development Goals related to nature (PBL NEAA 2018). | As a rapidly evolving area, there are challenges in applying the planetary boundaries concept and framework in its current form into clear targets, actions, and operational tools for the business community (Cambridge Institute for Sustainability Leadership 2019). For example, the “tipping points” for biodiversity are undefined (Montoya et al. 2018) and the current data do not include global processes and/or rates of extinction (Montoya et al. 2018), leading to difficulty in assessing the global implications of a company’s biodiversity target and quantifying a biodiversity target. Despite this, there have been some efforts by businesses to scale planetary boundaries at a landscape scale (Lammerant et al. 2016, Pictet Asset Management et al. 2020). A recent review of life-cycle-based methods for absolute environmental sustainability assessment and their applications has resulted in a new methodology, which provides detailed steps on when to choose, apply, and communicate the results of the planetary boundary framework (or other methods relating to other life cycle impact assessments (LCIA) (Bjørn et al. n.d)). |
b. How can you adhere to global and national biodiversity targets?
Global biodiversity targets, such as the Aichi Targets and Sustainable Development Goals, set out broad goals which can be used to create your own biodiversity targets. However, these are not designed for businesses and do not lend themselves to corporate needs. Ideally, you should aim to align company biodiversity targets with national targets and priorities, as these can support global biodiversity goals. Since these reflect the specific priorities of each country, multinational companies will need to adhere to the priorities of the countries in which they operate but would not create a corporate biodiversity goal related to a single national target. Due to the lack of clarity on what constitutes a “good” biodiversity goal you should consider expert input or stakeholder consultation particularly important (refer to the Protocol page 106), as well as industry benchmarking to ensure your targets are appropriately positioned against peers. Biodiversity targets being developed for the CBD’s post-2020 global biodiversity framework have emphasized the need for Specific, Measurable, Ambitious, Realistic, and Time-bound (SMART) targets.
The results of a natural capital assessment can aid in setting targets for businesses by helping identify where your most significant impacts and dependencies on biodiversity are, how these can be addressed, and where opportunities lie for positive actions. Company-specific targets can be used to drive action and demonstrate alignment to global conservation goals. Global biodiversity commitments can be extrapolated to your business by addressing your impacts and dependencies on biodiversity across your value chain. Businesses should also aim to align activities to support other environmental targets too, such as goals related to nature-based solutions, nature’s contribution to people, and climate change.
For examples of how international or national biodiversity goals can be translated into corporate goals see table 9.3 which has been adapted from the Joint Nature Conservation Committee (Smith et al. 2018). By identifying your business impact and dependencies on biodiversity, the results of your natural capital assessment can be used to inform your corporate biodiversity goal and business actions.
Please note: As international negotiations continue to set the new global agenda for biodiversity, the hypothetical international and national biodiversity goals provided below as an example might lose their relevance.
Hypothetical international biodiversity goal | Possible corporate/financial institution biodiversity goals | Example business actions |
---|---|---|
By 2050, increase the area, connectivity, and integrity of natural ecosystems (terrestrial, freshwater, and marine) by at least [X]%, whilst reducing the number of species which are threatened by [X]% and maintaining genetic diversity | Set a target to achieve net gain of biodiversity by: Increasing the area, connectivity, and integrity of natural ecosystems by at least [X]% within your company’s area of influence. Increasing the population of threatened species by [X]% to maintain and enhance species abundance within your company’s area of influence. | Avoid negative impacts on or deliver net gains to critical habitats and threatened species. For example, through protection or restoration of critical habitats and /or addressing other threats to threatened species by 2030. Reduce pressures on natural ecosystems by using sustainable agricultural practices such as perennial cropping systems for commodity production, no use of banned agrochemicals, and soil conservation practices by 2030. Establish privately protected areas, Ramsar sites, or other effective area-based conservation measures (OECMs) within your company footprint, with area of the site to be at least [X]% of the total area which you use for your site-based activity. Ensure at least [X]% of protected areas, Ramsar sites, or OECM areas are to be under strict protection, to maintain connectivity for threatened species and reduce threats to species at risk of extinction by 2030. |
Value, maintain, or enhance nature’s contribution to people through conservation and sustainable use | Enhance nature’s contribution to sustainable nutrition and food security, access to safe drinking water, and resilience to natural disasters within your company’s area of influence. Enhance nature’s value through green investments and private sector financial disclosure within your customer’s footprint. | Increase the portion of responsibly-sourced paper (recycled or PEFC/FSC certified), where certified forest areas are managed sustainably, and the impacts on water quality are verified, within your operations and or/supply chain by at least [X]% by 2030. Mobilize [X million USD] for blended finance opportunities to fund conservation and sustainable use of biodiversity projects up to 2050. As a financial institution, by 2030, ensure that [X]% of your portfolio is certified or in the process of certification through voluntary sustainability schemes or industry standards that effectively safeguard biodiversity. Additionally, ensure that [X]% of your financial transactions are conducted with stakeholders who have publicly disclosed their dependency and impact on nature. Avoid and reduce pollution by [X]% from excess nutrients, biocides, plastic debris (compared to 2020 baseline amount) into freshwater sources by 2030 within your company footprint. Design freshwater infrastructure and/or nature-based solutions with beneficial environmental flows within [X]% of your company footprint and implement by 2030. For example, create fisheries downstream of a hydroelectric dam to improve water quality for freshwater biodiversity. |
Setting and working towards biodiversity targets is not only important to preserve and enhance biodiversity in its own right, but also for the role these targets play in broader sustainability goals.
As illustrated in figure 1.1 of the Framing Guidance, biodiversity is the critical foundation for a healthy, resilient stock of natural capital. Figure 9.1 builds on this to illustrate how this natural resource base (underpinned by biodiversity) supports sustainable production and consumption and ultimately societal well-being for current and future generations. Goals to preserve and enhance biodiversity therefore also contribute to, and are interconnected with, broader sustainable development goals focusing on natural resources, the economy, and ultimately societal well-being
Figure 9.1 illustrates one way in which the Sustainable Development Goals (SDGs) can be allocated across these layers. Achieving biodiversity goals underpins many actions needed to meet the SDGs (e.g., preserving and enhancing biodiversity supports SDG 14 Life Below Water, which in turn supports SDG 2 Zero Hunger, and this underpins SDG 3 Good Health and Well-Being).
These relationships are more apparent when considering biodiversity target setting as one part of the application of a broader biodiversity-inclusive natural capital assessment, and broader still, social and human capital assessments.

As well as adhering to global biodiversity goals, you can align your biodiversity targets with regional, national, and subnational biodiversity strategies, such as National Biodiversity Strategies and Action Plans, Subnational Biodiversity Strategies and Action Plans, and Regional Biodiversity Strategies and Action Plans.
To assess whether you want to adhere to regional, national, or subnational biodiversity frameworks, you should consider:
- The next CBD Conference of the Parties (COP) will agree a new post-2020 global biodiversity framework, resulting in countries revising their National Biodiversity Strategies and Action Plans (NBSAPs).
- Does your business have project sites and supply chains across multiple regions and/or countries or is your business within one country only? Note that specific policies and legal and regulatory requirements will be biodiversity- and country-specific.
Once you have decided whether a regional, national, or subnational biodiversity framework is suitable, you can develop your policy, strategy, or management plan to include corporate biodiversity targets based on the possible options in table 9.3 and actions in the subsequent section of this Guidance.
c. How do you create a biodiversity target?
As global biodiversity goals are being developed, companies have created biodiversity targets internally using no net loss or net gain (Rainey et al. 2015) in line with guidance developed to assist this process (BBOP 2018). These targets aim to match the negative biodiversity impacts which occur as a result of a project, portfolio, or supply chain, with biodiversity gains. Habitat- or threat-specific targets such as zero deforestation or zero net deforestation are also used by companies to address land conversion (IUCN 2015).
The following provides a hypothetical example of a company wanting to manage their impacts and dependencies on biodiversity by achieving no net loss in response to a natural capital assessment, and as a means to contribute to a global biodiversity goal:
- The results of your natural capital assessment suggest that you have a high impact on a particular species due to habitat destruction as a result of your activities in one site and/or supply chain. The species has legal protection and impacting it has a reputational and operational risk associated with it. You want to reduce your impact on the species at the site to manage these risks.
- You will need to select relevant frameworks to inform the setting of your biodiversity target, (table 9.2 provides a non-exhaustive list of examples, with further frameworks sign-posted in this Guidance). Assess whether you can work towards global or national/regional biodiversity goals and/or create internal biodiversity targets. Use table 9.3 to consider the business actions you can take in relation to the biodiversity framework you have selected. Since you want to reduce your impact, you may decide to use no net loss as a target. If you wish to deliver a positive impact, net gain would be more suitable. You identify that adopting no net loss or net gain will help you to contribute towards global biodiversity goals through supporting protection and restoration of critical habitats for threatened species.
- Use the results of your natural capital assessment to identify business actions which could avoid or otherwise minimize impacts on biodiversity at the site. The results of your natural capital assessment or detailed species assessments can be used to establish a baseline against which no net loss or net gain of biodiversity can be measured.
- Impacts that cannot be avoided or minimized can be mitigated using restoration. Any residual negative impacts on the species need to be balanced with conservation action. This requires restoring or averting loss of the same habitat that is negatively impacted elsewhere. Stakeholder consultation will be important at this stage. No net loss and net gain strategies can be supported using a Natural Capital Account (eftec 2015a; CISL 2016) or a Biodiversity Natural Capital Account (Dickie et al. 2018) to track stocks, flows, and costs associated with actions. These frameworks are similar to financial and national accounting, making it easier for businesses to understand the benefits. The net changes to biodiversity, its value and the costs associated with actions can be tracked during multiple stages of the project, indicating whether your no net loss / net gain actions are on track. Using Natural Capital Accounts or Biodiversity Natural Capital Accounts, or a similar approach, and considering all limitations, you may decide to set your target for a 20-year period (i.e., no net loss or net gain of that species within your supply chain or at a particular site by 2040). Click here to see how a construction company has used this approach to develop no net loss biodiversity targets
- You will then need to ensure you monitor and track progress towards your target by assessing population changes at appropriate intervals (intervals will depend on the species being monitored). Your contributions towards global biodiversity goals can be disclosed.
While the hypothetical case study above focuses on managing impact, a similar approach could be taken for dependency (e.g., recognizing the value of maintaining biodiversity through nature-based solutions). For example, an energy company operating the water supply of a hydroelectric dam could adopt a nature-based solution through funding restoration of wetlands high in the watershed with diverse native vegetation in order to increase water storage. This is expected to improve the reliability of downstream water flows throughout the year, despite climate uncertainty.
For business actions which involve supply chains, commitments towards zero deforestation and/or reducing negative land-use change impacts, for example, will require close collaboration with suppliers on targets to ensure that these can be successfully achieved. This can be done through commitments such as adopting voluntary certification standards that effectively address the threat of land conversion; reducing exposure to deforestation/land-use impacts; assessing company sourcing codes; supporting clients with improving their sustainability policies, reviewing clients’ reporting and disclosure and monitoring frameworks. Collaboration can provide a platform for innovation in ways to produce products that have fewer impacts on biodiversity. Additionally, integrating suppliers as part of the development of a target contributes to the process of due diligence, and reduces reputational and operational risks of your organization (UNGC and IUCN 2012).
Steps for how to plan, implement, assess, and update a no net loss or biodiversity commitment to support the development of an internal biodiversity target can be found within the Application Guidance Annex.
Company example: Water companyA major water company in the United Kingdom has engaged with habitat restoration programs that support their business operations.
The company recognized their dependency on the ecosystem service of clean water provision, but found the quality of the water collected in their catchment areas to be deteriorating over time, increasing operational costs of water treatment. They conducted a natural capital assessment to assess their dependence on healthy peatland habitats in providing clean water. The water company realized that degraded peatlands increase soil erosion and therefore water sedimentation. This led to the need for peatland habitat restoration within catchment areas to potentially reduce operational costs.
In response, restoring these habitats was integrated into their Biodiversity Action Plan, and the company engaged with relevant stakeholders and regulatory bodies in a multi-partner peatland restoration program. In doing so, they also fulfilled regulatory requirements for catchment management, reducing operational as well as legal and regulatory risk, whilst also demonstrating to external stakeholder their positive influence on biodiversity.
A major water company in the United Kingdom has engaged with habitat restoration programs that support their business operations.
The company recognized their dependency on the ecosystem service of clean water provision, but found the quality of the water collected in their catchment areas to be deteriorating over time, increasing operational costs of water treatment. They conducted a natural capital assessment to assess their dependence on healthy peatland habitats in providing clean water. The water company realized that degraded peatlands increase soil erosion and therefore water sedimentation. This led to the need for peatland habitat restoration within catchment areas to potentially reduce operational costs.
In response, restoring these habitats was integrated into their Biodiversity Action Plan, and the company engaged with relevant stakeholders and regulatory bodies in a multi-partner peatland restoration program. In doing so, they also fulfilled regulatory requirements for catchment management, reducing operational as well as legal and regulatory risk, whilst also demonstrating to external stakeholder their positive influence on biodiversity.
Company example: Property developerA major property developer and owner, manager, and developer of retail destinations across Europe launched a Net Positive target in response to the United Kingdom’s Biodiversity Action Plan which responds to the Convention on Biological Diversity.
The company aimed to improve new development and existing maintenance with regards to biodiversity across their land holdings to meet their target by 2030. The strategy aimed to deliver positive carbon, water, resource use, and socioeconomic impacts across all UK and international operations by 2030 and focused on biodiversity given its integral role in reducing carbon emissions through increasing the size and quality of carbon sinks.
The company’s biodiversity action plan aimed to ensure that biodiversity targets were considered across supply chains. The property developer used the UK’s Biodiversity Action Plan species and habitat list, and conservation targets, to identify individual species which were related to its own operations, to improve the quality and quantity of biodiversity at specific sites. As part of their Biodiversity Action Plan, ecological appraisals and impact assessments of all new developments were conducted to ensure appropriate mitigation steps were considered.
This delivered multiple benefits such as expedited regulatory processes, increased operator satisfaction, lower operational costs, and increased footfall for retail outlets.
A major property developer and owner, manager, and developer of retail destinations across Europe launched a Net Positive target in response to the United Kingdom’s Biodiversity Action Plan which responds to the Convention on Biological Diversity.
The company aimed to improve new development and existing maintenance with regards to biodiversity across their land holdings to meet their target by 2030. The strategy aimed to deliver positive carbon, water, resource use, and socioeconomic impacts across all UK and international operations by 2030 and focused on biodiversity given its integral role in reducing carbon emissions through increasing the size and quality of carbon sinks.
The company’s biodiversity action plan aimed to ensure that biodiversity targets were considered across supply chains. The property developer used the UK’s Biodiversity Action Plan species and habitat list, and conservation targets, to identify individual species which were related to its own operations, to improve the quality and quantity of biodiversity at specific sites. As part of their Biodiversity Action Plan, ecological appraisals and impact assessments of all new developments were conducted to ensure appropriate mitigation steps were considered.
This delivered multiple benefits such as expedited regulatory processes, increased operator satisfaction, lower operational costs, and increased footfall for retail outlets.
Company example: Construction companyA construction company used a natural capital approach at the initial stages of a project to value community benefits derived from achieving biodiversity net gain.
The corporate natural capital accounting (CNCA) framework was adapted to measure wider environmental impacts to achieve biodiversity net gain, leading to the development of the Biodiversity Net Gain in Natural Capital Accounting framework. Using this framework, the initial impacts of a project and mitigation approaches including biodiversity offsets were highlighted. The output of this framework is a balance sheet which includes: i) net changes to biodiversity, ii) net changes to the value of natural capital assets, and iii) changes to cost at the sites (where the mitigation measures were implemented). For net changes to biodiversity, the Key Performance Indicator used was the official UK biodiversity metric, to quantify losses and gains of biodiversity following mitigation. The benefit of this approach is that these balance sheets can be produced before, during, and/or after implementation of a project, enabling the business to consistently track progress and adapt mitigation measures accordingly.
Before the construction project began, an assessment was conducted to identify the net natural capital value of the project to provide a baseline to compare the biodiversity loss against once the project was underway. The developer of the project invested in five biodiversity offsets which resulted in a small increase in biodiversity units, as well as increases in community benefits.
A construction company used a natural capital approach at the initial stages of a project to value community benefits derived from achieving biodiversity net gain.
The corporate natural capital accounting (CNCA) framework was adapted to measure wider environmental impacts to achieve biodiversity net gain, leading to the development of the Biodiversity Net Gain in Natural Capital Accounting framework. Using this framework, the initial impacts of a project and mitigation approaches including biodiversity offsets were highlighted. The output of this framework is a balance sheet which includes: i) net changes to biodiversity, ii) net changes to the value of natural capital assets, and iii) changes to cost at the sites (where the mitigation measures were implemented). For net changes to biodiversity, the Key Performance Indicator used was the official UK biodiversity metric, to quantify losses and gains of biodiversity following mitigation. The benefit of this approach is that these balance sheets can be produced before, during, and/or after implementation of a project, enabling the business to consistently track progress and adapt mitigation measures accordingly.
Before the construction project began, an assessment was conducted to identify the net natural capital value of the project to provide a baseline to compare the biodiversity loss against once the project was underway. The developer of the project invested in five biodiversity offsets which resulted in a small increase in biodiversity units, as well as increases in community benefits.
Company example: Food companyA food processing company used the planetary boundaries framework to examine their biodiversity impact in relation to the cultivation of two major crops: soya and almonds. The aim of the assessment was to better understand how cultivation of these specific commodities is linked to biodiversity loss and to develop a roadmap to reduce biodiversity loss and contribute to a resilient ecosystem.
The “biodiversity boundary” — known as biosphere integrity — is composed of functional diversity and genetic diversity. This boundary was downscaled to three specific site locations where the biodiversity footprint was assessed for one liter of soya and almond drink without packaging. The mean species abundance of original species (MSA) metric was used as an indicator to measure the biodiversity at baseline and future scenario levels where different management practices and intensities were implemented (refer to Measuring and Valuing Guidance action 6.2.5 for more information on this metric). The metric was used within a biodiversity footprint methodology based on the GLOBIO framework of the Netherlands Environmental Assessment Agency (PBL). This evaluates the impact on biodiversity from pressure factors: land-use intensity, climate change, nitrogen deposition, and fragmentation. As these impacts can be linked to specific companies and production chains, this methodology is useful to understand cultivation impacts on biodiversity.
Once methodologies were determined, the boundary and targets for loss of biodiversity could be set. Since it is not possible to attain zero loss of natural biodiversity with any agricultural production process, the company focused on identifying the main sources of impact on biodiversity and ways to reduce this impact.
Results demonstrated that higher productivity leads to a reduced biodiversity footprint, revealing a trade-off between extensive land management practices and the need to maintain a balance between agricultural output and loss of biodiversity at a local level.
As a result of the pilot, the company proposed 15 interventions to reduce biodiversity impacts for both soya and almond farming, as well as to stay within other planetary boundaries. These interventions included agroforestry, building corridors, cover cropping, crop rotation, and ecosystem management plans. The food processing company aims to use planetary boundaries and the GLOBIO methodology for a larger pilot, to further develop the methodology and to include farmers and affected stakeholders within interventions to mitigate negative impacts on biodiversity.
A food processing company used the planetary boundaries framework to examine their biodiversity impact in relation to the cultivation of two major crops: soya and almonds. The aim of the assessment was to better understand how cultivation of these specific commodities is linked to biodiversity loss and to develop a roadmap to reduce biodiversity loss and contribute to a resilient ecosystem.
The “biodiversity boundary” — known as biosphere integrity — is composed of functional diversity and genetic diversity. This boundary was downscaled to three specific site locations where the biodiversity footprint was assessed for one liter of soya and almond drink without packaging. The mean species abundance of original species (MSA) metric was used as an indicator to measure the biodiversity at baseline and future scenario levels where different management practices and intensities were implemented (refer to Measuring and Valuing Guidance action 6.2.5 for more information on this metric). The metric was used within a biodiversity footprint methodology based on the GLOBIO framework of the Netherlands Environmental Assessment Agency (PBL). This evaluates the impact on biodiversity from pressure factors: land-use intensity, climate change, nitrogen deposition, and fragmentation. As these impacts can be linked to specific companies and production chains, this methodology is useful to understand cultivation impacts on biodiversity.
Once methodologies were determined, the boundary and targets for loss of biodiversity could be set. Since it is not possible to attain zero loss of natural biodiversity with any agricultural production process, the company focused on identifying the main sources of impact on biodiversity and ways to reduce this impact.
Results demonstrated that higher productivity leads to a reduced biodiversity footprint, revealing a trade-off between extensive land management practices and the need to maintain a balance between agricultural output and loss of biodiversity at a local level.
As a result of the pilot, the company proposed 15 interventions to reduce biodiversity impacts for both soya and almond farming, as well as to stay within other planetary boundaries. These interventions included agroforestry, building corridors, cover cropping, crop rotation, and ecosystem management plans. The food processing company aims to use planetary boundaries and the GLOBIO methodology for a larger pilot, to further develop the methodology and to include farmers and affected stakeholders within interventions to mitigate negative impacts on biodiversity.
Annex: Plan, implement, assess, and update your biodiversity commitment
Steps to plan, implement, assess, and update a no net loss (or biodiversity net gain) or biodiversity commitment to support the development of an internal biodiversity target (Ideas adapted from Business Planning for Biodiversity Net Gain: A Roadmap (BBOP 2018), United Nations Global Compact and KPMG 2015, and United Nations Global Compact and IUCN 2012).
Note that the Assess and Update steps should be completed iteratively to ensure actions are continually being improved and to build internal capacity (de Silva et al. 2019).
Plan
Assess the results of your natural capital assessment on biodiversity. The results will provide you with an indication of the risks within your company, and whether there is a high dependency or impact on biodiversity.
Commit to achieve no net loss (or biodiversity net gain) or another biodiversity commitment. Assess your current commitments, processes, and tools which could be related to committing to no net loss or net gain. These would be identified during the Scoping Stage. The activities or business units which are relevant to a no net loss commitment will be revealed during the natural capital assessment. Use this information to define the biodiversity features for which no net loss or biodiversity net gain is going to be achieved.
The results of the natural capital assessment will indicate the drivers for high impact/dependency on biodiversity. Depending on your business, the areas of impact/dependency may be site-specific, across whole supply chains, or both.
Assess whether no net loss or another biodiversity commitment can be integrated within existing policy, strategy, or management areas (e.g., commitments to water quality and sustainable development) or whether there is potential for business activities to contribute to more than one goal simultaneously (e.g., biodiversity and climate change goals). Additionally, assess whether the company has capacity to deliver no net loss or net gain, or whether additional tools and resources are needed.
Identify team members to steer the planning process and map internal and external stakeholder groups. In particular, include vulnerable and local stakeholder groups within this process to ensure local knowledge is reflected. Integrate action early within processes, especially for high dependency/impact activities outlined from the assessment. Identify areas where achieving no net loss or a biodiversity commitment is easily achievable to build experience and confidence, and then address more complicated tasks. Ensure your targets are SMART.
Ensure that senior executives and board directors are involved within the process. This increases internal communication within the organization, and can also aid external communication with senior executives in other organizations.
Implement
Assign activities to individual staff members who are involved with key activities related to your impact and dependencies on biodiversity. Ensure the necessary resources and capacity to deliver are available.
Ensure there is a budget to implement these changes within the organization at multiple levels.
Review existing company procedures on how you do business and integrate no net loss, net gain, or biodiversity activities within these existing frameworks.
Engage with internal and external stakeholders throughout the process to encourage adaptive management processes and build internal capacity.
Establish partnerships with key stakeholders to help implement activities (e.g., conservation scientists for technical support, or local stakeholders such as farmers and NGOs).
Assess
Review progress of activities internally with key divisions of the organization, senior staff, and board members.
Compare progress to your baseline to assess whether implementation of activities is on track to meet no net loss targets and whether there are processes which can be improved/altered. Measuring your progess could be done through a framework developed by IPIECA for example (IPIECA 2016).
Engage with internal and external stakeholders for feedback on whether activities are reaching targets.
Assess whether the activities towards no net loss are clear to track and evaluate whether they are sufficient to meet your target. If not, then identify these activities specifically and work to improve them.
Monitor progress with external and internal stakeholders at product, site, and/or supply-chain level and ensure feedback from these stakeholders is recorded.
Update
Implement steps which have been identified during the assess phase as described in this annex.
Review and track progress along an agreed timeline to develop continuous improvement.
Report and disclose progress towards no net loss to build credibility with stakeholders. Report under the Global Reporting Initiative Standards and management systems such as the ISO 14001. If you are aligning with global goals within your biodiversity targets, you should include this as a reference within your corporate sustainability strategies or biodiversity action plans.