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Integrating biodiversity into business strategies The Biodiversity Accountability Framework IFB – Orée Working Group. Joël Houdet – 10 décembre 2008. AEE - Copenhaguen. HOMOGENISATION OF LIVING SYSTEMS Development choices and models. Unavailability/ price increase. Loss of market share.
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Integrating biodiversity into business strategies The Biodiversity Accountability Framework IFB – Orée Working Group Joël Houdet – 10 décembre 2008 AEE - Copenhaguen
HOMOGENISATION OF LIVING SYSTEMSDevelopment choices and models Unavailability/ price increase Loss of market share Raw materials Corporate image Good reputation : Customers, shareholders and suppliers Better management of production costs Biodiversity, a risk or an opportunity? Exclusion from CSR portfolios Taxes, new standards expensive to satisfy Regulations and norms Cost of Capital Anticipation, future costs avoided Good CSR rating
IFB-Orée Working group : a two-stage project • Assessing business’ dependence on biodiversity • How can we integrate biodiversity into business strategies?
Stage 1: Assessing business’ dependence on living systems • Economic sectors’ direct dependence on living systems • The interdependence of businesses with biodiversity : self-assessments bearing on the Business and Biodiversity Interdependence Indicator (BBII)
The interdependence of business with Ecosystem Services • 21 businesses & 4 local authorities • Industries : water, waste, energy, food, mining, cosmetics, wood, clothing, ecological engineering, among others • Clear interdependence with provisioning services • Link often indirect with report to other ES • Opportunities for markets of ES identified • Challenges for business : • standardizing ES (metrics, statutory / social norms) • property rights • legal responsibility (parent organization - subsidiaries, suppliers) • accounting / financial reporting implications
Stage 2: Integrating biodiversity into business strategies An important step forward towards: • a Biodiversity Accountability Frameworkto account for the interactions between businesses and biodiversity • the ecosystemic assessment of business performance • the diversity of living systems as a standard for: • Ecosystem management • Innovation • Production of goods • Provision of services
Table of contents • Biodiversity and business: determining their direct and indirect interconnections • The interdependence of businesses and local governments with biodiversity • Reintegrating economic activity into biodiversity • Innovative initiatives in the world For more information: houdet@oree.org