Biodiversity

Deforestation-free finance: a guide on tools and frameworks for financial institutions

This report from WBCSD can help you understand how banks and investors can avoid financing deforestation. The report provides an overview of three key frameworks for assessing and disclosing deforestation risk exposure in your investment and lending portfolios, and reviews the assessment and data collection tools you can use to support this work. It also highlights tools for aligning with important global frameworks for nature, such as the Taskforce for Nature-Related Financial Disclosure (TNFD) and the Global Biodiversity Framework. This report will be most useful to sustainability practitioners working in the financial sector who want to quickly identify resources to support deforestation-free finance.

The State of the World’s Forests 2022

This report from the UN Food and Agriculture Organisation will show you how we can work with forests to help address the climate and biodiversity crises. It outlines three interrelated pathways. They are stopping deforestation and maintaining existing forests; restoring degraded lands and expanding agroforestry; and rethinking how we can use forests resources sustainably. The report demonstrates the feasibility and benefit of these pathways and outlines some of the steps both private and public sector can take toward them. These insights will be most useful to procurement and supply chain managers whose value chains rely on the ecosystem goods and services of forests.

Forest Pathways Report 2023

At the 2021 UN Climate Change Conference (COP26) A global goal was set at the 20212 UN Climate Change Conference (COP26) to halt and reverse deforestation by 2030. This comprehensive report from WWF can help you understand why we are off track from that goal and how we can get back on track. It provides an analysis of deforestation and restoration trends and proposes a blueprint of essential measures to save forests by 2030. Beyond sustainability, this resource contains important insights relevant to supply chain management, public and community relations, and strategy.

The Forest Transition: From Risk to Resilience

Forests are gaining increasing attention for their central role in the resilience of our global economy. This report from CDP can help you understand the importance of addressing deforestation for your business. It explores deforestation risks, current progress on eliminating deforestation, and the essential actions companies need to take to remove deforestation from within their supply chains. It will be most useful to sustainability and supply chain management teams, especially those working in industries with ‘hidden dependencies’ on forests, such as chemicals, retail, and consumer goods.

Deforestation Monitoring and Response Framework

The Forest Positive Coalition has created a framework to proactively monitor and address deforestation and peat non-compliances. The framework is a living document, and it aims to create a more efficient and effective approach for dealing with non-compliance with 'No Deforestation or Peat Development' commitments. It has two sections: guidance on minimum requirements for monitoring, and a response framework that clarifies roles and responsibilities across the supply chain.

Although the scope of the monitoring is for palm oil only, the learning outcomes will be shared for other commodities across the Forest Positive Coalition members.

The Accountability Framework

This framework from the Accountability Framework initiative (AFi) features twelve core principles for building, strengthening, and supporting ethical supply chains. These principles serve as a guide for companies and others in setting, implementing, monitoring, and reporting on effective goals and commitments on deforestation, ecosystem conversion, and human rights in ethical supply chains. AFi has also developed operational guidance to help you put the core principles into practice; a self-assessment to help you with benchmarking your goals, policies, and practices against the framework; and other related tools and guides.

Why are Tropical Forests Being Lost, and How to Protect Them

This resource is a good primer on global forest loss trends; signs of progress against deforestation; and the most effective actions for ending deforestation by 2030 - particularly political and financial levers.

Why Preserving Forest Integrity Is As Vital As Preventing Deforestation

This quick read from the World Resources Institute can help you to understand the importance of forest integrity, which refers to the health of standing forests, including their ability to store carbon and protect biodiversity. This article explains the concept of forest integrity; identifies the greatest threats to forest integrity; explains where forest integrity is most at risk; and identifies actions required to protect high-integrity forests and restore other forests.

Global Forest Watch

This online platform provides data and tools for monitoring forests, and will help you to access near real-time information about where and how forests are changing around the world. The maps features allow you to visualise and analyse historical trends in tree cover loss and gain since 2000, view land cover, and toggle for various country-specific climate and biodiversity factors. This tool may be particularly helpful to sustainability, oversight, and procurement professionals who are responsible for monitoring illegal deforestation, defending land and resources, and ensuring commodities are sustainably sourced.

From Commitments to Action at Scale: Critical steps to achieve deforestation-free supply chains

The CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. In addition to their work on carbon and climate change, they have created a range of resources to help your company take action on deforestation. Their Global Forests Report is a good resource for helping change agents understand the scale, scope, and rigour of actions required to tackle deforestation so that they can better summarise and translate these findings for executives and boards. Building off previous CDP and Accountability Framework Initiative (AFi) analysis, this report highlights areas of progress and gaps in performance and provides insights that can help your company learn from the progress of industry peers. Each section of the report summarizes key elements of the Accountability Framework’s Core Principles and guidance followed by corresponding analysis of company performance using CDP data.

Setting robust biodiversity goals

The global biodiversity framework (GBF) that is being developed under the Convention on Biological Diversity intends to ensure that by 2050 humanity is 'living in harmony with nature'. However, the authors of this paper argue that the draft goals and targets - as they are currently articulated - do not specify explicit, measurable goals that can credibly achieve this outcome. This paper makes the case for distinct outcome goals for species, ecosystems, and genetic diversity, and it outlines seven general principles to underpin smart and effective net outcome goal-setting. These principles can help you to better understand the benefits and shortcomings of broad "net outcome" goals (such as "no net loss") and can support your process for creating and implementing credible biodiversity goals.

Healthy ecosystem metric framework: biodiversity impact

A growing number of companies have expressed the need for clear, standardised 'healthy ecosystem' metrics to demonstrate their progress towards reducing their impact on nature. To help business leaders and sustainability change agents take action on ecosystem decline, the Cambridge Institute for Sustainability Learning has developed a framework that provides a credible, science-based starting point for measuring ecosystem impacts from a contextual perspective. The metric provided is based on the impact of a company upon the quality and quantity of biodiversity, soil, and water, with clear information on how the metric was conceived and how it could be used.

A Cross-Sector Guide for Implementing the Mitigation Hierarchy

This guide from the Cross Sector Biodiversity Initiative and The Biodiversity Consultancy clearly defines the four steps of the mitigation hierarchy (avoid, minimize, restore and offset) and their application with regard to managing biodiversity throughout the life cycle of an extractive project. The guide offers practical measures for predicting and verifying biodiversity conservation outcomes over time, and provides insights into recording and comparing mitigation-related costs. If you are seeking to learn about the mitigation hierarchy and to understand your options for mitigating impacts from a contextual perspective, this guide is an excellent starting point.

Beyond 'Business as Usual': Biodiversity Targets and Finance

This report from the United Nations Environment Programme (UNEP) and the Natural Capital Finance Alliance (NCFA) was created to highlight the need for banks, insurers, and investors to set strong biodiversity targets. This resource can help you to understand why nature is important to financial institutions; which sectors have the greatest impact and dependence on biodiversity; and how to use this knowledge to inform biodiversity target-setting.

From Commitments to Action at Scale: Critical steps to achieve deforestation-free supply chains

The CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. In addition to their work on carbon and climate change, they have created a range of resources to help your company take action on deforestation. Their Global Forests Report is a good resource for helping change agents understand the scale, scope, and rigour of actions required to tackle deforestation so that they can better summarise and translate these findings for executives and boards. Building off previous CDP and Accountability Framework Initiative (AFi) analysis, this report highlights areas of progress and gaps in performance and provides insights that can help your company learn from the progress of industry peers. Each section of the report summarizes key elements of the Accountability Framework’s Core Principles and guidance followed by corresponding analysis of company performance using CDP data.

No net loss and net positive impact approaches to biodiversity

The objective of this report from the IUCN is to learn from the experiences of the extractive and infrastructural sectors and to propose an organizing framework for applying No Net Loss (NNL) & Net Positive Impact (NPI) approaches in other business sectors. Although written with the agriculture and forestry sectors in mind, this report will help you to understand the mitigation heirarchy and the ambiguity around NNL and NPI definitions and impact goals. The document also provides a framework for applying a Net Positive Impact approach, with step-by-step scenario schematics (including visuals) that will help you to better understand the applicability of the mitigation hierarchy to your organization's work.

Integrated Biodiversity Assessment Tool

This tool from the IBAT Alliance will improve your decision-making and access to markets by growing your understanding of local, national, and regional biodiversity risks and opportunities. IBAT provides comprehensive risk reports with data from the World Database on Protected Areas, the IUCN Red List of Threatened Species, and the World Database of Key Biodiversity Areas; combined, this information provides a comprehensive risk 'map' that will help you to align with international best practices. Although IBAT has a sliding subscription scale, there is an introductory option with free access to visual data maps and country profiles, as well as pay-as-you-go reports.

Biodiversity Loss and Land Degradation: An Overview of the Financial Materiality

This brief from CISL explains biodiversity loss and land degradation, why they matter, the financial implications of such decline, and methods for quantification. This brief may be a helpful primer for executives and board members who want to better understand how to prioritise these issues and to determine the cost of inaction.

A Buyer's Guide to Natural Climate Solutions Carbon Credits

This guide produced by the Natural Climate Solutions Alliance, WBCSD, and BCG is designed to help companies select and procure high-quality carbon credits on the voluntary carbon market. It focuses specifically on natural climate solution (NCS) credits, which are intended to support carbon reduction while also providing co-benefits for communities and biodiversity. Going step-by-step, the guide outlines how to integrate NCS carbon credits into your climate strategy. This includes setting procurement criteria, finding sources, purchasing, and reporting credible claims. The guidance will be most useful to sustainability and procurement teams.

Biodiversity Finance Reference Guide

The IFC has developed this guide to help you to better understand project eligibility criteria for biodiversity finance, as well as some of the more common project types. The guide builds on the Green Bond Principles and the Green Loan Principles and highlights different types of investment projects, activities, and components that help protect, maintain, or enhance biodiversity and ecosystem services, as well as promote the sustainable management of natural resources. This is a good resource for identifying opportunities to address the key drivers of biodiversity loss in your production practices; to integrate nature-based solutions into their operations; and to develop nature conservation activities.

The PBAF Standard

Developed to address gaps within the financial sector, this standard by the Partnership for Biodiversity Accounting Financials (PBAF) can help you to understand the biodiversity-related information lenders and investors may expect you to disclose. It includes two assessments: the first provides guidance on assessing the biodiversity impacts of loans and investments, and the second outlines how to assess a financial institution’s dependencies on ecosystem services. The standard will be most useful to sustainability, communication, and finance professionals.

Making Nature Markets Work

This landmark report by the Taskforce on Nature Markets can help you understand how nature-conserving behaviour can be incentivised through global markets. The report covers the rise of nature markets, their dangers, and their potential. It also makes 7 major recommendations to harness their power to support the transition to a post-carbon economy. The economic shift this report urgently calls for makes it particularly relevant to decision-makers, especially heads of finance and supply chains.

Deforestation-free finance: a guide on tools and frameworks for financial institutions

This report from WBCSD can help you understand how banks and investors can avoid financing deforestation. The report provides an overview of three key frameworks for assessing and disclosing deforestation risk exposure in your investment and lending portfolios, and reviews the assessment and data collection tools you can use to support this work. It also highlights tools for aligning with important global frameworks for nature, such as the Taskforce for Nature-Related Financial Disclosure (TNFD) and the Global Biodiversity Framework. This report will be most useful to sustainability practitioners working in the financial sector who want to quickly identify resources to support deforestation-free finance.

Biodiversity Offsets: A User Guide

The mitigation hierarchy holds that avoiding, minimizing, rectifying, and reducing impacts to the natural environment are all preferable to offsetting, but there are situations where biodiversity offsets are a necessity. This guide from the Convention on Biological Diversity will help you understand when to consider using offsets, and explains the core principles and limits of offsetting.

A Practical Guide to Insetting

Insetting refers to a company offsetting its emissions through projects that avoid, reduce, or sequester carbon within its own value chain. It is an opportunity for businesses to link emissions and carbon sequestration to their sourcing landscapes. This guide from the International Platform for Insetting shares insights and provides recommendations that will help you to transform your supply chain for a resilient, regenerative, net zero carbon future that values and protects nature. The guide was created specifically for insetting practitioners and stakeholders that want to learn more about the concept, and it highlights lessons and opportunities for realising the full potential of insetting.

Exploring Design Principles for High Integrity and Scalable Voluntary Biodiversity Credits

This working paper from The Biodiversity Consultancy can help you understand what makes a high integrity biodiversity credit. The paper outlines the potential for voluntary biodiversity credits to support a nature-positive future, explains how integrity is defined, and explains the risks to credit integrity. It also proposes twelve principles for credible biodiversity credits and a flexible measurement framework. This is a valuable resource for those making decisions related to investing in biodiversity through credit purchase, or the development of biodiversity insetting projects across the value chain.

Biodiversity Credit Markets: The role of law, regulation and policy

This paper from Pollination and the Taskforce on Nature Markets can help you understand what policies are needed for voluntary biodiversity credits markets to reach their potential. The paper explores the role of law, regulations, and policy; the different market types; lessons learned from biodiversity offset schemes; emerging biodiversity credit markets; and policy tools for scaling biodiversity credit markets. The implications of the recommended policy changes will be most relevant to sustainability and enterprise risk teams.

The Rights of Nature: Developments and implications for the governance of nature markets

This paper from the Taskforce on Nature Markets can help you understand the emerging perspective that nature has fundamental rights and human beings have the legal authority and responsibility to enforce these rights on nature's behalf. It traces how this trend is being expressed in environmental law and the implications for nature-linked markets, including within nature credits and soft commodity markets. This paper points to a paradigm shift that will be most relevant to sustainability and legal practitioners.

Harnessing Biodiversity Credits for People and Planet

This paper from NatureFinance, Carbone 4, and the Global Environment Facility (GEF) can help you understand the biodiversity credit markets' key challenges and solutions. The first section covers how five key challenges can be addressed to ensure high-integrity supply, scaled demand, and equitable distribution of benefits. The second section offers a roadmap to scale up these solutions and financial flows into biodiversity markets. The guidance will be most useful to sustainability and finance departments interested in recent trends and perspectives on biodiversity credits.

Biodiversity Credit Alliance

The Biodiversity Credit Alliance (BCA) was created to bring clarity to the development of a credible and scalable voluntary biodiversity credit market. This paper from the BCA can help you understand the essential role of Indigenous Peoples and Local Communities (IPLCs) in biodiversity projects and the biodiversity credit market. It provides an overview of the emerging biodiversity credit market; explains the rights of Indigenous Peoples and how credit markets benefit from involving IPLCs; and puts forth an initial list of ideas for how credit buyers and policymakers can ensure IPLCs' rights and benefits are respected. This guide will be most useful to sustainability practitioners seeking to purchase high-quality biodiversity credits.

Accounting for Natural Climate Solutions Guidance

Natural climate solutions have been recognised as key levers in mitigating the negative impacts of climate change, with ~12% of global impacts from GHG emissions coming from land use and land-use changes (LULUC). To support you in calculating, accounting for, and reporting on LULUC-generated GHG emissions, the Accounting for Natural Climate Solutions Guidance from Quantis delivers a robust methodology to embed land-related emissions in corporate and product footprints, which can be used for setting science-based climate targets. Additionally, the supporting Annex document provides detailed information on the scope of the proposed methodology, including technical instructions, context, debated challenges, and limitations, as well as references.

Decent Work in Nature-based Solutions

This new biennial report from UNEP, ILO, and IUCN anticipates that the scaling up of funding for nature-based solutions (NbS) will create significant new employment globally. It aims to initiate systemic engagement around understanding the socioeconomic impacts of NbS-related work. The report provides context on the estimated scale of job creation and how Just Transition strategies can be integrated to ensure decent work. Sustainability and supply chain management teams may find it particularly useful as expectations grow for the private sector to play a much greater role in funding NbS through supply chains and investments.

The Economics of Biodiversity: The Dasgupta Review

This global review on the economics of biodiversity calls for changes in how we think, act, and measure economic success in order to protect and enhance our prosperity and the natural world. The review thoroughly explains the foundation of the biodiversity crisis, and includes key recommendations for reversing the human-caused decline in biodiversity, such as expanding and improvement of protected areas; increased investment into nature-based solutions; the creation or improvement of policies to eliminate damaging consumption of natural assets; the incorporation of natural capital accounting; and proper valuation of ecosystem services into all national accounting systems. This comprehensive deep-dive is a key reference point for sustainability professionals that want to account for nature in decision-making.

Living Planet Index

The WWF's Living Planet Index (LPI) is a measure of the state of the world's biological diversity based on population trends within the animal kingdom. Adopted by the Convention of Biological Diversity (CBD), this resource provides data a variety of sources for thousands of species. Whether you are evaluating current or future potential strategic risks from biodiversity decline, or simply seeking to build your understanding of the state of biodiversity, this resource is a good starting point to build your knowledge of systemic pressures and threats to biodiversity, socioecological trends, and other insights on how "conservation intervention" can promote species recovery.

Biodiversity Risk Filter

Joining the Water Risk Filter in WWF's Risk Filter Suite, the Biodiversity Risk Filter was created to help you understand, explore, assess, and respond to biodiversity risks across your operations, value chains, and investments. This free tool uses 50 annually-updated data layers that collectively provide a global, holistic picture of biodiversity-related risk. This includes information on species and ecosystems, protected areas, and the most important pressures on biodiversity such as deforestation, habitat destruction, pollution, and land use change.

A Biodiversity Guide for Business

This report from WWF can help you to identify, assess, and address biodiversity risks and opportunities that come from conserving, using, and restoring biodiversity in a sustainable way. It highlights the impact that industries such as agriculture, extractives, land development, and energy production have on biodiversity, as well as their dependencies on robust and resilient biodiversity and ecosystems. The guide also provides a biodiversity stewardship approach to help you get started. 

Business for Nature

Business for Nature is a global coalition that brings together businesses and conservation organisations to advance corporate actions and government policies that reverse nature loss. They have outlined four high-level business actions that your business can take to signal that it is making meaningful contributions to creating a nature-positive world. They also provide case studies; resources to support nature-related advocacy and communications; and summaries of new and relevant frameworks, conventions, agreements, and more. Business for Nature is a good starting point for leaders and sustainability professionals who want to better acquaint themselves with nature-related policy trends, corporate actions, and talking points.

Nature Risk Rising: Why the Crisis Engulfing Nature Matters for Business and the Economy

This report, the first in the World Economic Forum's 'New Nature Economy' report series, will help you to better understand the dependency and impact of business on nature. The report uses a simple three-stage breakdown: 1) acknowledging and explaining the crisis of biodiversity decline, 2) identifying material risks, and 3) managing material risks. This report explores the scale and urgency of the biodiversity decline emergency and the drivers of nature loss, and provides a helpful fit-for-purpose framework for managing nature-based risks.

Healthy ecosystem metric framework: biodiversity impact

A growing number of companies have expressed the need for clear, standardised 'healthy ecosystem' metrics to demonstrate their progress towards reducing their impact on nature. To help business leaders and sustainability change agents take action on ecosystem decline, the Cambridge Institute for Sustainability Learning has developed a framework that provides a credible, science-based starting point for measuring ecosystem impacts from a contextual perspective. The metric provided is based on the impact of a company upon the quality and quantity of biodiversity, soil, and water, with clear information on how the metric was conceived and how it could be used.

Raising the Bar on Corporate Sustainability Reporting to Meet Ecological Challenges Globally

This global, cross-sector report by the United Nations Environment Programme (UNEP) assesses the environmental dimension of sustainability reporting and provides recommendations to make environmental reporting relevant to all stakeholders. It analyses the most common and crucial environmental disclosure items and provides practical recommendations for companies and other reporting organisations on how these items should be measured and reported, supported with best-practice examples. It also identifies aspects of reporting where companies need to improve in order to align with the UN's 2030 development agenda, such as applying an understanding of ecological and social thresholds.

Global biodiversity is in crisis, but how bad is it? It’s complicated

This article is a good primer on the pace and severity of biodiversity decline and the impacts this decline is having on our world. The article explains the concept of a global threshold for biodiversity loss; the concept and importance of genetic diversity; the realities of regime shifts; and the importance of radical action to preserve the remaining integrity of our biosphere.

Biodiversity: where the world is making progress – and where it’s not

This short article is a good starting point for understanding the status of biodiversity and global efforts to halt and reverse biodiversity decline. It provides a high-level summary of successes and shortcomings, and may help business leaders otherwise unfamiliar with the issue to learn of the forces driving biodiversity decline and the actions required by government and industry to effect positive change.

Biodiversity Loss and Land Degradation: An Overview of the Financial Materiality

This brief from CISL explains biodiversity loss and land degradation, why they matter, the financial implications of such decline, and methods for quantification. This brief may be a helpful primer for executives and board members who want to better understand how to prioritise these issues and to determine the cost of inaction.

The IPBES Assessment Report on the Sustainable Use of Wild Species

Billions of people benefit daily from the use of wild species for food, energy, materials, medicine, recreation, inspiration, and more. 50,000 wild species meet the needs of billions of people worldwide, and more than 10,000 wild species are directly harvested for food. This report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) can help you to understand how the global biodiversity crisis threatens the contributions of these species to humanity, and provides insights, analysis, and tools to establish more sustainable use of wild species of plants, animals, fungi and algae around the world.

This report identifies five broad categories of ‘practices’ in the use of wild species: fishing; gathering; logging; terrestrial animal harvesting (including hunting); and non-extractive practices, such as observing. For each practice, it then examines specific ‘uses’ for these materials; identifies trends and drivers of change; explores policies, practices, and tools to effect positive change; and examines a range of possible future scenarios for the use of wild species.

Nature in the balance: What companies can do to restore natural capital

This resource can help you to better understand the scope and scale of actions that corporations must take to protect, manage, and restore nature, thereby preserving Earth as a "safe operating space for humanity." The report outlines the case for a nature-positive approach to business; outlines the actions required to live within the planetary boundaries, and the outcomes it would achieve; and identifies key opportunities that specific industries must seize to reduce their impacts on nature. It also provides a four-step roadmap for action, including credible investments, initiatives, and innovations that companies can pursue to achieve nature-positive commitments.

Biodiversity Risk: Legal Implications for Companies and their Directors

Businesses face real and potentially significant material risk from biodiversity loss. This report from the Commonwealth Climate and Law Institute (CCLI) can help directors, investors, accountants, procurement professionals, and legal professionals to assess biodiversity dependencies and impacts and to better embed these factors into strategy and disclosure processes. The report explains how directors may face the risk of liability for a failure to consider biodiversity risks in governance and disclosure, and provides a jurisdictional spotlight on duties of care. The guide also provides key questions board directors should ask to ensure they are meeting their duties to the company.

The Intelligent Forest

This excerpt from Suzanne Simard's book Finding the Mother Tree is a deeply moving and personal piece that dispels the notion of ecosystems as inert and predictable, and highlights their similarities with human societies. She casts light on a range of thought-provoking parallels, such as their dependence on (and corresponding growth and resilience from) relationships. This resource will help you to understand the dynamic nature of systems, and how their constituent parts respond to one another and their surroundings through adaptive and evolutionary change

The State of the World's Biodiversity for Food and Agriculture

This comprehensive guide from the Food and Agriculture Organization of the United Nations presents the first global assessment of biodiversity for food and agriculture worldwide. The report draws on information from 91 country reports to provide a description of the roles and importance of biodiversity for food and agriculture, the drivers of change affecting it, and its current status and trends. It describes the state of efforts to promote the sustainable use and conservation of biodiversity for food and agriculture, including through the development of supporting policies, legal frameworks, institutions and capacities. It also explains the needs and challenges of future management of biodiversity for food and agriculture. This resource is an excellent starting point for change agents to build their awareness and understanding of the vital importance of biodiversity to global food systems.

Guidelines for planning and monitoring corporate biodiversity performance

These practical guidelines from the IUCN can help business of all types develop strategic plans to manage their biodiversity impacts. It uses a four stage approach, including understanding your companies impacts; developing your strategy and goals; identifying a set of meaningful biodiversity indicators; and creating a plan to monitor performance. This is a good resource for sustainability teams, managers, and other professionals whose responsibilities include strategic planning and biodiversity-related reporting.

Bending the Curve of Global Freshwater Biodiversity Loss: An Emergency Recovery Plan

This paper outlines six priority steps for restoring biodiversity in rivers, lakes, and wetlands. These steps address improving environmental flows; improving water quality; protecting and restoring critical habitats; improving fisheries management; managing invasive species; and restoring waterway connectivity. The practical steps and examples described may be useful to a range of departments that can play a role in restoring ecosystems, including strategic planning, procurement, and sustainability.