Can one metric sum up the biodiversity impact of economic activities? Can businesses set quantitative targets to reduce their impact on biodiversity as they do for climate ? How can financial institutions assess their exposure to biodiversity impacts throughout their investment? After five years of development CDC Biodiversité launched in May, 2020, its biodiversity footprint assessment tool: the Global Biodiversity Score (GBS), which seeks to address these questions and make it possible for companies or financial institutions to evaluate their impact on biodiversity. Read more
Launch of the Global Biodiversity Score
More than 350 people participated in the official interactive launch of the Global Biodiversity Score which took place on Tuesday May 12, 2020 by webinar due to the health context. The GBS team as well as the members and experts of Club B4B + presented the 1st version of this biodiversity footprint measurement tool that has been under development for 5 years. The webinar started with a presentation of the tool, its challenges, and the training and licenses procedures, by the GBS team. This was followed by testimonials of three members of Club B4B+ : Mirova, Schneider Electric and Solvay.
Thomas Andro, Sustainable Development Manager at Solvay, testified to the importance of this tool for measuring the impact of activities on biodiversity, both locally and along the company’s value chain. Sarah Maillard, Socially Responsible Investment analyst for Mirova, shared the need for the integration of the GBS tool in the measurement of financial performance, especially for those with the ambition of positive impact investing. Xavier Houot, Senior Vice President Sustainable Business & Operations of Schneider Electric, presented the results of the very first assessment at the scale of an international company and underlined the usefulness of the GBS for the construction of a strategy of preservation of the biodiversity in order to understand its impacts.
Can one metric sum up the biodiversity impact of economic activities? Can businesses set quantitative targets to reduce their impact on biodiversity as they do for climate (e.g. -20% biodiversity footprint by 2030)? How can financial institutions (FIs) assess their exposure to biodiversity impacts throughout their investment? CDC Biodiversité invited interested businesses to a meeting to present the GBS and the PBAF’s common ground on Tuesday 30/04 in the Caisse des Dépôts’ premises, 15 Quai Anatole France, 75007 Paris, France.
26 & 27-03-2019
Joshua Berger, Global Biodiversity Score project manager and Antoine Vallier, biodiversity footprint expert, share with us their experience of the two-day workshop on Biodiversity Accounting Approaches for Business in European Commission, which was held on 26th and 27th of March 2019.
CDC Biodiversité was excited to participate in the Biodiversity Accounting Approaches for Business two-day workshop in Brussels. It is an important step towards the convergence of biodiversity footprinting methodologies. Harmonisation of corporate data inputs, bridges between metrics, mapping of tools relative to business applications, clarification of the vocabulary on scopes & baselines were all on the agenda. We are really looking forward to the minutes and follow up steps!
Thanks to UNEP-WCMC for the organization and to European Commission (DG ENV) and European Investment Bank (EIB) for their support.
Biodiversity footprint assessment tools are being developed globally to appropriately track the impact of businesses and financial institutions, and potentially to help set post-2020 international targets for biodiversity. The EU, France, the Netherlands and Germany are very active in the field of business, biodiversity and natural capital.
Connecting Finance and Natural Capital: the Global Biodiversity Score and the Natural Capital Coalition:
As part of the launch of the supplement « Connecting Finance and Natural Capital » to the Natural Capital Protocol on April 23, 2018 in Hong Kong, several major financial players including CDC Biodiversity shared case studies on their contribution to the integration of a natural capital approach in the financing of economic activities. CDC Biodiversité explained how the biodiversity footprint indicator, developed by its research teams from the Biodiversity Economics Mission (MEB), contributes to assessing the impact of businesses and financial institutions on one of the components of natural capital , biodiversity. This indicator, the Global Biodiversity Score (GBS), is a management tool for companies to reduce their biodiversity footprint and fills a deficit of measurement indicators at a strategic level.
The Natural Capital Coalition (NCC), which is a continuation of The Economics of Ecosystems and Biodiversity (TEEB) for Business and Enterprise, was launched in December 2012. It is a reference initiative with approximately 250 signatory organizations around the world. The NCC takes up TEEB’s pioneering work on the economic valuation of ecosystem services and the monetary analysis of externalities for companies and broadens it by introducing the concept of natural capital which is defined as « the way of designating all benefits we derive from nature. » This concept includes biodiversity and ecosystems, climate, water, mineral and energy resources. In 2015, the NCC launched the Natural Capital Protocol (NCP), which aims to create a standardized methodology with the goal of a better understanding and quantification of the impacts and dependencies of businesses on ecosystems.
CDC Biodiversité is a partner of the NCC and a member of the steering committee of the Natural Capital Financial Alliance (NFCA).
The case study is available on the NCC website.