Photo: Deviah Aiama
These key areas are:
Valuing biodiversity - IUCN works to ensure business impacts and dependencies on biodiversity are integrated into business decision making. For example, it supports the uptake of the Natural Capital Protocol and sector guides. It also promotes public and private sector dialogue and the uptake of natural capital approaches at a country level. All of these developments call for new biodiversity metrics and indicators for business that will help measure and value their impacts, while informing decision makers and other stakeholders.
Promoting biodiversity net gain - With the support of civil society and regulators, IUCN is helping business demonstrate the benefits of a biodiversity net gain goal in and around their operations. By applying the mitigation hierarchy, business can often scale-up their contribution to biodiversity conservation. In addition, IUCN works with regulators and civil society to strengthen the enabling environment, and develop new knowledge and tools, such as the IUCN policy on biodiversity offsets and new guidelines for business operating in and around Key Biodiversity Areas.
Investing in nature - IUCN collaborates with business, and especially financial institutions, to foster conservation incentives and investments at scale. This entails engaging various economic actors at a landscape, seascape or sector level, in close collaboration with other relevant stakeholders. For example, the SUSTAIN-Africa Initiative brings local and global parties together to promote optimal water and land use plans to deliver healthy ecosystems for businesses and communities. Through the multi-stakeholder Coalition for Private Investment in Conservation, which IUCN helped found, it is developing new investment blueprints that will support return-seeking private investment in priority conservation projects.
