Biodiversity Indicators for the Business Sector
Under the umbrella of the Proteus partnership, the UN Environment World Conservation Monitoring Centre (UNEP-WCMC) in association with Stuart Anstee & Associates are undertaking a scoping study to understand the needs for biodiversity indicators and their current use within the extractives sector.
A desire to reduce impacts, assess the value of management interventions and improve communication with stakeholders is driving increased interest within companies and the finance sector on biodiversity indicators. The conservation community is calling for better measurement of corporate impacts and management on biodiversity. A number of attempts have been made to design and deliver biodiversity related indicators e.g. the Energy and Biodiversity Initiative, the Global Reporting Initiative indicators on biodiversity and the oil and gas environmental association, IPIECA’s reporting guidance on the subject. However, these have focused on process measures and actions taken (indicators of ‘implementation’), rather than quantitative indicators of impacts on biodiversity, and give little insight into performance on the ground.
In response to this, UNEP-WCMC and Stuart Anstee & Associates have undertaken a scoping study to understand the needs for biodiversity indicators and their current use among Proteus https://www.unep-wcmc.org/featured-projects/proteus-partnership members - a collaboration between UNEP-WCMC and 12 mining and oil and gas companies. This is the first phase in a two-phase project, with the ultimate objective of developing a suite of indicators that meet the extractive sector’s needs for better measurement, monitoring and management of impacts and that are designed with a view to enabling cross sector comparison.
The scoping study comprised a number of focussed interviews with Proteus members, as well as a desk-based review of existing indicators and initiatives. This document brings together the results of the scoping study, as well as identifying options for future work to be discussed with Proteus members.