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Business urged to assess nature-related risks and opportunities
April 17, 2013
Business urged to assess nature-related risks and opportunities
Just how a company assesses, measures and values the natural resources it relies on every day can have major impacts on its bottom line, and presents significant opportunities for improving sustainability outcomes, according to a new report released by the World Business Council for Sustainable Development (WBCSD).
The report, Eco4Biz ? Ecosystem services and biodiversity tools to support business decision-making , encourages companies to explore the tools that can help them better incorporate nature into business decision-making. The guide has been developed as a ‘one-stop resource kit’ to help environmental managers and companies navigate and choose from a range of available tools in order to better understand how they rely on nature, leading to more informed and better sustainability decisions.
“Assessing the impact and dependence on nature and natural capital may be complex, but it can also pay very good long-term dividends, both for the company bottom line and for our global environment,” said Eva Zabey, WBCSD Manager, Ecosystems and Natural Capital.
Eco4Biz features a decision tree, which helps cluster tools around the scale of assessment that an organization may need and the type of outputs the organization would prefer. Tools are identified primarily focusing on either ecosystem services or biodiversity. The toolkit will be updated on a regular basis to keep pace with developments as more companies proactively measure, manage and mitigate their impact and dependence on nature.
Read more at WBCSD.
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