At the end of October, a workshop organised by the Aligning Biodiversity Measures for Business (ABMB) initiative took place in Rio de Janeiro (Brazil), in collaboration with the European Business @ Biodiversity (B @ B) platform and the financial support of the Boticario Group and the World Conservation Monitoring Center of the United Nations Environment Program (UNEP-WCMC) to advance understanding how existing biodiversity indicators can contribute to supporting current political needs.
The key results of the project include recommendations for the private sector and policymakers on methodologies to measure corporate performance in biodiversity, and an informative summary document for submission to the Parties to the Convention on Biological Diversity (CBD) that highlights process outcomes.
This work is also closely related to efforts to better integrate biodiversity in the Natural Capital Protocol and the work done by the EU B @ B platform to evaluate biodiversity accounting approaches for companies and financial institutions.
A key outcome of the report includes a typology of business applications and targets relevant for selecting an appropriate measurement approach and a decision tree linked to the typology which allows users to identify measurement approaches most appropriate for their needs. This will be integrated into a broader decision tree to guide businesses through the integration of biodiversity into natural capital assessments which will be produced by the Natural Capital Coalition and Cambridge Conservation Initiative as part of supplementary guidance to the Natural Capital Protocolon Biodiversity.