A Common Framework to Integrate Biodiversity in Corporate Decision-Making
Partners of the Biodiversity & Industry Platform will be able to identify the potential impact of new projects on biodiversity.
From 25th to 28th May, experts from leading organizations will take part in stakeholders’ consultations to give feedback to platform partners.
Biodiversity loss is one of the most relevant and yet unresolved challenges that our society is facing. According to the latest SDGs Report of the United Nation, most of the biodiversity-linked SDG targets with a 2020 deadline made insufficient or no progress at all. Flora and fauna are silently disappearing whilst the number of endangered species is quickly rising. Yet, business depends on biodiversity to thrive and prompt action is necessary.
In line with the EU's biodiversity strategy for 2030, partners of the collaborative platform Biodiversity & Industry - Engie, GSK, Iberdrola, Ipsen, Philip Morris International, Solvay, and Titan - are developing a standardised framework to integrate biodiversity impact into corporate decision-making processes. The framework allows companies to identify the potential impact of a new project on different aspects of biodiversity – including climate change and pollution - throughout the value chain, at each stage of a company’s activities. For each biodiversity impact, the company is required to indicate the level of risk, ranging from 0 – no risk – to 4 – high risk - associated with the new project.
NEXT STEPS
From the 25th to the 28th of May, CSR Europe will host stakeholder engagement sessions to finalise the framework. Selected experts from different leading organizations, including Stefan Leiner, the European Commission’s Head of Unit on Biodiversity, will give feedback and share experiences with platform partners to facilitate their journey towards the adoption of a sustainable decision-making approach to biodiversity.
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