CSR Europe

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How Can Companies Assess their Impact on Biodiversity?

Biodiversity loss creates significant risks for businesses and the wider economy. According to the World Economic Forum, “$44 trillion of economic value generation – more than half of the world’s total GDP – is moderately or highly dependent on nature and its services.” Without public goods like clean air, plentiful freshwater, fertile soils, a stable climate - to name a few – societies would not be able to function.

Nowadays, companies are increasingly aware of the value of nature and in determining their success in the market. But how can they systematically manage and assess the impact of their operations on biodiversity?

Join the open webinar “Streamlining Biodiversity in Companies' Decision Making” on the 8th of June to find out. The event is hosted by CSR Europe in the framework of the EU Green Week 2021 and focuses on how companies can:

  • Evaluate the impact of strategic global and local business decisions on biodiversity.

  • Mitigate the negative effects of such decisions.

  • Maximise new business opportunities with nature-based solutions.

Eva Mayerhofer, Senior Environment & Biodiversity Specialist at the European Investment Bank, will open the roundtable with a speech on "how to integrate biodiversity into business and financial decision-making process” and will be followed by two panel discussions with experts from companies involved in the collaborative platform Biodiversity and Industry and Non-Governmental Organisations.

In the first panel - How to evaluate business impacts on biodiversity? - Frank Hawkins, Director of the International Union for Conservation of Nature Washington Office, will be joined by representatives from Engie and Solvay. The second panel -  Streamlining Biodiversity in Companies' Decision Making – will see the participation of representatives from Titan Cement and Iberdrola.

Partners of the collaborative platform Biodiversity and Industry will present the biodiversity framework, a practical guiding tool that allows companies to consider all the potential impacts that a project could have on biodiversity before taking a decision. As the platform is getting closer to its first year anniversary, partners are broadening its scope to include, amongst other next steps, the development of a Biodiversity Maturity and Integration Model. At the same time, in this second year,  the platform will remain a learning network, serving as a sharing space of expertise to present best practices and the latest developments on biodiversity.

The collaborative platform is looking to enlarge its group of partners and if you would like to receive more information on how to join, please contact Emma Van Zundert.

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