Biodiversity: Finance and the Economic and Business Case for Action

Annex B. Translating international biodiversity goals into corporate biodiversity goals

Table A B.1. provides suggestions to translate international biodiversity goals into corporate biodiversity goals (Smith et al., 2018[24]).

Table  A B.1. Translating the international biodiversity goals into corporate biodiversity goals

International Biodiversity Goals	Corporate Biodiversity Goals	Example of business actions
Address causes of biodiversity loss by mainstreaming biodiversity across government and society	Mainstream and embed biodiversity into decision-making	Integrate biodiversity in business and investment decisions Adopt voluntary certification schemes and standards
Reduce the direct pressures on biodiversity and promote sustainable use	Reduce impacts and promote sustainable use in operations or supply chain	Reduce or eliminate impacts on species and habitat directly affected by operations or supply chain Adopt measures to ensure sustainable use of resources Prevent the introduction or spread of invasive species
Improve the status of biodiversity by safeguarding ecosystems, species and genetic diversity	Improve the status of biodiversity	Establish private protected areas or support establishment or management of public protected areas Implement ecosystem restoration actions Invest in nature-friendly solutions, e.g. natural infrastructure
Enhance the benefits to all from biodiversity and ecosystem services	Enhance the benefits society draws from biodiversity	Account for the needs of indigenous groups, women, the poor Ensure access to, and benefit sharing from, natural resources while operating within sustainable limits Adhere to or incorporate international, domestic and sub-national rules that related to biodiversity
Enhance implementation through participatory planning, knowledge management and capacity building	Stakeholder engagement, support and knowledge sharing	Engage in stakeholder dialogue to manage biodiversity impacts Incorporate traditional knowledge into strategic planning for sustainable management of biodiversity Share biodiversity monitoring data to assist decision-making and adaptive management

Source: Adapted from (Smith et al., 2018[24]).