Assessment of Biodiversity Measurement Approaches for Businesses and Financial Institutions: Update Report 3
The EU B@B Platform has launched the third report of the Assessment of Biodiversity Measurement Approaches for Businesses and Financial Institutions series. This 2021 report builds on the foundations established by the first two volumes (2018, 2019) and takes the next crucial step in the evolution of biodiversity measurement approaches – testing and evaluating these approaches. The report introduces a Biodiversity Measurement Navigation Wheel – a pragmatic decision framework to help businesses select the most suitable measurement approaches for a specific business context.
- It offers a ‘Fast Track’ approach as it allows for considering multiple criteria at once.
- It relies on easy-to-use overview tables full of information on how tools can be differentiated on specific criteria.
- It brings in new selection criteria such as information on accessibility, costs and efforts and the maturity level of tools based on the application frequency for specific business contexts.
- It explicitly highlights the possibility to combine different approaches and metrics.
- It acknowledges the different perspective of the financial sector and made a start with an adapted version for that sector.
- It covers 19 biodiversity measurement approaches.
- Last but not least, it has been built based on (updated) information from tool developers and on the thorough review of 16 quality reviewed and well elaborated case studies. These are an integral part of the Update Report 3 and will be featured individually on the Platform’s website.
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