New UN Global Compact publication: Framework for the integration of BES into business activities

All businesses, regardless of their size, location or sector, depend upon and have a direct or indirect impact on biodiversity and ecosystem services (BES) through their operations, supply chains or investment choices. It is thus important for businesses to integrate BES considerations into their practices and to participate in the sustainable and equitable use and conservation of BES. To this end, the UN Global Compact and IUCN have developed this framework for companies to explore the issue of BES as it relates to their activities and corporate sustainability.

12 July 2012 - The overarching objective of this framework is to contribute to the integration of BES into business activities and to firmly position BES conservation among the private sector by engaging the top management of companies in the development, implementation and disclosure of BES policies and practices, in order to reduce risks, manage related impacts and seize opportunities. The framework aims to assist the top leadership of companies in understanding the BES challenge and to prompt the formulation and structuring of BES policies and practices, as part of corporate sustainability strategies that will contribute to achieving long-term profitability, as well as broader sustainability goals - including implementation of UN core environmental principles and related objectives.

Based on a consultative process and other initiatives such as TEEB, the UN GlobalCompact and IUCN identified common elements and developed 10 main recommendations for the top management of companies to consider and integrate in order to enable the company to take real and meaningful steps in relation to BES. The framework consists of four sections. The first section details how companies can understand and explore their relationship with BES by reviewing the various risks and opportunities driven by business actions that impact BES. Section 2 presents key management recommendations that can shape a corporate strategy for responsible BES management. These recommendations represent core elements that should be considered during the development of a BES strategy. Section 3 of the framework highlights the importance of working with stakeholders and business partners to advance common goals and targets in relation to business activities and BES. Finally, Section 4 provides insight into how companies can monitor and evaluate their performance on BES issues, and disclose their results. In addition, appendices provide a BES management checklist to guide companies through the process of assessing impacts on BES and an overview of the tools that are available to them.

You can find the publication here.
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