DEFRA Reports on Business Opportunities in Protecting Nature’s Services
Commissioned for the UK Ecosystem Markets Task Force (EMTF) by the Valuing Nature Network (VNN), the report identifies reasons for which business should value and protect nature’s services. Reasons include the business risks caused by degradation and scarcity, consumer expectations, and the competitive advantage of developing sustainable supply chains, procurement and production.
12 July 2012 - The UK Department for Environment, Food and Rural Affairs (DEFRA) has
released "Opportunities for UK Business That Value and/or Protect
Nature’s Services”, the final report of the "Review of UK National
Ecosystem Assessment (NEA) Evidence to Assess Scope for Business Related
Ecosystem Market Opportunities in the UK and Tools for Business Sector
promising opportunities for UK business to help protect and value
nature’s services were identified in the report published on 14th
report looks at the business
opportunities arising from the National Ecosystem Assessment (NEA); the
UK assessment of the state of the UK’s ecosystems, the services they
provide, and the value of these services.
diverse team of environmental economists, plus specialists in
environmental technology, product markets, offsetting and
sustainability, were brought together by lead consultant Guy Duke to
analyse the evidence presented by the NEA, and carry out a consultation
and stakeholder workshop to gather a wide range of views on business
report outlines the business case for valuing and protecting nature’s
services. It highlights a series of drivers that are leading businesses
to increasingly consider and manage impacts on ecosystems and to look
for business opportunities while they do so.
report identified eight key types of opportunities available to
businesses, from financial and legal services to product markets and
environmental technologies. From 40 opportunities, drawn from reviewing
the NEA and stakeholder’s ideas, the team have pulled out a preliminary
list of 12 top opportunities which they say show real promise.
The findings will support the Task Force’s work on opportunities for UK businesses from valuing and protecting nature.
for the original article and the publication.