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 Uptake.”

12 promising opportunities for UK business to help protect and value nature’s services were identified in the report published on 14th June.

The 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.

A 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 opportunities.

The 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.

The 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.

Click here for the original article and the publication.
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