Guidance on valuing ecosystems
A new guide on how to assess the potential impacts and benefits of ecosystems services has been published by the World Business Council for Sustainable Development (WBCSD).
The framework aims to help businesses put a monetary value on the risks posed both to their organisation and the environment through biodiversity loss and ecosystem degradation.
It provides a step-by-step guide to key issues and gives an overview of the level of compensation stakeholders are entitled to if a company harms an ecosystem.
The WBCSD created the guide to help inform businesses’ strategic decision-making and help to embed the value of natural resources into their overall approach.
The guide includes findings from 15 pilot studies from around the world. It can be downloaded free from the WBCSD website.