BSR Insight | WBCSD’s New Guide to Corporate Ecosystem Valuation
The World Business Council for Sustainable Development’s “Guide to Corporate Ecosystem Valuation” helps business leaders understand the value and benefits of ecosystem services such as fresh water, food, fiber, and natural hazard protection. They can use this data to manage risks and opportunities and make more informed decisions that align financial, ecological, and societal objectives.
The guide is divided into two parts:
- Screening: Several questions will help company managers decide if they need to conduct an ecosystem valuation.
- Methodology: A five-stage process (scoping, planning, valuation, application, embedding) and 12 principles will help managers:
- Calculate how the impacts of different scenarios will change the value of ecosystem services.
- Place a value on the total benefits of ecosystem services.
- Assess the distribution of ecosystem services costs and benefits across different stakeholder groups.
- Determine sources of revenue and compensation packages related to ecosystem services benefits and losses for stakeholders.
BSR’s Ecosystem Services, Tools, and Markets Working Group will be releasing a comparison of similar tools later this month. For more information, contact Linda Hwang.
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