Tuesday, May 26, 2009

Corporate ecosystem evaluation: a scoping report

Source: World Business Council for Sustainable Development
"All businesses, regardless of their location on the value chain, both impact and depend on ecosystems and ecosystem services. This in turn presents both risks and opportunities, and securing the business license to operate in a world where we are exceeding biocapacity (or the capacity of the Earth to meet our needs), will require companies to develop clear strategies of how to measure, manage and mitigate their ecosystem impacts and dependence. The scoping study report reaches the conclusion that any attempt to advance corporate ecosystem valuation should focus on new ways of valuing ecosystem dependencies and impacts and incorporating these values within existing financial and business planning tools, drawing where relevant on the existing methods that have been developed specifically to value ecosystem services."