Biological Diversity Protocol
~a standardised approach to account for and consolidate an organization’s impacts on ecosystems
Presently, corporations use an ad-hoc collection of approaches to measure their impacts on nature. While these approaches elucidate select risks, the information they generate is neither complete, readily comparable among sites nor compatible with financial accounting practices. As a result, they are not readily integrated into cost analysis, risk assessments and disclosures.
The emerging second generation of corporate natural capital accounting addresses this need, and the Biological Diversity Protocol (BD Protocol) is the only available guidance document.
The BD Protocol provides a standardized approach to account for and consolidate biodiversity information on an organizations’ impacts and dependencies on ecosystems and species. It complements exiting environmental measurement and financial accounting systems by blending components of the Greenhouse Gas Protocol, the UN System of Environmental-Economic Accounting and double entry bookkeeping. Moreover, it supports the use of existing biodiversity measurement protocols and datasets (e.g., NSW Biodiversity Indicator Program, Accounting for Nature).
The BD Protocol’s step-wise process provides teams the structure to create ecosystem accounts that are compatible with financial accounting.
Please download the:
- BD Protocol
- Cossure, France case study focused on ecological restoration (2 pages)
- Blangslev Solar Plant, Denmark case study (12 pages)
- Eskom, South Africa pumped storage scheme and wind farm case study (98 pages)
- Refnitiv 2021 ESG PLAYBOOK that mentions the BD Protocol
Sustainable Flows and its partners are in the final stages of building a pilot group to implement the BD Protocol. Participating corporations will develop natural capital accounts, build their internal capacity and gain access to:
- Peer-learning group of companies from different sectors (i.e., infrastructure, manufacturing, food processing, land trust)
- Technical support from authors of the BD Protocol in the development
- Communication opportunities such as webinars, case studies, videos
- Key Engagement with international private sector through the Global Partnership on Business & Biodiversity at the Convention on Biological Diversity COP15 in October 2021
For more information
Please contact Sustainable Flows (firstname.lastname@example.org) to learn more.
Additional resources are available at https://www.nbbnbdp.org/bp-protocol.html