TO TEEB OR NOT TO TEEB….. THAT’S THE QUESTION
By Herman Mulder, Advisory Board TEEB; Boards of i.a. Worldconnectors, GRI, Tomorrow’s Company
“The Economics of Ecosystems and Biodiversity”-Study (TEEB) is a major study initiated by the EU with support from i.a. UNEP, IUCN the create a scientifically grounded methodology to value the Natural Capital (ecosystems, biodiversity) and the costs and benefits of making use of it: payment for ecosystem services (PES). The study includes reports for international policymakers, local administrators, business, citizens. The final report will be issued in October 2010. The business report is currently under development and addresses dependencies and impact of business activities in their value chain. Data collection, “best of breed”-case studies are being collected and considered as reference material. The outcomes of this study should offer business material to include PES in their mainstream business operations. It should also assist more advanced disclosure practices by business: Integrated Reporting(supporting risk&opportunity analysis by investors) and Product certification. Corporations will have a unique opportunity to show leadership to strengthen their license to operate and branding with their stakeholders by engaging themselves with this study. Young professionals are in this context crucial “change agents”.
By Herman Mulder, Advisory Board TEEB; Boards of i.a. Worldconnectors, GRI, Tomorrow’s Company
“The Economics of Ecosystems and Biodiversity”-Study (TEEB) is a major study initiated by the EU with support from i.a. UNEP, IUCN the create a scientifically grounded methodology to value the Natural Capital (ecosystems, biodiversity) and the costs and benefits of making use of it: payment for ecosystem services (PES). The study includes reports for international policymakers, local administrators, business, citizens. The final report will be issued in October 2010. The business report is currently under development and addresses dependencies and impact of business activities in their value chain. Data collection, “best of breed”-case studies are being collected and considered as reference material. The outcomes of this study should offer business material to include PES in their mainstream business operations. It should also assist more advanced disclosure practices by business: Integrated Reporting(supporting risk&opportunity analysis by investors) and Product certification. Corporations will have a unique opportunity to show leadership to strengthen their license to operate and branding with their stakeholders by engaging themselves with this study. Young professionals are in this context crucial “change agents”.
(excerpt of speech for "Leaders for Nature", Amsterdam)
posted by Herman Mulder at
4:19 PM
3 Comments:
Welcome to blogging! Curious to hear your recollections of the development of the Equator Principles. Was it to stop investing in certain sectors per se, rasise the bar to invest in projects which meet 'good international standards', or address concerns about downward spiral of developers trending to sources of funding with the lowest social and environmental 'headaches'?
Mehrdad Nazari (ex EBRD)
www.prizmablog.com
By
Mehrdad, At
January 21, 2010 4:14 PM
Equator Principles meant creating a level playing field amongst the lead PF transactors, each of which had, in isolation, business principles but yet where struggling with civil society reactions to their involvement.Such level playing field by sector leaders is crucial for advancement of more responsible business practices: they should raise the bar and improve market practices.
By
Herman Mulder, At
January 25, 2010 11:16 AM
Many thanks for your response. I took the liberty of re-posting it also on my blog - www.prizmablog.com.
By
Mehrdad, At
January 25, 2010 1:02 PM
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