A platform for Brazilian companies to proactively develop strategies to manage business risks and opportunities arising from their companies’ dependence and impact on ecosystems.
Ensuring that development projects benefit both people and the planet is becoming more and more of a priority.
Environmental and social impact assessments (ESIA) have been in use for decades to consider the effects of projects such as dams, highways, and oil and gas development. Over the years, ESIAs have evolved to cover both environmental and social impacts, including health and human rights.
However, the assessments often study social or environmental factors separately from one another, missing the many ways in which they interact.
In 2012, important financial institutions--the International Finance Corporation and the Equator Principles Financial Institutions--took a welcome step towards promoting a more holistic approach to impact assessment, requiring their clients to address ecosystem services as part of their due diligence.
Incorporating the concept of ecosystem services into ESIA can ensure that affected stakeholders, project developers, financial, and governmental institutions understand the full scope of a proposed project’s impacts on people and the environment. But as I recently learned at the annual conference of the International Association for Impact Assessment (IAIA) two weeks ago, there’s a lot of uncertainty about what the concept of “ecosystem services” really means and how it can be applied to conducting impact assessments. It’s a good time to clear up confusion on this critically important yet complex issue.
Water is a scarce resource in India, especially in the state of Maharashtra, where most rainfall is limited to the monsoon season from June through September. The Government of India has long promoted a Participatory Watershed Development (PWD) approach to deal with this scarcity.
This post was co-written with James Mulligan, Executive Director at Green Community Ventures.
Natural ecosystems provide essential services for our communities. Forests and wetlands, for example, filter the water we drink, protect neighborhoods from floods and droughts, and shade aquatic habitat for fish populations.
While nature provides this “green infrastructure,” water utilities and other decision-makers often attempt to replicate these services with concrete-and-steel “gray infrastructure”—usually at a much greater cost. Particularly where the equivalent natural ecosystems are degraded, we build filtration plants to clean water, reservoirs to regulate water flow, and mechanical chillers to protect fish from increasing stream temperatures. And even though healthy ecosystems can reduce the operational costs of these structures, investing in restoring or enhancing various types of green infrastructure is rarely pursued—either as a substitute for or complement to gray infrastructure.
Despite America’s history of reliance on gray infrastructure, now is a critical time to tip the scales in favor of a green infrastructure approach to water-resource management. Investing in the conservation and improved management of natural ecosystems to secure and protect water systems can keep costs down and create jobs. Green infrastructure can also provide a suite of co-benefits for the air we breathe, the places we play, the wildlife we share our landscapes with, and the climate we live in.
Governments, corporations, and development agencies are increasingly interested in putting a dollar value on ecosystems in order to balance conservation and development needs, a concept known as “economic valuation.” For example, St. Maarten’s government recently established the country’s first marine national park after a local organization found that the area’s coastal ecosystems contribute $58 million per year through tourism and fisheries. Belize enacted a host of new fishing regulations based on a WRI valuation, which found that coral reef- and mangrove-associated tourism contributes $150 million-$196 million per year to the country’s economy. And in Bonaire, park managers used economic valuation to justify the Bonaire Marine Park’s establishment of user fees—making it one of the few self-financed marine parks in the Caribbean.
These stories show that economic valuation can indeed lead to better coastal policy, conserving these ecosystems and securing their important economic contributions. However, according to new WRI research, these cases tend to be the exception in the Caribbean.
Economic Valuation and Coastal Policy in the Caribbean
In the Caribbean, there is keen interest in economic valuation of coastal ecosystems to inform policy and improve natural resource management. But while the literature on the value of coral reefs and mangroves in the Caribbean continues to grow, these ecosystems continue to decline.
WRI and the Marine Ecosystem Services Partnership (MESP) took a closer look at the impact of previous economic valuation studies in the Caribbean. Out of more than 200 studies of the economic value of the Caribbean’s marine ecosystem goods and services, we were only able to identify 13 that actually influenced marine and coastal management policies, such as those in Bonaire, St. Maarten, and Belize.
Enabling Conditions and Lessons Learned
This paper assesses the policy influence of previous coastal ecosystem economic valuations in the Caribbean and identifies the key “enabling conditions” for valuations to influence policy, management, or investment decisions. These findings will inform WRI's and our partners’ efforts to...
“To tell the story of the corporation is to tell the story of a grand bargain gone awry,” says Pavan Sukhdev in his new book, Corporation 2020: Transforming Business for Tomorrow’s World. It’s a bold statement, but he backs up his claim persuasively. While many companies are reaching record profits, they’ve oftentimes come at the expense of ecological degradation, rising greenhouse gas emissions, unemployment, spikes in food and fuel costs, and social inequalities.
But Sukhdev has developed what he believes is a framework for shifting the private sector towards a greener, more equitable economy. WRI recently hosted Sukhdev at our Washington, D.C. office to discuss his new book and his vision for the future. The founder of GIST Advisory and former head of UNEP’s Green Economy Initiative joined a panel discussion with WRI’s Managing Director, Manish Bapna, and Naoko Ishii, CEO of the Global Environment Facility.
“Pavan has written a remarkable new book,” said WRI’s president, Andrew Steer, who opened Wednesday’s event. “It not just a book, but really a campaign to change corporations in four viable ways.”
The 4 “Planks” for Corporate Sustainability
Sukhdev’s framework for shifting the private sector towards greater social and environmental sustainability includes what he calls the “four planks of change:”
2011/2012 was a transition period as WRI said goodbye to President Jonathan Lash and welcomed new President Andrew Steer. With ample wind in our sails from 18 years of Jonathan’s leadership, the Institute’s accomplishments—many captured in this report—reflect both the strength and versatility he...
This post originally appeared on Forbes.com
The Amazon rainforest boasts incomparable biodiversity– home to one in 10 of all known species— and plays a vital role in regional water supply and global climate regulation. Yet, it is also a profitable working forest, benefitting both local businesses and international corporations.
Trying to reconcile the conservation and commercial roles of such biodiversity hotspots is no easy matter. But a group of multinational corporations— Anglo American, Danone, Grupo Maggi, PepsiCo, Natura, Vale, Votorantim, and Walmart— are attempting to do just that in Brazil.