Ecosystems Services for Corporate Decision Making: Stakeholder Dialogue
Hosted by the World Resources Institute, INSPIRE Institut, and UNEP
This World Resources Institute (WRI) and INPSPIRE Institute dialogue will gather a select group of experts in biodiversity, ecosystem services, and corporate sustainability to advance thinking on the integration of ecosystem services concepts into existing corporate decision making systems, tools, and procedures.
16 rue Claude Bernard-
Since publication of the Corporate Ecosystem Services Review (ESR) in March, 2008, an estimated 200-300 companies have used the method. They report that the ESR added value to existing environmental management tools and due diligence systems by:
Uncovering new risks and opportunities, mostly related to regulating ecosystem services
Revealing the dependence business units have on ecosystem services, not just impacts
Linking business activity directly with the health of ecosystems, not just measuring throughputs
Managers noted the ESR’s ability to educate staff and spur innovation, and how its flexibility allowed it to be used across sectors and departments. They also expressed interest in standardizing the use of the ESR’s core concepts by embedding them into existing corporate decision making systems, tools, and procedures.
In response, WRI, with sponsorship from the UNEP, launched the Ecosystem Services for Corporate Decision Making project to develop guidelines for this integration. The dialogue on March fifth will provide experts an opportunity to guide this project’s work. Special attention will be given to:
ISO standards for Environmental Management Systems
Global Reporting Initiative’s framework for Sustainability Reporting, and