2. Contents
About WBCSD & Regional Network
Speaking same language – key concepts
Ecosystem tools for business
Focus on CEV
Brief overview of methodology
Next steps
Broader eco valuation landscape
2
6. Types of ecosystem services
Provisioning Regulating Cultural
Goods or products produced Natural processes regulated by Non-material benefits obtained
by ecosystems ecosystems from ecosystems
Supporting
Functions that maintain all other services
6
7. Impact & dependence
Business impacts on ecosystems and
ecosystem services
Ecosystem change creates
business risks and
opportunities
Business depends on ecosystems
and ecosystem services
7
8. How can business respond to their
ecosystem-related issues?
1. Measure, manage and mitigate risks and impacts
2. Improve decision-making by undertaking corporate ecosystem
valuation to quantify business risks and opportunities
3. Innovate and help develop new markets for ecosystem
services and eco-efficient goods, services & technologies
4. Encourage suppliers & purchasers to adopt best practices
5. Enter into local partnerships to address on-the-ground issues
6. Promote “smart” ecosystem regulation that leverages market
forces and business solutions that halt degradation and “levels
the playing field” for all
8
9. Relevant tools of interest – examples
Ecosystem Services Review (ESR): helps
manage dependence and impact on ecosystems (v.2
launch 8 Feb)
Guide to Corporate Ecosystem Valuation
(CEV): framework for improving decision-making by
valuing ecosystem service related risks & oppies
Business Ecosystems Training (BET):
modular capacity building program for business (launch
24 Feb)
Eco4Biz mapping / “guide”: overview of
ecosystem-related tools & approaches used by
business (to be developed in 2012)
9
10. Corporate Ecosystem Services Review (ESR)
Helps identify & manage risks and
opportunities arising from dependence and
impact on ecosystems
WRI/ WBCSD/ Meridian Institute
Approx. 300 cies using tool since
March ‘08 launch
6 languages
Version 2 to be launched 8 Feb
10
11. Guide to Corporate Ecosystem Valuation (CEV)
What the Guide is
A framework for improving corporate decision-
making by valuing ecosystem services
A set of resources to navigate through related
jargon and techniques
What the Guide is not
X A price list of biodiversity & ecosystem services
X A calculator to “crunch numbers”
X A stand-alone methodology
11
13. How CEV helps improve decision-making and…
Save costs
e.g. cheaper & more effective waste management options
(DuPont)
Reduce taxes
e.g. gain deductions in Federal taxes (Alleghny Power)
Get new revenue streams
e.g. implement a fee-to-access program for recreational
users of unused lands (Potlatch Corp)
Assess liability & compensation risks
e.g. calculate oil spill natural resource damages to be used
in courts of law (ExxonMobil)
and more…
13
14. Do you need to conduct a CEV at all?
Before using CEV, ask yourself:
Are your impacts & dependencies on
ecosystem services significant or
material (e.g. Corporate Ecosystem
Services Review)?
Do you need CEV to make a decision?
Is there a mandatory requirement?
14
15. 5 stages to undertake a CEV exercise
Preparation Valuation Post valuation
1) 2) 3) 4) 5)
Scoping Planning Valuation Application Embedding
define develop actual use & embed the
scope for suitable plan valuation: communicate CEV
valuation to undertake may be valuation approach
exercise, valuation qualitative, results to within
using effectively quantitative influence company
checklist of and/or internal & processes &
questions monetary external procedures
decision-
making
15
16. Hierarchy of valuation approaches
Monetary
values not
Monetary always
available
or required
Quantitative
Qualitative
Source: P. ten Brink as cited in TEEB – an
interim report (2008) 16
17. Resources available on wbcsd.org/web/cev.htm
Reports & guide Additional
resource notes PPT packs
•Concepts FAQ
•Selection & Road tester
application of summaries
techniques
17
18. Messages
Business depends and impacts on biodiversity &
ecosystem services
CEV can help business manage risk and consider new
business opportunities
Valuing these impacts and dependencies helps business
make better decisions
Ecosystem valuation will increasingly be considered by
governments, finance sector and business-to-business
customers
CEV process is complementary to other business tools
(e.g. ESIAs, LCAs)
18
19. Next steps
Promote uptake, incl. simpler communication
Help users, incl. Business Ecosystems
Training (BET) module 3 is on valuation
Focus on true value of water
Link with other tools using Eco4Biz “guide” –
valuation is not best approach in all cases
Strive to remain leading & progressive biz
voice, but give companies a chance to grasp
these new concepts!
19
21. Other players / initiatives
The Economics of Ecosystems and Biodiversity
(TEEB)
WBCSD is “operationalizing” TEEB at the company
level
WBCSD was editor of chapters 2 and
4 in TEEB for Business (D3)
WBCSD will be involved in TEEB for Business
Coalition – 1st meeting 27 Feb in London, hosted
by ICAEW
Valuing Nature Network
http://www.valuing-nature.net/
21
22. My favorite sentence in the Guide to CEV…
“We see the value of
ecosystem valuation.”
22