WHAT IS YOUR BIODIVERSITY IMPACT?
The problem: “The current extinction rate is tens to hundreds of times higher than the average over the past 10 million years – and it is accelerating … More than half of the world’s total GDP is moderately or highly dependent on nature and its services, and it is – therefore – exposed to nature loss” – WEF. As is clear, biodiversity loss is a critical issue that investors and the business community at large need to address.
Our solution: Our biodiversity data solution estimates biodiversity impact, providing actionable insights.
- Your organization can easily start assessing biodiversity impact, since we can start with minimal input data.
- Company-level data can be incorporated for biodiversity deep dives.
- Value chain impact is included, giving a more complete picture of your biodiversity impact.
- The global coverage of our data solution makes it applicable to any region and industry.
Application: Our Biodiversity dataset can be used to assess the biodiversity impact of B2B interactions, investment portfolios and funds. Currently, it is being used by forward-thinking institutions – including a large Dutch bank and a large Dutch asset manager – to investigate the biodiversity impact of portfolios.
Free quick scan: To encourage engagement on this highly important topic, we are offering free biodiversity quick scans.
Biodiversity method in a nutshell
What is biodiversity? The variety of natural life in the world.
Why measure biodiversity impact? Biodiversity provides many services to society, such as cleaning the air or purifying water. However, biodiversity is rapidly declining, leading to a growing ecological overshoot.
What causes biodiversity loss? In GID, we measure the biodiversity loss caused by land use, climate change, air pollution, and water pollution (we may add other causes in the future). See table for indicators.
How do we estimate biodiversity impact? Firstly, we look at emissions of GHG and pollutants, and at land use. Afterwards, we translate them into relative species loss for different biomes. Finally, we monetise following the True Price method.
- Granularity: Biodiversity loss is calculated for 140 countries and regions x 65 sectors.
- Value chain scope: Attributed impact results for the complete upstream and downstream value chain.
- Non-monetized biodiversity: Biodiversity impact measures the reduction of species compared to an habitat undisturbed by human activities, e.g. comparing naturally occurring forest with cropland.
- Monetised biodiversity: Value of nature is used to monetise biodiversity loss.
How to use biodiversity data?
- Perform Hotspot analysis, based on countries and sectors, of operations or investments.
- Enhance hotspot using the value of B2B interactions, e.g. ROI for investments.
- Do companies’ own operations deep dive using company own operations data.
- Carry out value chain in-depth assessment using company value chain data.