Guidelines on business and KBAs: managing risk to biodiversity
A roadmap for businesses operating in some of the most biologically significant places on the planet has been issued today by the Key Biodiversity Area Partnership involving 12 of the world’s leading conservation organisations – including IUCN, International Union for Conservation of Nature. The report, Guidelines on Business and KBAs: Managing Risk to Biodiversity outlines steps that businesses can take to actively safeguard biodiversity and avoid contributing to its loss. It recommends businesses of all sizes and across all sectors to adopt 15 guidelines to better manage their direct, indirect and cumulative impacts on places deemed critical for the conservation of species and ecosystems worldwide, known as Key Biodiversity Areas (KBAs). The report addresses issues such as avoidance of impacts, limits to biodiversity offsets, as well as financial guarantees and corporate reporting. It guides businesses in managing the potential losses and other risks associated with their negative impact on biodiversity, including potential impacts on access to financing and increased company exposure to negative press.