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Guide to corporate ecosystem valuation released

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04 May 2011

The World Business Council for Sustainable Development (WBCSD) has launched a Corporate Ecosystem Valuation (CEV) Guide.

The Economics of Ecosystems and Biodiversity study (TEEB) introduced the concept of ecosystem valuation as a practical and influential aid to decision-making (see our earlier story). Going forward, ecosystem valuation is expected to be more consistently incorporated into public policies, regulations, and political decisions. Ecosystem values are also expected to be increasingly considered by the finance sector and business-to-business customers as they assess the biodiversity and ecosystem-related risks and opportunities of investments and supply chains.

The CEV Guide to Corporate Ecosystem Valuation is designed to "operationalise" TEEB's key messages and recommendations by providing a practical approach for their effective application at the company level.

The International Integrated Reporting Committee (IIRC) is working towards presenting an integrated reporting proposal to the G20 later in 2011 and the work of TEEB and the WBCSD may complement the proposals presented.

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