Business and Biodiversity
IORA advises businesses in managing their biodiversity risk and developing biodiversity positive value chains.
IORA’s business and biodiversity services include:
- Assessment of biodiversity status in business catchment areas
- Assessment of current and prospective impacts of business on biodiversity
- Developing No Net Loss and Net Positive strategies for businesses
- Identifying financial instruments to incentivize business investments in biodiversity.
Developing Technical Strategy Document for Biodiversity Offsets Strategy: IUCN
IORA is a member of a global technical working group developing a strategy document to roll out biodiversity offsets as an instrument to achieve No Net Loss/ Net Gain of Biodiversity during developmental activities. The technical strategy document will feed into the working of the high level policy working group, assisting them as they work towards elaborating IUCN’s policy for developing a global biodiversity offsets policy for all member nations.
|Duration||December 2013 – April 2014|
|Client Name||IUCN, Switzerland|
TEEB Scoping Study for India
The Economics of Environment and Biodiversity (TEEB) is an international initiative to promote inclusion of the true value of ecosystem services in planning processes at governmental, societal and corporate levels, and develop markets for rewarding conservation. IORA co-authored the TEEB – India Scoping Study for the forestry sector in partnership with the Indian Institute of Science (IISc), Bangalore. The study was supported and published by the Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India (GoI).
|Duration||1stAugust 2012 – 1stDecember 2012|
|Client Name||GIZ, India & MoEFCC, GoI|
Scoping Study: Mainstreaming Biodiversity Business in India
IORA carried out a scoping study for the Ministry of Environment, Forest and Climate Change (MoEFCC) and GIZ, India on developing matrices for mainstreaming biodiversity concerns in the business practices of Indian corporates. This scoping study assessed the landscape of biodiversity initiatives in India and globally, and provided recommendations and offerings to establish appropriate practices for valuation and conservation of biodiversity. The scoping study shortlisted potential Indian companies for four pilot studies to showcase the benefits of this practice. Based on the outcomes of this study and our recommendations, the CII has developed the “India Business and Biodiversity Initiative” for India.
|Duration||April– September 2013|
|Client Name||GIZ, India and MoEFCC, GoI|
Business and Biodiversity: Estimation of Investments in India
IORA is a part of UNDP’s Biodiversity Finance Initiative (BIOFIN) which seeks to address the challenge of biodiversity finance by building a sound business model based on increased investment towards biodiversity management and conservation. IORA is assessing financial investments put forth by the private sector towards biodiversity conservation in India from 2007 onwards. This information is being used to project the expected investment from corporates until 2020. The study will also devise a feasible strategy to engage with the financial sector for identifying biodiversity financing and partnership opportunities and develop an actionable plan for identifying potential financial instruments for biodiversity conservation in India.
|Duration||1 December 2015 – 31 July 2016|
|Client Name||UNDP India and MoEFCC, GOI|