The Biodiversity Guidance was developed as a stepwise approach to incorporate biodiversity into natural capital assessments. It guides companies through the process of including the value of biodiversity in their natural capital assessments and how to operationalize this information in internal decision making.
The Biodiversity Guidance is applicable to all business sectors, at any geography and any organizational level. It is designed to work in 4 stages, ‘Why’ (Framing Guidance), ‘What’ (Scoping Guidance), ‘How’ (Measure and Value Guidance) and ‘What next’ (Application Guidance).
The Guidance has been designed to closely mirror the Natural Capital Protocol. An overarching Biodiversity Guidance Navigation Tool will also be made available for businesses. Using a series of questions, the Navigation Tool will guide you through the Frame, Scope, Measure and Value, and Apply Stages of the Protocol and Biodiversity Guidance in order to carry out a biodiversity-inclusive natural capital assessment.