By Michael Jones
‘Biodiversity’ at its easiest, refers back to the number of species inhabiting Planet Earth. it's necessary to the wellbeing and fitness of the planet. there's now a systematic consensus round the present ongoing challenge in biodiversity coming up from either weather swap and human actions. specialists think we're in the course of a mass extinction of biodiversity with devastating results for our planet.
Accounting for Biodiversity
explores the necessity for corporations to actively safeguard, preserve and enhance biodiversity inside of their sphere of operation. The 14 chapters written through a specific group of specialists examine the ways that businesses are embracing their accountability via quite a few biodiversity projects and leading edge versions designed to enhance the recording, reporting and valuing of biodiversity. international case experiences examine biodiversity accounting in Africa, Asia, Australasia, Europe and South the US. total, this ebook presents a finished set of reflections on accounting for biodiversity and proposals for the longer term.
This publication is key studying for all these drawn to the contribution that accounting could make to the maintenance of biodiversity. As we see expanding understanding of the significance of sustainability and ecological accountability in company job it truly is suitable and may turn out informative to scholars, managers, accountants and people in company extra regularly. it's also very important for all these drawn to keeping biodiversity.
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Extra info for Accounting for Biodiversity
Tropical forest biodiversity conservation 703 AAAJ 26,5 704 Biodiversity accreditation In addition to the VCS accreditation of the quantity of offset credits generated, Wildlife Works has also secured accreditation for its project by the Climate, Community and Biodiversity Alliance (CCBA). CCBA have developed a standard that will allow purchasers of offset credits to “identify land-based projects that are designed to deliver robust and credible greenhouse gas reductions while also delivering net positive benefits to local communities and biodiversity” (CCBA, 2008, p.
Why might they do it? What properties might such a product have that would give it value in that buyer’s world? Ecosystem Marketplace (2011a) reports the results of a survey of forest projects producing carbon offset credits. It found that 95 per cent of buyers of such credits were for-profit firms. The most common motivations were found to be purchases for re-sale to third parties (45 per cent), purchases to offset a firm’s own emissions (32 per cent), and purchases to build a firm’s competence in dealing with carbon markets in anticipation of a future compliance regime (17 per cent).
They can now use this fact without having to lift the lid of the black-box to show how the certification was actually achieved. On its website, Nedbank parades the purchase of the Kasigau Corridor offsets under the headline “Good, Clean Carbon Credits” and prominently cites the gold-level CCBA certification, describing it as “the most rigorous standard for ensuring that communities and biodiversity benefit from climate change projects” (Nedbank, 2011a). The CCBA certification fits Nedbank’s desire to present itself as a responsible corporate citizen.