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Bringing sustainability to life: A framework to guide biodiversity indicator development for business performance management

Addison, PFE; Stephenson, PJ; Bull, JW; Carbone, G; Burgman, M; Burgass, MJ; Gerber, LR; ... MilnerGulland, EJ; + view all (2020) Bringing sustainability to life: A framework to guide biodiversity indicator development for business performance management. Business Strategy and the Environment , 29 (8) pp. 3303-3313. 10.1002/bse.2573. Green open access

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Abstract

Biodiversity loss is a critical sustainability issue, and companies are beginning to seek ways to assess their biodiversity performance. Initiatives to date have developed biodiversity indicators for specific business contexts (e.g., spatial scales—from site, to product, to regional, or corporate scales); however, many are not widely translatable across different contexts making it challenging for businesses seeking indicators to manage their biodiversity performance. By synthesising the steps of common conservation and business decision‐making systems, we propose a framework to support more comprehensive development of quantitative biodiversity indicators, for a range of business contexts. The framework integrates experience from existing tried‐and‐tested conservation frameworks. We illustrate how our framework offers a pathway for businesses to assess their biodiversity performance and demonstrate responsible management by mitigating and reversing their biodiversity impacts and sustaining their dependencies, enabling them to demonstrate their contribution to emerging global biodiversity targets (e.g., Convention on Biological Diversity post‐2020 targets).

Type: Article
Title: Bringing sustainability to life: A framework to guide biodiversity indicator development for business performance management
Open access status: An open access version is available from UCL Discovery
DOI: 10.1002/bse.2573
Publisher version: http://dx.doi.org/10.1002/bse.2573
Language: English
Additional information: © 2020 The Authors. Business Strategy and The Environment published by ERP Environment and John Wiley & Sons Ltd This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
Keywords: impact mitigation, management system, metric, risk management, sustainability, CHALLENGES, IMPACT, MODEL
UCL classification: UCL
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences > Faculty of Life Sciences
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences > Faculty of Life Sciences > Div of Biosciences
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences > Faculty of Life Sciences > Div of Biosciences > Genetics, Evolution and Environment
URI: https://discovery.ucl.ac.uk/id/eprint/10118046
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