Over the past half a year, IBBI has been working with 6 pilot companies to provide support in biodiversity management. Arisen from the need of companies to value their existing efforts towards conservation of biodiversity, it is anticipated to develop such a tool that will enable valuation of ecosystem services.
In this background, the Working Group will be instrumental in conceptualizing a valuation tool that will map and quantify the values of ecosystem services. The tool will be best suited for analyses of multiple services and multiple objectives and will broadly work on the principle “the benefits people obtain from ecosystems”. The tool will be able to cover all major sectors’ impacts and dependencies on biodiversity at site level and the supply chain level.