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IPBES ‘Methodological Assessment of the Diverse Values and Valuation of Nature’

The independent intergovernmental biodiversity advisory body called Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) has published its Assessment Report on Diverse Values and Valuation of Nature.
 
Jennifer Ramos, our corporate/finance and biodiversity lawyer, and Zaneta Sedilekova, our biodiversity consultant, summarise points from the report which are relevant for commercial and environmental lawyers in their interview with LexisNexis.
 
They find that the recommendation for stakeholder consultation when valuing nature is relevant for advisors to corporations and directors in considering tools at their disposal to protect ecosystem services on which their business depends, in order to minimise potential loss of profits caused by loss of biodiversity and ecosystem services.
 
Furthermore, to achieve the transformative change required to tackle the biodiversity crisis, it is crucial that environmental advisors to policymakers and corporations integrate the diverse and multiple values of nature throughout the cycle of policy formulation, implementation and evaluation.
 
Finally, links between business and biodiversity are expected to be further assessed in the upcoming IPBES reports, which should clarify what kind of implications the scientist findings will have on the practice of both corporate and environmental law.

This interview was first published by Lexis®PSL on 5 August 2022 and can be found here.

Commonwealth Climate and Law Initiative
The CCLI examines the legal basis for directors and trustees to consider, manage, and report on climate change and broader environmental risks, opportunities and impacts, and the circumstances in which there may be liability for failing to do so. We also work to advance knowledge on effective sustainable governance practice.
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The Commonwealth Climate and Law Initiative is a company limited by guarantee registered in England and Wales with company number 11813153 and with registered office at 128 City Road, London, United Kingdom EC1V 2NX.

Commonwealth Climate and Law Initiative

The CCLI examines the legal basis for directors and trustees to consider, manage, and report on climate change and broader environmental risks, opportunities and impacts, and the circumstances in which there may be liability for failing to do so. We also work to advance knowledge on effective sustainable governance practice.

Contact

The Commonwealth Climate and Law Initiative is a company limited by guarantee registered in England and Wales with company number 11813153 and with registered office at 128 City Road, London, United Kingdom EC1V 2NX.

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