Many development and commercial banks have adopted performance standards or requirements which oblige clients to seek to avoid and minimise harm caused to biodiversity by development projects, and finally to compensate for residual impacts. UNEP Finance Initiative and the Business and Biodiversity Offsets Programme (BBOP) are undertaking a study to more systematically analyse current practice in the financial sector with respect to the mitigation hierarchy and biodiversity offsets.

Biodiversity offsets and the mitigation hierarchy: a review of current application in the banking sector (2.6 MB | 43 pages)
Published: 2010 | by: PricewaterhouseCoopers, BBOP, UNEP FI