Cross Sector Biodiversity Initiative

ICMM, IPIECA (the global oil and gas industry association for environmental and social issues) and the Equator Principles Association launched a Cross-Sector Biodiversity Initiative (CSBI) in Washington, D.C. on 6 February 2013.

The initiative was created to develop and share good practices and practical tools to apply the new International Finance Corporation's (IFC) Performance Standard 6 on Biodiversity Conservation. IFC's Performance Standards have become globally recognized as a benchmark for environmental and social risk management in the private sector.

CSBI aims to share experiences and to create a culture of learning and continuous improvement. Although the CSBI is an industry forum, the group will engage with non-industry groups who have interest and experience in offsets and the biodiversity mitigation hierarchy included in IFC performance standard 6.

CSBI is looking to seek input on overall strategic directions for the initiative and welcomes interested parties to get in contact with   JLIB_HTML_CLOAKING (Email:  JLIB_HTML_CLOAKING ) or IPIECA for further information.

TIMELINE TOOL

On 27 January 2014, the CSBI launched a Timeline Tool designed to assist project planning in the extractives industries to better align project development, biodiversity impact management, and financial timelines and milestones.

The tool:

  • Provides a road-map that helps to identify critical milestones and inter-dependencies between project development and financing timelines
  • Identifies actions required to apply the mitigation hierarchy to effectively address potential impacts as early as possible in the project life-cycle
  • Raises awareness and highlights sensitivities and operational challenges associated with biodiversity impact mitigation
  • Can be used as an internal capacity building resource or communications tool as it supports the work of a variety of functions in project planning and execution.

CROSS SECTOR BIODIVERSITY INITIATIVE CHARTER

Mission Statement

The parties to this Charter (IPIECA, ICMM and the EP Association) agree to provide leadership in developing and sharing good practice related to biodiversity and ecosystem services in the extractive industry.  This initiative supports our broader goals of applying innovation and transparency through the mitigation hierarchy with respect to biodiversity and ecosystem services throughout our members’ project activities.

Charter

Companies from the extractive and finance sectors recognise that there are both business risks and opportunities related to biodiversity conservation. The parties have united to promote the use of scientifically valid, innovative and practical applications of the mitigation hierarchy to manage potential project related impacts on biodiversity and ecosystem services as outlined in the International Finance Corporation Performance Standard 6 (IFC PS6, 2012). The order of preference for mitigating biodiversity impacts is avoidance, minimisation, restoration and offset.

The parties agree to share experiences from their operations and to identify and develop practical tools and good practices as part of a culture of learning and continuous improvement.

The parties encourage the timely application of the first three stages of the mitigation hierarchy (avoidance, minimisation and restoration) in order to drive improved project design and technical innovation. In cases where residual impacts remain, the last stage of the mitigation hierarchy (offset) may then be implemented to achieve the project’s conservation objectives.

In the application of the mitigation hierarchy, and in the implementation of offsets in particular, the parties recognise the importance of:

  • balancing environmental, social and economic priorities;
  • using scientific and traditional knowledge;
  • maintaining the benefits from and access to ecosystem services;
  • local stakeholder engagement, understanding and/or support; and
  • promoting effective engagement and partnerships with stakeholders and the biodiversity conservation community.

 

Biodiversity for Banks Program (B4B)

 

 

 

 

The Biodiversity for Banks (B4B) program, co-launched by the Equator Principles Association, World Wildlife Fund (WWF) and the Business and Biodiversity Offsets Program (BBOP), is designed to help financial institutions overcome the challenges of incorporating risks associated with biodiversity and ecosystem services – all of the valuable resources provided by nature including safe drinking water – into their lending decisions.

RESOURCES

MODULE I: INTRODUCTION TO KEY CONCEPTS - PART I

Landscape/Seascape Level Analysis

MODULE II: INTRODUCTION TO KEY CONCEPTS - PART II
What is a Biodiversity Offset

Ecosystem Services

Living Natural Resources

MODULE III: SCREENING TRANSACTIONS
Online Databases and Mapping  Tools

Qualified Consultant Databases

MODULE IV: IMPACT ASSESSMENT, MANAGEMENT PLANS, AND ACTIONS PLANS
What makes a good ESIA?

What is a Biodiversity Action Plan, and what is its relationship to other management plans?

MODULE V: ADDRESSING UNCERTAINTY AFTER THE FINANCIAL CLOSE
Monitoring Needs and Requirements

The Role of External Review Panels

 

Biodiversity for Banks Program (B4B)

 

 

 

 

The Biodiversity for Banks (B4B) program, co-launched by the Equator Principles Association, World Wildlife Fund (WWF) and the Business and Biodiversity Offsets Program (BBOP), is designed to help financial institutions overcome the challenges of incorporating risks associated with biodiversity and ecosystem services – all of the valuable resources provided by nature including safe drinking water – into their lending decisions.

RESOURCES

MODULE I: INTRODUCTION TO KEY CONCEPTS - PART I

Landscape/Seascape Level Analysis

MODULE II: INTRODUCTION TO KEY CONCEPTS - PART II
What is a Biodiversity Offset

Ecosystem Services

Living Natural Resources

MODULE III: SCREENING TRANSACTIONS
Online Databases and Mapping  Tools

Qualified Consultant Databases

MODULE IV: IMPACT ASSESSMENT, MANAGEMENT PLANS, AND ACTIONS PLANS
What makes a good ESIA?

What is a Biodiversity Action Plan, and what is its relationship to other management plans?

MODULE V: ADDRESSING UNCERTAINTY AFTER THE FINANCIAL CLOSE
Monitoring Needs and Requirements

The Role of External Review Panels

 

Biodiversity for Banks Program (B4B)

 

 

 

 

The Biodiversity for Banks (B4B) program, co-launched by the Equator Principles Association, World Wildlife Fund (WWF) and the Business and Biodiversity Offsets Program (BBOP), is designed to help financial institutions overcome the challenges of incorporating risks associated with biodiversity and ecosystem services – all of the valuable resources provided by nature including safe drinking water – into their lending decisions.

RESOURCES

MODULE I: INTRODUCTION TO KEY CONCEPTS - PART I

Landscape/Seascape Level Analysis

MODULE II: INTRODUCTION TO KEY CONCEPTS - PART II
What is a Biodiversity Offset

Ecosystem Services

Living Natural Resources

MODULE III: SCREENING TRANSACTIONS
Online Databases and Mapping  Tools

Qualified Consultant Databases

MODULE IV: IMPACT ASSESSMENT, MANAGEMENT PLANS, AND ACTIONS PLANS
What makes a good ESIA?

What is a Biodiversity Action Plan, and what is its relationship to other management plans?

MODULE V: ADDRESSING UNCERTAINTY AFTER THE FINANCIAL CLOSE
Monitoring Needs and Requirements

The Role of External Review Panels

 

Best Practice & Resources

Please find below all the publicly available Equator Principles best practice and document downloads:

 

 

Best Practice & Resources

Please find below all the publicly available Equator Principles best practice and document downloads:

 

 

Best Practice & Resources

Please find below all the publicly available Equator Principles best practice and document downloads:

 

 

The Equator Principles Working Groups

The Equator Principles (EP) Association Working Groups are created by the EP Association Steering Committee to discuss and provide guidance to Equator Principles Financial Institutions (EPFIs) and/or their stakeholders on issues associated with the management, administration or development of the EP.

EPFIs are not required to join a Working Group, however, they are encouraged to do so if they have any specific expertise or interest, and believe they can contribute.

There are currently ten EP Association Working Groups and their remits in brief are:

WORKING GROUP

LEADS

REMIT

CORE

Designated Countries Working Group

Citi and Crédit Agricole CIB

The goal of the Designated Countries Working Group is to re-examine the distinction between Designated (High Income OECD) and non-Designated countries in the EPs and ensure that we still apply a robust environmental and social risk assessment framework globally.

Capacity Building & Training Working Group

ING Bank and Banco Santander

The Capacity Building & Training Working Group is responsible for the development, and facilitation of, learning and knowledge sharing opportunities within the EP Association that support EP Association Members in their understanding and implementation of the EP.

Consistency

EDC and Bank of Tokyo-Mitsubishi UFJ

The Consistency Working Group supports EPFIs in the application and implementation of the EP by developing guidance and managing implementation queries.

External Relations

EP Association Steering Committee

The External Relations Working Group provides the overarching structure for the management of the EP Association’s engagement and communication with external parties and stakeholders.

THEMATIC

Biodiversity

Citi and CIFI

This Working Group engages with the International Finance Corporation regarding incorporation of biodiversity and ecosystem services into the Performance Standards and to share good practice in risk management of biodiversity issues.

Climate Change

Commonwealth Bank of Australia (CBA) and Export Development Canada (EDC)

This Working Group engages with the International Finance Corporation regarding implementation of their climate change strategy into the Performance Standards and to share good practice in climate risk management practices.

Social Risk

Bank of Tokyo-Mitsubishi UFJ and Efic

This Working Group is working to understand emerging practices in social risk management in project finance.


 

 

Related Content:

The Equator Principles Working Groups

The Equator Principles (EP) Association Working Groups are created by the EP Association Steering Committee to discuss and provide guidance to Equator Principles Financial Institutions (EPFIs) and/or their stakeholders on issues associated with the management, administration or development of the EP.

EPFIs are not required to join a Working Group, however, they are encouraged to do so if they have any specific expertise or interest, and believe they can contribute.

There are currently ten EP Association Working Groups and their remits in brief are:

WORKING GROUP

LEADS

REMIT

CORE

Designated Countries Working Group

Citi and Crédit Agricole CIB

The goal of the Designated Countries Working Group is to re-examine the distinction between Designated (High Income OECD) and non-Designated countries in the EPs and ensure that we still apply a robust environmental and social risk assessment framework globally.

Capacity Building & Training Working Group

ING Bank and Banco Santander

The Capacity Building & Training Working Group is responsible for the development, and facilitation of, learning and knowledge sharing opportunities within the EP Association that support EP Association Members in their understanding and implementation of the EP.

Consistency

EDC and Bank of Tokyo-Mitsubishi UFJ

The Consistency Working Group supports EPFIs in the application and implementation of the EP by developing guidance and managing implementation queries.

External Relations

EP Association Steering Committee

The External Relations Working Group provides the overarching structure for the management of the EP Association’s engagement and communication with external parties and stakeholders.

THEMATIC

Biodiversity

Citi and CIFI

This Working Group engages with the International Finance Corporation regarding incorporation of biodiversity and ecosystem services into the Performance Standards and to share good practice in risk management of biodiversity issues.

Climate Change

Commonwealth Bank of Australia (CBA) and Export Development Canada (EDC)

This Working Group engages with the International Finance Corporation regarding implementation of their climate change strategy into the Performance Standards and to share good practice in climate risk management practices.

Social Risk

Bank of Tokyo-Mitsubishi UFJ and Efic

This Working Group is working to understand emerging practices in social risk management in project finance.


 

 

Related Content:

The Equator Principles Working Groups

The Equator Principles (EP) Association Working Groups are created by the EP Association Steering Committee to discuss and provide guidance to Equator Principles Financial Institutions (EPFIs) and/or their stakeholders on issues associated with the management, administration or development of the EP.

EPFIs are not required to join a Working Group, however, they are encouraged to do so if they have any specific expertise or interest, and believe they can contribute.

There are currently ten EP Association Working Groups and their remits in brief are:

WORKING GROUP

LEADS

REMIT

CORE

Designated Countries Working Group

Citi and Crédit Agricole CIB

The goal of the Designated Countries Working Group is to re-examine the distinction between Designated (High Income OECD) and non-Designated countries in the EPs and ensure that we still apply a robust environmental and social risk assessment framework globally.

Capacity Building & Training Working Group

ING Bank and Banco Santander

The Capacity Building & Training Working Group is responsible for the development, and facilitation of, learning and knowledge sharing opportunities within the EP Association that support EP Association Members in their understanding and implementation of the EP.

Consistency

EDC and Bank of Tokyo-Mitsubishi UFJ

The Consistency Working Group supports EPFIs in the application and implementation of the EP by developing guidance and managing implementation queries.

External Relations

EP Association Steering Committee

The External Relations Working Group provides the overarching structure for the management of the EP Association’s engagement and communication with external parties and stakeholders.

THEMATIC

Biodiversity

Citi and CIFI

This Working Group engages with the International Finance Corporation regarding incorporation of biodiversity and ecosystem services into the Performance Standards and to share good practice in risk management of biodiversity issues.

Climate Change

Commonwealth Bank of Australia (CBA) and Export Development Canada (EDC)

This Working Group engages with the International Finance Corporation regarding implementation of their climate change strategy into the Performance Standards and to share good practice in climate risk management practices.

Social Risk

Bank of Tokyo-Mitsubishi UFJ and Efic

This Working Group is working to understand emerging practices in social risk management in project finance.


 

 

Related Content: