Compliance with certification schemes and financial institutions’ safeguard policies

15. Compliance with certification schemes and financial institutions’ safeguard policies

Reviewing the presence of a business’ operations in KBAs will help assess compliance with voluntary sustainability standards and financial institutions’ safeguard policies, which often require consideration of impacts on areas of high biodiversity value, such as KBAs.

 

How can the World Database of Key Biodiversity AreasTM help? The World Database of Key Biodiversity AreasTM can provide relevant input for the identification of critical habitats, which is required by most financial institutions’ safeguard policies, and of High Conservation Value Areas, which are often included in sustainability standards for certification processes.

 

More about this guideline

The following documents and websites provide an overview of how the various voluntary sustainability standards integrate biodiversity criteria, including references to KBAs:

UNEP-WCMC 2011. Review of the Biodiversity Requirements of Standards and Certification Schemes: A snapshot of current practices. Secretariat of the Convention on Biological Diversity, Montréal, Canada. Technical Series No. 63, 30 pages. https://www.unep-wcmc.org/system/dataset_file_fields/files/000/000/086/original/rep_cbd-ts-63-en.pdf?1398440307

Standards Map: Standards Map provides information on over 210 standards, codes of conduct, and audit protocols addressing sustainability hotspots in global supply chains.http://www.standardsmap.org/identify

State of Sustainability Initiatives supported by the International Institute for Sustainable Development. See https://www.iisd.org/ssi/ and in particular Standards and biodiversity: thematic review. Potts J., Vora V., IISD 2017, http://www.iisd.org/sites/default/files/publications/standards-biodiversity-ssi-report.pdf