Responsibilities in case of divestment

8. Responsibilities in case of divestment

The ongoing actions and commitments are passed on to new owners in case of divestment.

 

More about this guideline

Mergers and divestments can present challenges to the continuity of conservation programmes in Key Biodiversity Areas (KBAs). Depending upon the circumstances, new project operators may not give biodiversity management work the same level of priority and commitment as the previous operator.

The likelihood of seamlessly transferring biodiversity commitments and activities from one project owner to the next can be greatly increased if several actions are taken during the divestment negotiations. These include:

  1. ensuring that the business case for the conservation work is clearly communicated and presents the reputational risks, company exposure, and opportunities of the programmes in a way that is easily understood and resonates with the new owners;
  2. clearly listing any biodiversity management commitments in divestment documentation that captures the exiting owner’s operational, environmental, and social commitments;
  3. wherever possible, linking the conservation activities with operational compliance requirements; and
  4. capturing and using key stakeholder views on the conservation work to help reinforce the significance of this work for the continuation of the project’s social licence to operate.