Biodiversity credits: A guide to support early use with high integrity

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Biodiversity credits: A guide to support early use with high integrity

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Nature conservation and restoration Sustainable investment

This joint report produced by the World Economic Forum and McKinsey & Company Sustainability covers some of the ways in which companies could support value creation through biodiversity credits.

The report identifies four interrelated causes of use:
- improve carbon credits for better outcomes in nature,
- access ecosystem services as inputs,
- contribute to the recovery of nature beyond its own impact, and
- Offer projects linked to the recovery of nature.

Biodiversity credits are not a magic bullet
Improper use of biodiversity credits can harm nature and local communities, and expose buyers to strategic, operational, and reputational risks:
- Improper use could take the form of greenwashing, for example, if it is perceived to replace significant efforts to avoid and reduce the impact on nature.
- Attention to stakeholders about uses and outcomes can expose companies to substantial risks.
- The use of low-integrity credits may also risk further degradation of nature.

The value they can create depends largely on the level of transparency, credibility and alignment with principles of high environmental and social integrity. If the conditions are met, they have great potential to help us truly live in full harmony with nature by 2050.

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