Biodiversity Risk Assessment

The extent to which companies are exposed to biodiversity-related risks varies considerably. Factors such as the materials used, policy context, supply chain and adaptability can play a major role in determining an organisation's relationship with biodiversity and, therefore, the extent of risk exposure. For many organisations, the first stage is to undertake a risk assessment to help understand the scale, nature and immediacy of potential biodiversity-related issues.

Context Analysis

When it comes to creating a corporate biodiversity strategy, we believe it is critical to consider the context of the organisation. This means we take the time to understand how your business functions so that we can then tailor our advice to meet your needs. We consider a broad range of factors, from decision making paradigms, to company culture and the structure of your value chain. The external setting is also reviewed to through policy reviews, and peer benchmarking. We build on this evidence base through interviews with key internal stakeholders which provide insights into how biodiversity sustainability is likely to affect different parts of your company, whilst also building the social capital needed for transformative change. The end result of this detailed analysis is the solid foundation needed for us to develop a corporate biodiversity strategy that is truely tailored to the needs of your company. 

Impact and Materiality Assessment

We work with companies to help them understand where their business impacts and depends on biodiversity. We are working with many companies including Kering, Primark and Tetra Pak to pilot Science Based Targets for Nature (SBTN), adhere to the Taskforce on Nature Related Financial Disclosures (TNFD) and comply with the EU Corporate Sustainability Reporting Directive (CSRD).

We have found that there is no one-size-fits-all approach or any single metric that deals with the real-world complexity of nature, so we design our assessments specifically to suit your decision-making needs. 

Corporate Biodiversity Strategy

We use a structured development process which brings stakeholders together through a series of decision making workshops to co-design a robust coporate biodiversity strategy. We use decision science approaches to establish a clear shared understanding of the fundamental objectives, allowing us to take an adaptable approach whilst retaining sight of our goals. This clear direction allows the team to identify key activities, review existing projects and draw out important synergies with other areas of sustainability. To provide structure, the team collectively create a strategic framework which helps our clients understand how separate elements interrelate to deliver the fundamental objectives. The strategic framework then provides a structure which allows us to create a holistic biodiversity strategy which guides reporting, informs decisions and leads directly to implementation and action.

Decision Support

Experience has taught us that for a strategy to lead to implementation, it must be translated into practical decision support. Our decision scientists will work with you to develop bespoke tools which help coordinate action across your company. Depending on your context these can vary considerably, we have extensive experience in producing everything from procurement guidlines, to decision matrices, biodiversity net gain protocols or action prioritisations.

We have found that corporate biodiversity sustainability is most effectively achieved when all elements of a business have clarity about their role within a holistic, well coordinated program.

Monitoring and Evaluation

Tracking the progress and impact of your biodiversity actions is essential for demonstrating success and improving your approaches. Our team is ready to work with you to develop a robust set of indicators and metrics which inform and evidence your journey in biodiversity sustainability.

We have found that a suite of approaches is needed because biodiversity interacts with many different aspects of a business. Our clients often want to track a broad range of aspects, including biodiversity impact, project progression, benefits to staff wellbeing, biodiversity net gain, goal delivery, policy alignment and ecosystem services. Our team combines expertise in a broad range of topics, allowing us to create a comprehensive system for managing your information needs.