Footprint zero - biodiversity offsets
Biodiversity offsets compensate for the residual, unavoidable harm to biodiversity caused by development projects. They aim to ensure no net loss of biodiversity.
Offsets are arousing much interest among the conservation and the private sector. They are viewed by many environmental groups as a way of securing more and better conservation, by companies as a means of securing and maintaining license to operate, and by investors as a mechanism to help minimize the risks associated with corporate impacts on biodiversity. Fauna & Flora International is working with several initiatives and associations to refine the structure of biodiversity offsets before they become an accepted business practice.
With the International Council on Mining & Metals, Fauna & Flora International has produced a proposition paper aimed at sparking a debate on - and eventually resolving - some of the key issues and unknowns linked to biodiversity offsets.
Fauna & Flora International is a member of the Business and Biodiversity Offset Programme which aims to show, through pilot project studies in a range of industry sectors, that biodiversity offsets can achieve significantly more, better and cost-effective conservation than occurs normally through infrastructure development.
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