Biodiversity for Banks Program Launched by Equator Principles, WWF, BBOP

The Equtor Principles Association has recently co-launched the Biodiversity for Banks (B4B) program, with World Wildlife Fund (WWF) and the Business and Biodiversity Offsets Program (BBOP).


The objective of this program is to assist financial institutions to manage risks from biodiversity and ecosystem services in their lending decisions. B4B is developing and will deliver a set of training materials to assist the banking community in addressing biodiversity and ecosystems-related risks.


According to an EP Press Release, more than 20 banks from 15 countries recently met at the WWF headquarters in Washington D.C. as part of an inaugural training workshop. Regional workshops are now being planned to be held in Sao Paulo, Johannesburg, Singapore, London, and Beijing during 2012. These workshops will be open to any financial institution.


For more information about the program go to Biodiversity for Banks. Allow me also to share with you one of my related publications (Biodiversity Offset in Mining - Mining Environment Magazine). What is your expectation from this capacity building effort in terms of halting, offsetting and/or reversing biodiversity impacts around the world?  


About the author: Mehrdad Nazari (MBA, MSc, LEAD Fellow) is a Corporate Responsibility, Sustainability Reporting & ESIA Advisor, and Director of Prizma. He was previously an environmental consultant with Dames & Moore, Principal Environmental Specialist at the European Bank and CSR Research Director at CoreRatingsMehrdad has been involved in ESIAs for projcts located within biodiversity hotspots and co-delivered training courses on Equator Principles, IFC Performance Standards, and GRI’s sustainability reporting framework. Access Prizma’s latest newsletters here.