Today’s world needs a new paradigm for doing business while ensuring the maintenance of biodiversity and its values. In relation to economic and social development, IUCN Oceania will seek to build on The Economics of Ecosystems and Biodiversity (TEEB) approaches and will work with governments, the private sector and civil society to identify opportunities to transform the practices of key economic sectors that negatively impact natural systems and the livelihoods of people who depend on them.