IUCN, Ramsar and Danone plan new agreement
24 October 2008 | News story
IUCN was recently invited by the Secretariat of the Ramsar Convention, which is hosted by IUCN and has a long-standing partnership with the Danone Group, to help develop a new initiative to assess the feasibility of generating certified carbon offsets through wetland restoration and conservation.
The initiative is to be funded by Danone as part of the voluntary climate mitigation activities of their subsidiary, Evian.
In accordance with IUCN's Operational Guidelines for Private Sector Engagement (2006), such agreements with business entities "should be subjected to risk assessment and due diligence, in order to determine the appropriateness of engagement with a private sector entity, as well as the form that any engagement should take." The results of a preliminary due diligence of the Danone Group suggest that the potential benefits of engagement far outweigh the risks, and that Danone is an appropriate partner for IUCN, particularly in the area of water resource management. The full due diligence report is available here.