Science and Economics

Ecosystem Valuation

When businesses value environmental costs more consistently, better management decisions are made for the environment, society and the companies themselves.
flooded field with trees in back and blue sky

Biodiversity and ecosystem services are often considered public goods, i.e. the costs of destroying or damaging ecosystems are passed on from the user to society. NGOs have therefore been pushing companies to value their environmental costs, but if these services were valued more consistently by businesses would this help make better management decisions for the environment, society and the companies themselves.

  • In 2011, the World Business Council for Sustainable Development (WBCSD) released the Guide to Corporate Ecosystem Valuation (CEV), a framework for improving corporate decision-making by enabling companies to consider the values of the ecosystem services they depend and impact upon. IUCN, World Resources Institute, ERM and PWC worked together to develop the guide.
  • Case study Holcim – Ecosystem valuation was undertaken to assess the types and scale of economic benefits associated with wetland restoration following aggregates extraction.
  • Valuation workshop conducted at the World Conservation Congress, Jéju, September 2012, hosted by the Sub Global Assesment Network. Read the introduction and the valuation study.
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