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.