The Business and Biodiversity Offset Program (BBOP) is a new partnership between companies, governments and conservation experts to explore biodiversity offsets. We are:
Demonstrating conservation and livelihood outcomes in a portfolio of biodiversity offset pilot projects;
Developing, testing, and disseminating best practice on biodiversity offsets; and
Contributing to policy and corporate developments on biodiversity offsets so they meet conservation and business objectives.
The BBOP partners wish to show, through a portfolio of pilot projects in a range of industry sectors, that biodiversity offsets can help achieve significantly more, better and more cost-effective conservation outcomes than normally occurs in infrastructure development. The BBOP partners also believe that demonstrating no net loss of biodiversity can help companies secure their license to operate and manage their costs and liabilities.
Our vision and expectation is that biodiversity offsets will become a standard part of business practice for those companies with a significant impact on biodiversity. The routine mainstreaming of biodiversity offsets into development practice will result in long-term and globally significant conservation outcomes.
Biodiversity offsets are conservation actions designed to compensate for the unavoidable impact on biodiversity caused by infrastructure projects, to ensure “no net loss,” and, preferably, a net gain of biodiversity. Offsets are only appropriate in the context of developments that are legal and appropriate, and when the developer has first used best practice to avoid and minimize harm to biodiversity.
Program Flyer: A brief printable overview of the BBOP program.
