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Biodiversity

Biodiversity offsets and the mitigation hierarchy: a review of current application in the banking sector

A study completed on behalf of the Business and Biodiversity Offsets Programme and the UNEP Finance Initiative by PricewaterhouseCoopers LLP

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This study was jointly commissioned by the United Nations Environment Programme Finance Initiative (UNEP FI) and the Business and Biodiversity Offsets Programme (BBOP), to explore the following themes:

● Familiarity and awareness among the financial sector of the biodiversity mitigation hierarchy and biodiversity offsets;

● Corporate policy approaches of banks in understanding and addressing biodiversity issues;

● Roles and responsibilities within banks on the management of biodiversity risks and opportunities; and

● The extent to which tools, resources and training are used in the management of biodiversity risks and opportunities.