The Business and Biodiversity Offset Program (BBOP) is a 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.
These ten principles for good practice on biodiversity offset design and implementation offer a sound basis for ensuring high quality biodiversity offsets.
Biodiversity offsets are measurable conservation outcomes resulting from actions designed to compensate for significant residual adverse biodiversity impacts arising from project development and persisting after appropriate prevention and mitigation measures have been implemented. The goal of biodiversity offsets is to achieve no net loss, or preferably a net gain, of biodiversity on the ground with respect to species composition, habitat structure and ecosystem services, including livelihood aspects.
[NEW] Program Flyer: A brief printable overview of the BBOP program.
