The Business and Biodiversity Offsets Programme (BBOP) is a collaboration of more than 80 leading organizations and individuals including companies, financial institutions, government agencies and civil society organizations, who are members of its Advisory Group. Together, the members are testing and developing best practice on biodiversity offsets and conservation banking worldwide.
The BBOP partners wish to show, through experience 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 believe that demonstrating no net loss of biodiversity can help companies secure their license to operate, better manage their costs and liabilities, and improve outcomes for affected communities.
We have developed a set of principles and methodologies informed by the on-the-ground experiences of our business partners to help developers demonstrate no net loss of biodiversity. In January 2012 BBOP released its Standard on Biodiversity Offsets which can be used by companies and auditors to assess risk and determine whether an offset has been designed and subsequently implemented in accordance with international best practice, as described in the BBOP Principles.
BBOP’s goals include:
In our current phase of work we are pursuing these goals through the following set of five broad and interlocking activities:
BBOP was established by Forest Trends in 2004 which currently serves on its Secretariat with the Wildlife Conservation Society. Click here to learn more about the governance of BBOP.