Filling the gap between academic research and business decision-making: the case of the Corporate Ecosystem Valuation
12:00 - 13:30
This presentation describes the Corporate Ecosystem Valuation (CEV), a valuation process to make better-informed business decisions by explicitly estimating the effects of the business activity on ecosystem services (ES). Valuation can make decision making around ecosystems more compelling and practical, thereby enhancing sustainable development strategies and outcomes. The first step of the CEV consists of identifying the ES that are mainly impacted by the business activity. This is generally done by using a survey-based technique Ecosystem Service Review (ESR). Then, the impacts of the business activity on the provision of ES are estimated in biophysical terms. This estimation is usually based on the land-use approach. Finally, the economic impacts induced by the related changes in quantity and/or quality of the ES are valued by using the most common techniques for valuing environmental goods and services.