IBBI releases publication “Bridging Business and Biodiversity: Innovative Approaches”

Friday, May 22, 2015

India and Business Biodiversity Initiative (IBBI) celebrated the International Day for Biological Diversity on 22nd May, 2015, and also its first year anniversary since its launch, as part of an event organised by the Ministry of Environment, Forests and Climate Change (MoEFCC), Government of India, in Srinagar, Jammu & Kashmir. During the inaugural session, the Chairman of IBBI, Mr. R Mukundan, Managing Director, Tata Chemicals Limited, declared that industry will be an equal partner to the government to conserve biodiversity.

Mr. Edgar Endrukaitis, Programme Director, Indo-German Biodiversity Programme, GIZ India appreciated the industry coming forward by stating, "Businesses are key stakeholders for biological diversity. I am delighted that Indian industry has embarked on this journey to mainstream sustainable management of biodiversity into business."

The released publication presents a step-wise process to understand business impacts and dependencies on biodiversity and ecosystem services across entire value chain. It highlights best practices of IBBI signatories that have undertaken the assessment using IBBI tools for quick scan and baseline assessment. As part of the project, six IBBI member companies have undertaken assessment of impacts and dependencies on natural capital and developed strategies in management of biodiversity and ecosystem services.

The event was attended by over 500 people, including senior state and central government officials. Mr. Bali Bhagat, Minister for Social Welfare, Forest, Ecology & Environment, Government of Jammu & Kashmir, and Mr. Hem Pande, Additional Secretary, MoEFCC, and Chairman, National Biodiversity Authority, Khurshid Ganai, Financial Commissioner Industries, R.K. Gupta, Principal Secretary Forest were amongst the dignitaries present at the event. Mr. Pande also had a discussion with the IBBI member companies like Ambuja Cements Limited and Vedanta Limited, who have positively contributed to conservation of biodiversity and improved the bottom line of their business.

For more detail, visit www.businessbiodiversity.in