Mandatory credit market schemes: Value of total biodiversity offsets purchased and sold by type and scope (geographies, activities)
Voluntaty credit market schemes: value of total biodiversity offsets purchased and sold by type and scope (geographies, activities)
Unit
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The unit(s) of measurement applicable to the metric.
: Currency
Indicator
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Indicators were developed by WBCSD. Learn more on the Methodology page.
: Capital allocated to managing nature risks and opportunities
Metric type
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The category of nature-related metrics. Learn more on the Methodology page.
: Response
Framework alignment notes
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The details of a metric’s alignment to each framework, including where the same or similar metric can be found within the listed framework.
GBF Target 19
TNFD A23.6 (mandatory credit market) and A24.4 (voluntary credit market)
Target example
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An example target and the target source are presented to illustrate how a target could be set for this metric. Learn more on the Methodology page.
[Company name] aims to limit the purchase of [voluntary and/or mandatory] biodiversity offsets to no more than [target amount, in absolute amount, or percentage] of our total impact mitigation efforts by [target year], ensuring that offsets are used only as a last resort after all other mitigation measures have been exhausted.
Target source: WBCSD target template
Sector
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Each metric applies to one sector.
Energy
Value chain stage
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Each metric applies to one or more stages of the value chain aligned with the associated actions.
Manufacturing
Metric assessment
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The relevance and feasibility scores were determined by WBCSD member companies. Learn more on the Methodology page.
Relevance:Medium
Feasibility:High
Related actions
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The other actions that the metric is mapped to.
Engage and collaborate with suppliers to adopt innovative, sustainable, and circular materials and solutions
Engage and invest in the restoration or afforestation of degraded land within or around operations