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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: Currency

Indicator

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: Capital allocated to managing nature risks and opportunities

Metric type

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: Response

Framework alignment notes

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Target 19
TNFD A23.6 (mandatory credit market) and A24.4 (voluntary credit market)

Target example

[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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Energy

Value chain stage

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Manufacturing

Metric assessment

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Relevance: Medium

Feasibility: High

Related actions

Engage and collaborate with suppliers to adopt innovative, sustainable, and circular materials and solutions

Engage and collaborate with suppliers to adopt innovative, sustainable, and circular materials and solutions

Description

Value chain stage

Manufacturing

Sector of stage operator

Energy

How the action applies

E.g., wind turbines from fabric, turbine reefs.

Engage and invest in the restoration or afforestation of degraded land within or around operations

Engage and invest in the restoration or afforestation of degraded land within or around operations

Description

Value chain stage

Manufacturing

Sector of stage operator

Energy

How the action applies

Especially after clearance/decommissioning.

Adopt nature-based solutions

Adopt nature-based solutions

Description

Value chain stage

Manufacturing

Sector of stage operator

Energy

How the action applies

Coming soon