The Biodiversity Compact
- This is the Biodiversity Compact version 3.0
Business operations at any location have
an impact on microbes, animals, plants and ecosystems. Businesses that adhere to
the Biodiversity Compact recognise their accountability to protect the species
and habitats they directly control or indirectly influence. When they cease operations in, or divest control of a particular area,
they should enable the full restoration of species, habitats and ecosystem
services at that location. They should also help and encourage
their neighbours, supply chain partners and customers to do likewise.
Principle 1: Businesses should make
provision for the protection and latent restoration of the ecosystems in which
they operate or on which they rely. Special attention should
be given to those species on which the healthy functioning of the ecosystem
relies.
Principle 2: Businesses should quantify
the impacts of their operations and their sphere of influence (including supply chain and customers) on
biodiversity.
Principle 3: When planning new
developments or operations at a given location, businesses should seek designs
that minimise the costs of adhering to Principle 1 and to the avoidance of
operating in virgin habitats.
Principle 4: Businesses should seek to
exceed their obligations under Principle 1. For example, should they operate in
ecosystems that are already degraded, they should seek to restore those
ecosystems to full health; and they might extend the application of Principle
1 outside of their operations and into their sphere of
influence.
Signatories to the BIQ Compact will be acknowledged publicly on the
www.biqforum.org web site.