A Cross-Sector guide for Implementing the Mitigation Hierarchy is published today by the Cross-Sector Biodiversity Initiative (CSBI), which is a partnership between IPIECA, the International Council on Mining and Metals (ICMM) and the Equator Principles Association. This good practice guide focuses on managing biodiversity using the mitigation hierarchy, and aims to balance conservation needs with development priorities to aid in the sustainable management of living, natural resources.
The guidance was, in part, developed in response to the challenges in implementing the International Finance Corporation (IFC) Performance Standard 6 (PS6) onBiodiversity Conservation and Sustainable Management of Living Natural Resources, revised in 2012.
“This has been an excellent opportunity to collaborate with sector-leading associations through CSBI. It has enabled the development of a flagship product, offering guidance on implementing the mitigation hierarchy throughout members’ project activities,” said Brian Sullivan, IPIECA’s Executive Director.
The CSBI has now developed a set of products to help manage and mitigate the potential impacts of development projects on biodiversity, and realising positive impacts when possible. This set includes the Timeline Tool designed to assist staff involved in extractive project planning to better align project development, biodiversity impact management, and financial timelines and milestones. It also includes Good Practices for the Collection of Biodiversity Baseline Data developed to help practitioners conduct a meaningful baseline to ensure that outcome can be measured over time.
The CSBI welcomes feedback on how the guidance has been used and any improvements that can be made. Formed in 2013, the CSBI is a unique collaboration, bringing together the three participating sectors (finance, oil and gas, and mining) to share their knowledge and expertise of biodiversity matters and develop practical tools.