2020 is an important year for biodiversity, with the expected launch of the post-2020 global biodiversity framework at the CBD COP-15 in October 2020, which is seen as a stepping-stone towards the 2050 UN CBD Vision of “Living in harmony with nature”.
IPIECA, on behalf of its members, supports the need for efforts from the international oil and gas industry to mitigate impacts on biodiversity. Managing biodiversity and ecosystem services: Mainstreaming the mitigation hierarchy outlines the key messages on BES good practices for the industry.
Key messages from the document:
- IPIECA and IOGP members take an environmental risk-based approach to managing biodiversity and ecosystem services.
- The mitigation hierarchy (avoid, minimise, restore, offset) offers the oil and gas industry and governments a framework for good practice management.
- The oil and gas industry can play a role to support governments and civil society in achieving global and local conservation goals.
The document explores the different roles of industry and governments, and how they can support and work with each other to mainstream biodiversity.