IPIECA and the UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) are launching the Biodiversity and ecosystem services horizon scanning report 2021, which explores and identifies key drivers, challenges and opportunities for biodiversity and ecosystem services (BES) management in the oil and gas industry.
The Post-2020 Global Biodiversity Framework will set out an ambitious plan to galvanise urgent and transformative BES action, calling for governments to set national plans and targets in line with the framework and the private sector to contribute to the conservation, restoration and improvement of biodiversity. Many oil and gas companies have already adopted strong risk management frameworks based on international practices for impact mitigation.
This document aims to:
- provide a summary of key BES issues and risks for the oil and gas industry in the near and long-term; and
- highlight opportunities where the industry and the private sector can actively contribute to the conservation and restoration agenda.