Cross-Sector Biodiversity Initiative (CSBI)
ICMM is partnering with the oil and gas and financial sectors in a Cross-Sector Biodiversity Initiative. This forum is enabling cross-industry learning on the use of the biodiversity mitigation hierarchy and the application of biodiversity offsets. ICMM partners are:
- the Equator Principle Association - a group of 79 banks committing to environmental and social standards in finance
- IPIECA - the global oil and gas industry association for environmental and social issues.
There is a limited body of experience on successfully implementing biodiversity offsets. Through this initiative, the partners aim to help build that body of experience by enabling information sharing and developing tools to address shared challenges.
The three associations have signed a charter that sets out the shared intentions.
The year 2013 was a trial year for the initiative and includes the sharing of case studies and the scoping of potential projects.
CSBI Timeline Tool
CSBI has launched the CSBI Timeline Tool designed to assist project planning in the extractives industries. The aim of the tool is to better align project development, biodiversity impact management, financial timelines and milestones.