The Cross-Sector Biodiversity Initiative (CSBI), a partnership between ICMM, IPIECA and the Equator Principles Association, has released practical guidance on the implementation of the mitigation hierarchy for the extractive sector. The Cross-sector guide for implementing the mitigation hierarchy provides step by step guidance showcasing innovative approaches and examples to support effective operationalisation of the mitigation hierarchy.
The guidance was developed in consultation and with input from technical specialists in impact assessment, extractive industry experts, financial institutions, and experts within the non-profit sector. The guide aims to:
1. cleary define the four steps of the mitigation hierarchy-avoid, minimise, restore and offset-and their application within managing biodiversity throughout the life cycle of an extractive project
2. provide clear, systematic guidance for determining and demonstrating biodiversity loss or gain as a result of mitigation efforts, highlighting links to ecosystem services where available and appropriate
3. provide practical measures for predicting and verifying biodiversity conservation outcomes over time
4. offer insight into documenting and comparing costs and savings resulting from mitigation action or inaction.
The publication is aimed at environmental professionals working in, or with, extractive industries and financial institutions, who are responsible for overseeing the application of the mitigation hierarchy to biodiversity conservation, while balancing conservation needs with development priorities.
A Cross-sector guide for implementing the mitigation hierarchy is a companion document to CSBI’s Timeline Tool and the joint CSBI-MFI Biodiversity Working Group’s Good practices for the collection of biodiversity baseline data.
About the CSBI
The Cross-Sector Biodiversity Initiative (CSBI) is a partnership between ICMM, IPIECA, and the Equator Principles Association, for developing and sharing good practice related to the management of
The Cross-Sector Biodiversity Initiative (CSBI) is a partnership between ICMM, IPIECA, and the Equator Principles Association, for developing and sharing good practice related to the management of biodiversity in the extractive industries. The initiative provides a unique collaborative platform for convening the collective knowledge and expertise of practitioners working across the three participating sectors: finance, oil and gas and mining.
CSBI has developed products that guide users towards limiting, as far as possible, the negative impacts of develppment projects on biodiversity, and realising positive impacts where possible. Tools and guidance available through CSBI can be downloaded here.