Abstract
We have launched a next-generation framework for holistically measuring and reporting biodiversity impacts across markets, founded in established scientific methodologies but applied by industry to renewable energy assets on- and offshore for the first time.
The framework will allow us to deliver our net-positive 2030 ambition for all our clean energy assets. Our aim is to accelerate industry consensus on measuring biodiversity impacts, so that together we can achieve a global energy transition with positive outcomes for nature.
The framework is a new tool in that it incorporates global and local frameworks for nature impact reporting. It builds on the robust environmental measurement and monitoring we already do across the world, and is:
- broad enough to cater for a wide range of projects
- flexible enough to account for the specific biodiversity features in each location, and to enable targeted action with local partners.
Our approach, developed in collaboration with The Biodiversity Consultancy, aligns with emerging nature-related impact metrics and reporting frameworks from organisations like Science Based Targets for Nature, the Taskforce on Nature-related Financial Disclosures, World Economic Forum, and the Global Initiative for Nature, Grids, and Renewables.