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“There are no economies without ecosystems, but there are ecosystems without economies...” The Economics of Ecosystems and Biodiversity (TEEB) Report, European Communities (2008)

Ecosystem degradation can pose a number of risks to corporate performance as well as create new business opportunities.  
  •  Operational
  •  Regulatory and legal
  •  Reputational
  •  Market and product
  •  Financing

Business benefits:
  • Identifying new business risks and opportunities arising from a company’s dependence and impact on ecosystems and the functions they provide.
  • Framing and giving added urgency to risks or opportunities previously identified by management.
  • Anticipating new markets and influencing government policies that will emerge in response to ecosystem degradation.
  • Strengthening existing approaches to environmental and social management.
  • Improving stakeholder relationships.

The EFR methodology consists of five steps:
  1. Select the scope.
  2. Identify priority ecosystem functions.
  3. Analyze trends in priority functions.
  4. Identify business risks and opportunities.
  5. Develop strategies.

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