Compliance
National laws, banking regulations and reporting requirements are becoming more demanding, driven in part by the overarching global agreement on biodiversity (the Convention on Biological Diversity) and its implementation.
- • A number of countries are undertaking reviews of ecosystem service status as a precursor to policy changes. The UK, for example, has undertaken a National Ecosystem assessment and released a policy paper on the Natural Environment
- • New EU regulations place an obligation on retailers of timber to have in place due diligence processes to ensure the legality of timber sourced
- • New legal requirements set out in the Nagoya Protocol on the distribution of benefits derived from the use of natural products in agriculture may impact on the costs or access to supply of these products
- • On an international level, the new strategy for the Convention on Biological Diversity sets out a role for market mechanisms and the private sector more broadly in helping halt the global decline of biodiversity. Signatories, including the UK, must now work to implement the new strategy
Regulatory compliance
- Payments for watershed management in France
- Managing regulatory risk associated with ecosystem services in Brazil (Bunge)
