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News article20 March 2024Directorate-General for Environment1 min read

Release of the third edition of the Finance & Biodiversity guide on biodiversity measurement approaches


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The ‘Guide on Biodiversity Measurement Approaches’, now in its third edition, has been collaboratively developed by the EU Business & Biodiversity Platform and the Finance for Biodiversity (FfB) Foundation. This guide serves as a valuable resource for financial institutions, aiding them in comprehending various approaches to measuring their impact on biodiversity.  

Within the guide, nine biodiversity measurement tools are categorized into three groups: sector screening approaches, location screening approaches, and dependencies & impacts assessment. Each tool’s suitability, strengths, limitations, data requirements, and scopes are meticulously outlined.  

Notably, this edition introduces new elements, including two new tools - the Nature and Biodiversity Metrics (MSCI) and the Biodiversity Impact Assessment Tool (ISS ESG). Additionally, it categorizes the tools following frameworks such as the TNFD LEAP approach. The guide provides updated details and links for all tools, emphasizing their TNFD reporting suitability.  

Download the report here to stay updated on the biodiversity measurement approached for financial institutions.  


Publication date
20 March 2024
Directorate-General for Environment