Protecting our natural environment is key to supporting biodiversity and can be achieved by scaling up investment in nature. One approach is through nature markets, which facilitate generating, storing, and trading nature credits. Biodiversity markets, a subset of nature markets, specifically support the variety of living organisms.
BSI Flex 702 adds requirements for biodiversity investment projects to BSI Flex 701’s nature market principles, enabling the integrity of UK biodiversity markets.
Note: BSI Flex 701 establishes an overarching framework and 22 core principles to help guard against greenwashing, support environmental outcomes and boost confidence. You can download a copy of BSI Flex 701 here.
The standard specifies requirements for biodiversity outcomes suitable for inset and offset projects, including in terrestrial and marine habitats. It covers processes, characteristics of biodiversity outcomes, additionality, and change measures.
It offers insights to drive market mechanisms for protecting nature and enhancing ecosystem services.
This important standard will be particularly valuable to:
It might be of interest to:
As part of the Nature Investment Standards Programme, we established an online hub for the development of a new consensus-based standards framework designed to overcome barriers and build trust in investing in nature. If you’d like to join the hub, please sign up here.