You can download a DRM-free copy of this standard here .

What is BSI Flex 702 about?

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.

What does BSI Flex 702 cover?

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.

Who is BSI Flex 702 for?

This important standard will be particularly valuable to:

Those delivering and/or quantifying biodiversity outcomes.
UK-based schemes issuing nature-based units.
Suppliers of nature-based units.
Registries, trading platforms, and other nature market facilitators.
Consultants.
Environmental non-governmental organizations (NGOs).

It might be of interest to:

Buyers of nature-based units.
Non UK-based schemes issuing nature-based units.
Investors in nature-based projects.
Suppliers of land management.
Nature market verification and validation bodies.
Regulators and policy developers.
Academics.

Download a free copy of the standard here.

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.

BSI Flex 702 v1.0:2024-10

Nature markets. Supply of biodiversity benefits. Specification

Current

Published:

31 Oct 2024