Cross-sector Biodiversity Initiative
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Cross-sector Biodiversity Initiative
The Cross-Sector Biodiversity Initiative (CSBI)] is a partnership between IPIECA - the global oil and gas industry association for environmental and social issues, the International Council on Mining and Metals (ICMM) and the Equator Principlesbr>Associationto develop and share good practices related to management of biodiversity and ecosystem services in the extractive industries. The initiative supports the broader goals of innovative and transparent application of thmitigation hierarchyin relation to biodiversity and ecosystem services, as defined in the International Finance Corporation The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of t ... (IFCPerformance Standard
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IPIECA
Ipieca is a global not-for-profit oil and gas industry association for environmental and social issues, headquartered in London. The association was established in 1974 as the International Petroleum Industry Environmental Conservation Association and changed its name in 2002. Company members contribute to Ipieca's budget according to an individually agreed percentage based on the volume of crude oil produced and petroleum products sold by each company and the number of geographical areas where the company has interests. Ipieca is the industry channel into UN's Intergovernmental Panel on Climate Change (IPCC) and the UNFCCC, both concerned with climate change. Its geographical coverage encompasses North America, Asia and the Pacific, Latin America and the Caribbean, Africa, Western Europe, Eastern Europe and the global energy market. Beginning in the 1980s, the organization was involved in efforts to dispute climate science and weaken international climate policy. See also ...
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Oil And Gas
A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and burned as a fuel. The main fossil fuels are coal, oil, and natural gas. Fossil fuels may be burned to provide heat for use directly (such as for cooking or heating), to power engines (such as internal combustion engines in motor vehicles), or to generate electricity. Some fossil fuels are refined into derivatives such as kerosene, gasoline and propane before burning. The origin of fossil fuels is the anaerobic decomposition of buried dead organisms, containing organic molecules created by photosynthesis. The conversion from these materials to high-carbon fossil fuels typically require a geological process of millions of years. In 2019, 84% of primary energy consumption in the world and 64% of its electricity was from fossil fuels. The large-scale burning of fossil fuels causes serious environmental damage. Over 80% of ...
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Industry Association
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association participates in public relations activities such as advertising, education, publishing, lobbying, and political donations, but its focus is collaboration between companies. Associations may offer other services, such as producing conferences, holding networking or charitable events, or offering classes or educational materials. Many associations are non-profit organizations governed by bylaws and directed by officers who are also members. In countries with a social market economy, the role of trade associations is often taken by employers' organizations, which also take a role in social dialogue. Political influence One of the primary purposes of trade groups, particularly in the United States, is to attempt to influence public policy in a dire ...
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Social Issues
A social issue is a problem that affects many people within a society. It is a group of common problems in present-day society and ones that many people strive to solve. It is often the consequence of factors extending beyond an individual's control. Social issues are the source of conflicting opinions on the grounds of what is perceived as morally correct or incorrect personal life or interpersonal social life decisions. Social issues are distinguished from economic issues; however, some issues (such as immigration) have both social and economic aspects. Some issues do not fall into either category, such as warfare. There can be disagreements about what social issues are worth solving, or which should take precedence. Different individuals and different societies have different perceptions. In ''Rights of Man and Common Sense'', Thomas Paine addresses the individual's duty to "allow the same rights to others as we allow ourselves." The failure to do so causes the creation of a so ...
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International Council On Mining And Metals
ICMM was founded in 2001, as a CEO-led leadership organization, to improve sustainable development performance in the mining and metals industry. Sustainable Development In late 1998 a small group of mining industry CEOs came together to question how the sector could grow its contribution to sustainable development. Through the World Business Council for Sustainable Development (WBCSD), they commissioned the International Institute for Environment and Development (IIED) to explore the role of the sector in the transition to sustainable development. Over the course of two years, a team of IIED researchers reviewed existing initiatives and materials, and consulted more than 150 separate individuals and organisations to understand their views of how the minerals sector's contribution could be improved. This process came to be known as the Mining, Minerals and Sustainable Development Project (MMSD). What emerged was an agenda for change that would enhance mining and metals’ contr ...
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Equator Principles
The Equator Principles is a risk management framework adopted by financial institutions, for determining, assessing and managing environmental and social risk in project finance. It is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making. As of March 2021, 116 financial institutions in 37 countries have officially adopted the Equator Principles, covering the majority of international project finance debt in emerging and developed markets. The Equator Principles, formally launched in Washington, DC on June 4th, 2003, were based on existing environmental and social policy frameworks established by the International Finance Corporation. The standards have subsequently been periodically updated into what is commonly known as the International Finance Corporation Performance Standards on social and environmental sustainability and on the World Bank Group Environmental, Health, and Safety Guidelines. The Equator Principles have r ...
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Ecosystem Services
Ecosystem services are the many and varied benefits to humans provided by the natural environment and healthy ecosystems. Such ecosystems include, for example, agroecosystems, forest ecosystem, grassland ecosystems, and aquatic ecosystems. These ecosystems, functioning in healthy relationships, offer such things as natural pollination of crops, clean air, extreme weather mitigation, and human mental and physical well-being. Collectively, these benefits are becoming known as ecosystem services, and are often integral to the provision of food, the provisioning of clean drinking water, the decomposition of wastes, and the resilience and productivity of food ecosystems. While scientists and environmentalists have discussed ecosystem services implicitly for decades, the Millennium Ecosystem Assessment (MA) in the early 2000s popularized this concept. There, ecosystem services are grouped into four broad categories: ''provisioning'', such as the production of food and water; ''regul ...
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Extractivism
Extractivism is the process of extracting natural resources from the Earth to sell on the world market. It exists in an economy that depends primarily on the extraction or removal of natural resources that are considered valuable for exportation worldwide. Some examples of resources that are obtained through extraction include gold, diamonds, lumber and oil. This economic model has become popular in many Latin American countries but is becoming increasingly prominent in other regions as well. Many factors are involved in the process of extractivism. These include but are not limited to community members, transnational corporations (TNCs) and the government. Trends have demonstrated that countries do not often extract their own resources; extraction is often led from abroad. These interactions have contributed to extractivism being rooted in the hegemonic order of global capitalism. Extractivism is controversial because it exists at the intersection where economic growth and environ ...
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International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that it ...
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