The Cross-Sector Biodiversity Initiative (CSBI)] is a partnership between
IPIECA Ipieca is a global not-for-profit oil and gas industry industry association, association for environmental issue, environmental and social issues, headquartered in London. The association was established in 1974 as the International Petroleum Indust ...
- the global
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 ...
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 partici ...
for environmental and
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 cont ...
, the
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 quest ...
(ICMM) and the
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 dili ...
br>
Associationto develop and share good practices related to management of biodiversity and
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. Th ...
in the
extractive industries
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 w ...
.
The initiative supports the broader goals of innovative and transparent application of th
mitigation 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 ...
(IFC
Performance Standard6: Biodiversity Conservation and Sustainable Management of Living Natural Resources (2012)
CSBI Charter and Governance
The vision and mission of the initiative are presented in it
Charter
developed and released by the 3 partner associations in 2013. CSBI is run by its member associations and volunteers from member companies and multilateral financing institutions, with the support of a part-time coordinator.
CBSI’s Leading Practice Tools
Between 2013 and 2015, CSBI released to the public three tools related to applying the mitigation hierarchy for biodiversity management, available for free on CSBI's website:
# The Tool for Aligning Timelines for Project Execution, Biodiversity Management and Financing
# Good Practices for the Collection of Biodiversity Baseline Data
# The Cross-Sector Guide for Implementing the Mitigation Hierarchy
References
{{Reflist
External links
Official CSBI websiteCross-Sector Guide for Implementing the Mitigation Hierarchy
(o
The Biodiversity Consultancy's
website)
Biodiversity