X/21.Business engagement

(a)To promote a public policy environment that enables private sector engagement and the mainstreaming of biodiversity into corporate strategies and decision-making in a manner that contributes to the achievement of the three objectives of the Convention;

(b)To create conditions that facilitate private-sector engagement, inter alia and as appropriate, for: transparent reporting against which to assess implementation; independent assessments; and terms and conditions for partnership initiation and termination;

(c)To identify a range of options for incorporating biodiversity into business practices that take into account existing developments under various forums, including relevant institutions and non governmental organizations, such as the Business and Biodiversity Offsets Programme, the International Union for Conservation of Nature, the United Nations Environment Programme, the Biotrade Initiative of the United Nations Conference on Trade and Development, the World Business Council for Sustainable Development, the Organisation for Economic Co-operation and Development, Nippon Keidanren, the Business and Biodiversity Initiative initiated at the ninth meeting of the Conference of the Parties;

(d)To support the establishment of national and regional business and biodiversity initiatives and to strive towards a global partnership on business and biodiversity by inviting ongoing initiatives and other interested stakeholders to be part of the business and biodiversity initiative, and to take note of the Jakarta Charter;

(e)To develop, and report on, national activities that promote and facilitate the mainstreaming of biodiversity by business, such as through regulations and, as appropriate, economically and socially sound incentive measures, national biodiversity strategies and action plans as well as national reports;

(f)To develop ongoing dialogue with the business community in relation to biodiversity considerations and activities;

(g)To encourage involvement of businesses as stakeholders in any future revision and implementation of national biodiversity strategies and action plans;

(h)To adopt, as appropriate, sustainability criteria for government purchases of products of biological resources;

(a)To contribute to the implementation of the Convention as well as its Strategic Plan for Biodiversity 2011-2020 and its targets, and refer to them, as appropriate, for defining concrete and measurable biodiversity targets for their operations;

(b)To monitor and assess impacts on biodiversity and ecosystem services, including the consideration of related risks and opportunities, and of how this may affect their activities, and to develop and apply processes and production methods that minimize or avoid negative impacts on biodiversity;

(c)To take into account, as appropriate, the Akwé: Kon Voluntary Guidelines for the Conduct of Cultural, Environmental and Social Impact Assessment regarding Developments Proposed to Take Place on, or which are Likely to Impact on, Sacred Sites and on Lands and Waters Traditionally Occupied or Used by Indigenous and Local Communities; ⁵⁷

(d)To share and adopt lessons learned between and among business and enterprises, including small and medium-sized enterprises;

(e)To survey available best practice within relevant industries, and to consider how specific skills, expertise and influence can be mobilized and shared in order to minimize and avoid negative impacts on biodiversity;

(f)To participate in voluntary certification schemes that promote the three objectives of the Convention;

(g)To adopt commitments to support the achievement of the three objectives of the Convention, for instance, through the approaches set out in the Jakarta Charter and other initiatives at both national and global levels;

(h)To use clear and measurable criteria or indicators as a means to track implementation of these commitments in a transparent manner, by means of voluntary declaration;

(i)To engage wider efforts to promote business engagement in the achievement of the three objectives of the Convention and its new Strategic Plan, such as the Business and Biodiversity Initiative initiated at the ninth meeting of the Conference of the Parties, and the Jakarta Charter, as a step to highlight their commitment to the three objectives of the Convention on Biological Diversity;

(j)To develop and maintain an ongoing dialogue with Governments on how best to contribute to the achievement of the three objectives of the Convention;

(k)To publicly report on biodiversity conservation and sustainable use of ecosystem services related activities.

(a)To encourage establishment of the national and regional business and biodiversity initiatives by facilitating a forum of dialogue among Parties and other Governments, business, and other stakeholders, with a particular focus on the global level;

(b)To compile information on existing tools that can further facilitate the engagement of businesses in integrating biodiversity concerns into corporate strategies and decision-making, such as, inter alia, business-operating principles for biodiversity conservation, indicators of conservation efficiency, and methodologies/techniques/tools for the valuation of biodiversity and ecosystem services, to analyse the effectiveness of these tools in relevant economic sectors, and to make this compilation and analysis available to national focal points and all relevant stakeholders, through the clearing-house mechanism of the Convention and through other means;

(c)To encourage the development and application of tools and mechanisms that can further facilitate the engagement of businesses in integrating biodiversity concerns into their work, such as, consistent and in harmony with the Convention and other relevant international obligations, certification, verification, the valuation of biodiversity and ecosystem services, incentive measures, biodiversity offsets, etc.;

(d)To also encourage monitoring of the effects of tools and mechanisms applied in accordance with paragraph 3 (c) above;

(e)To disseminate, through the clearing-house mechanism and through other means, tools and examples of best practice for encouraging the participation of business, including small and medium sized enterprises (SMEs);

(f)To encourage businesses that endorse the objectives of the Convention and its Strategic Plan for Biodiversity 2011-2020 in communicating their biodiversity-relevant activities to their consumers, customers, and other stakeholders.