As societal expectations and regulatory environments rapidly evolve regarding the private sectors’ land use management and obligation, appropriate and sustainable conservation mechanisms have never been more relevant. Recently, both the International Finance Corporation and the European Bank for Reconstruction and Development adopted policies that aim to move the private sector towards ensuring either no net loss or achieving a net positive impact on biodiversity for the projects that receive finance. A number of conservation mechanisms are emerging for debate. This workshop explores the Net Positive Impact (NPI) conservation model and its applicability to the private sector. The workshop will initially present a case study on how a NPI model is being applied within Rio Tinto, a global metals and minerals company, and consider how NPI can be successfully implemented, and what the business and societal returns are.
In the case study we will highlight the work of the joint IUCN/Rio Tinto NPI verification initiative which is addressing the important question of how to develop a set of independent and scientifically valid protocols to measure NPI success.
The workshop will then convene an expert panel to debate if, and how, NPI should be adopted broadly across the private sector, the role of governments and others in enabling NPI, and the challenges for the private sector in its contribution to conservation planning and delivery. The panel representation will be structured to provide a balanced view from the different sectors involved in this debate.