12.3.3.1 Workshop outcomes (contents)

As regards the suggestion by the researchers to have a 'materiality matrix' (see section 12.2.4) developed by collaborative action, it was observed that during the workshop particularly the representatives of the asset managers embraced this proposal. It was affirmed that such a framework, aimed at providing an overview of different sub-issues, e.g. water and land conversion, and specific BES risks and opportunities per sector, would be very valuable. It was also recognised that preparing such a framework would be too big an assignment to be taken up by one single organisation, and would require collaborative action. Most participants saw a way in which their respective organisations could contribute a piece to this puzzle. However, none of the participants seemed to be willing to take the lead. The question was raised whether governmental and international organisations should elaborate on this idea or fund a strategic project to establish an all-encompassing matrix.

The other proposal suggested by the researchers, which also would require collaborative action, concerned the idea to start an information clearing-house on companies and BES. The responses in the workshop were: 'easier said than done .

A few additional proposals for further development of the BES information market were welcomed, such as creating a biodiversity ranking or index regarding companies. Some asset managers and ESG Agencies indicated that they would further consider this idea. Furthermore, the participants agreed that the development of the BES information market would be tremendously assisted by expanding corporate disclosures, and by enhancing verification procedures for the published information. It was contended that ideally, this needs to be established by public regulation, but that companies can start by using the GRI G3 key performance indicators on biodiversity as a best practice, and help to develop these so that they will also include dependence links between companies and ecosystem services. Finally, the standardisation of information was also considered helpful. Some participants, mostly from the nature conservation organisations and scientific institutions, agreed to contact GRI to intensify the communication on the development of BES disclosure standards.