Aligning Accounting Approaches for Nature (ALIGN) helped move biodiversity measurement and valuation from guidance toward standardization.
Project Description
The ALIGN project ‘Aligning Accounting Approaches for Nature’ was designed to assist the European Commission’s efforts to support businesses, financial institutions and other stakeholders in developing standardized natural capital accounting practices by establishing a standardized approach to biodiversity measurement and valuation.
Project Findings
The aims of the ALIGN project were to develop a generally accepted suite of methods, indicators and criteria for biodiversity measurement and valuation tools and approaches that can be used by businesses and financial institutions.
This suite will enable organizations to measure both their impacts and dependences on biodiversity, and to apply this information to inform their decision-making. Align also developed guidance that is sector specific for site-based and supply chain companies and financial institutions. While Europe is the primary geographic focus, the outputs of this project aims to work alongside global business and policy initiatives to ensure that it’s impact extends globally.
Capital Type
Natural Capital
Sectors
All
Partners
European Commission
UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC)
Arcadis
ICF
CDC Biodiversité
CREM
Ecoacsa Reserva de Biodiversidad
eftec
Globalbalance
PRé
Biodiversity Footprint Company
Contact