Master Class: 29th January 2015

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Corporate Ecosystem Valuation and Biodiversity Reporting
Taj President Hotel, Mumbai

Leaders for Nature, India organized its third Master Class on 29th January, 2015 in Mumbai. The event was attended by member companies of the Leaders for Nature network, along with other companies like Tata Power, Tata Steel, Ambuja Cement, Mahindra & Mahindra, Aditya Birla Group, TCS, Tata chemicals and representatives from knowledge networks like GRI, WRI, WBCSD, IBBI and others. During the Master Class module on third step of the Natural Capital Roadmap, ‘Corporate Ecosystem Valuation’ was delivered.

The session was started by Ms. Romie Goedicke, from IUCN NL, sharing briefly about the objectives of Master Class, followed by opening remarks of Ms Aban Marker Kabraji, Regional Director, IUCN, Asia.

Mr. Aditya Petwal, Coordinator LfN at IUCN India, took over the session with a brief introduction about Leaders for Nature and its Natural Capital Roadmap and recapulated last two master classes to provide better understanding to the participants.

To make a connect with the Biodiversity, Dr. Bhivash Pandav from WII talked about diverse ecosystems and wildlife in India with facts, relevant to businesses. The mesmerizing pictures of the ecosystems covering Himalayas, Deserts, Western Ghats, Coastal areas, North East India and their trends of declining health, were narrating a story to the audience about threats to ecosystem and their unique biodiversity.

In the next session, presentations were made by LfN member companies— Ambuja, ACC, Cairn, on how they are working on sustainability aspects in their respective sectors. Companies shared their efforts and work done by them toward biodiversity conservation & environment protection and presented examples how biodiversity can be integrated into their core business.

Concept of Corporate Ecosystem Valuation (CEV), was introduced by Mr. Vivek Adhia, Head-Business Engagement from WRI. He started by briefly connecting it with Corporate Ecosystem Services Review and then shared about the concept of CEV supported with national and international case studies, to provide clear insights.

Dr. Saudamini Das, Associate Professor, Institute of Economic Growth, University of Delhi, substantiated the presentation of CEV by elaborating upon the Ecosystem Valuation Techniques and by providing in-depth knowledge in a systematic approach, covering all relevant techniques with case studies.

Mr. Sanjay Gupta, Central Council Member of ICAI, in his session, went one step further and talked about Natural Capital Accounting in business with methods and case studies of Puma, Kingfisher & Coca Cola.

Towards the end an important session was delivered by Dr. Aditi Haldar, Director, and Focal Point GRI India, to share her immense knowledge and to sensitize the corporate leaders on Sustainable Reporting and to be equally serious about biodiversity reporting. She presented some very relevant data facts and analysis about disclosure on biodiversity by different sectors, with recommendations to businesses.