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REWARDING BENEFITS THROUGH PAYMENTS AND MARKETS
Box 5.26: Social stock exchange for
public serving companies
The Social Stock Exchange is a way for investors to
invest in businesses established with the aim of delivering
particular social objectives, such as alleviating
poverty or preventing environmental destruction51 .
Allowing ‘social investors’ to make educated choices
about the impacts organisations have on society
could act as a powerful support for companies that
provide a social good. Encouraging investment and
trade can act as an incentive to keep biodiversity intact
in the face of competition from less biodiverse
alternatives.
Source: Yunus 2007
• include broader landscape considerations in
certification processes to ensure that business
works to improve overall regional biodiversity e.g. to
ensure landscape connectivity across agricultural
regions, prioritise efforts in high biodiversity areas etc.;
• create more supply push and market pull for
certified products and services through increased
consumer awareness and supply-chain management
by large commercial buyers (see also Section
5.6 on green public procurement). This could be done
through e.g. networks setting targets 50 or the creation
of eco-investment funds to support companies that
are certified and/or have shown innovative ways of
creating sustainable business models. For example,
a Swiss company HotelPlan raised US$ 750,000 in
2002 through a US$ 3 charge on bookings which
was used to support sustainable tourism, environmental
efforts and emergency one-off projects (cited
in Bishop et al. 2008);
• invest directly or indirectly in companies that
market certified products, particularly from High
Conservation Value areas. This could include technical
assistance to help develop more profitable
businesses and ensure sustainable management
practices and access to markets. There is also an
opportunity to create incentive programmes for
companies committed to purchasing biodiversityfriendly
products or that make biodiversity protection
their key output (see Box 5.26);
Box 5.27: MSC risk-based support framework
for smaller fisheries
The MSC’s programme on Guidelines for Assessment
of Small-Scale and Data-Deficient fisheries
aims to provide small-scale and data-deficient fisheries
with guidance on the assessment process.
This methodology, known as the MSC Risk Based
Framework, provides a risk assessment approach
to help evaluate key environmental indicators of
the MSC environmental standard for sustainable
fishing. Although not limited to developing countries,
it is likely to have the greatest uptake
amongst them.
Source: http://www.msc.org/about-us/credibility/all-fisheries
• make better use of traditional knowledge of
plant (and animal) species to develop new products
that could reduce the costs of complying with
chemical safety legislation and make global
markets work better for the poor by helping
provide non-timber forest products and other
products suitable for bioTrade;
• support the adoption of certification standards
in developing countries, particularly in regions
where they are currently non-existent or embryonic
and help small to medium businesses for whom the
initial investment becomes prohibitive (see Box 5.27).
Alongside this increasing interest in expanding the
reach of biodiversity-friendly products (see also
Section 5.6 on green public procurement), trade concerns
need to be borne in mind. While there are no
formal trade implications of private demand for goods
(e.g. choice of FSC-labelled goods or organic foods),
the position is more complicated when it comes to governments
applying instruments like taxes or subsidies
to create price incentives for sustainable products (see
Box 5.28).
TEEB FOR NATIONAL AND INTERNATIONAL POLICY MAKERS - CHAPTER 5: PAGE 53