The Integrated Biodiversity Assessment Tool (IBAT) is best described as an interactive mapping tool allowing decision-makers to identify biodiversity risks and opportunities within a project boundary.
Purpose of IBAT: IBAT is designed to provide up-to-date information on biodiversity, helping users understand the potential environmental impacts of projects. It is widely used by businesses, governments, and conservation organizations.
Functionality: The tool provides detailed maps and data on protected areas, key biodiversity areas, and other important ecological sites. This information helps in assessing the potential risks and opportunities related to biodiversity within the geographic boundaries of a project.
Decision-Making: By identifying these risks and opportunities, decision-makers can make informed choices to mitigate negative impacts on biodiversity and enhance positive contributions to environmental conservation.
CFA ESG Investing References:
The CFA Institute’s materials on environmental risk assessment highlight the importance of tools like IBAT in integrating biodiversity considerations into project planning and investment decisions, ensuring sustainable and responsible business practices.
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