The calls on IUCN to engage Business date back to the creation of the Union in 1948. IUCN members passed nearly 200 Resolutions relating to the private sector throughout the history of IUCN – on agriculture, tourism, mining, finance, among others. As a response:
- The Economics Unit was created within the Secretariat in 1997
- The Business & Biodiversity Initiative was created in 2000
- The Business & Biodiversity Programme was established in 2003
- IUCN's Strategy for Private Sector Engagement was issued in 2004
- IUCN's Operational Guidelines for Private Sector Engagement were first published in 2006 and then reviewed and republished in 2009, for more information on these click here
- A new Business Engagement Strategy was launched in 2012
We engage business sectors that present great risks or opportunities through their supply chain – directly or indirectly – on biodiversity and ecosystem services including habitat loss and overexploitation of natural resources. Potential sectors include:
- Large biodiversity footprint sectors with high direct impact on ecosystems, habitats and associated local livelihoods: extractives (mining, oil and gas); agriculture, commercial fisheries; forestry; bio-energy.
- High biodiversity dependent sectors with strong supply chain links at landscape or seascape levels: food and beverage; tourism; pharmaceuticals; consumer goods.
- Leveraging sectors: financial; retail.