PS6 and the HCV approach are both widely-used frameworks for identifying and managing biodiversity risks. Many lenders require alignment with IFC PS6, while certification systems often use the HCV framework.
Companies with a full understanding of the requirements of both IFC PS6 and HCV avoid duplication of effort and benefit from smoother project timelines.
Key differences lie in the spatial scope, thresholds for identifying priority features, management of non-critical biodiversity, and identification of priority ecosystem services. Divergence in the assurance process can lead to variation in conservation outcomes.