We utilise our extensive network, and consultants’ experience with academic and civil society sectors to identify and advise on stakeholders who potentially have an interest in our clients’ activities. Mapping stakeholders and understanding their hopes and expectations correctly is critical to managing risk. We have mapped stakeholders as part of due diligence and risk screening exercises for a major oil company, as part of the development of project BAPs and during completion of ecosystem service assessments.
Engaging with and understanding the positions held by biodiversity and ecosystem services stakeholders provides options for managing risks, as well as identification of opportunities. Stakeholders are an important source of information on the status of biodiversity and ecosystem services, and can help identify effective mitigation measures. We use stakeholder consultation to inform many of our services. For example consultation with government, civil society, and private sector actors was central to an analysis of the Taninthayi Nature Reserve Project in Myanmar; and the development of an offset strategy for a mine in the Guyana Shield was driven largely by stakeholder input and consensus.
Facilitating cross-sector partnerships
We work with cross-sector partnerships to ensure that you can learn lessons from others in your own and similar sectors. Involvement in these partnerships means that TBC remains at the cutting edge of the business and biodiversity realm and can help shape policy and actions to be benefit of conservation and our clients. We have supported the Cross-sector Biodiversity Initiative since its inception and authored its guidance on application of the mitigation hierarchy. TBC is an active member of the Natural Capital Coalition, and has contributed significant studies to this emerging topic.
Biodiversity advisory groups
We have helped form and facilitate biodiversity advisory groups for client operations. These groups are formed of a panel of appropriate experts with the objective of providing independent, science-informed advice on biodiversity and ecosystem services issues. One such panel was the biodiversity committee to Rio Tinto’s QMM mine in Madagascar. TBC supported the instigation of the panel and served as facilitator.