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How can businesses better account for ecosystem services in Canada and beyond? 🌍🇨🇦 At Greene Economics, LLC, we know that truly sustainable business practices depend on understanding the full range of environmental impacts—especially ecosystem services like carbon sequestration, pollination, and stormwater management. In 𝗖𝗮𝗻𝗮𝗱𝗮 🇨🇦, frameworks like Triple Bottom Line (TBL), Environmental Social Governance (ESG), B Corps, and Multiple Account Evaluations (MAE) are helping businesses and governments incorporate these ecosystem services into decision-making. While these frameworks are growing in prominence in Canada, there are important lessons for organizations worldwide on strengthening their sustainability practices. Sabine Postma, an environmental scientist at Greene Economics, will be presenting at #ACES2024 this week, exploring how Canadian frameworks can help businesses better account for ecosystem services—and how organizations can integrate these approaches into their own sustainability efforts. Sabine will explore frameworks like: 1. 𝗧𝗿𝗶𝗽𝗹𝗲 𝗕𝗼𝘁𝘁𝗼𝗺 𝗟𝗶𝗻𝗲 (𝗧𝗕𝗟) 🌱💰: A broad approach that encourages companies to evaluate their impact on People, Planet, and Profit, though it can lack detailed metrics for ecosystem services. 2. 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁𝗮𝗹 𝗦𝗼𝗰𝗶𝗮𝗹 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 (𝗘𝗦𝗚)🌎⚖️: A tool for assessing environmental and social impacts, but often missing certain intangible ecosystem services. 3. 𝗕 𝗖𝗼𝗿𝗽𝘀 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻♻️🌿: A rigorous certification requiring businesses to meet high standards of social and environmental performance, but lacks the flexibility needed to capture less tangible ecosystem services. 4. 𝗠𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝗘𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻𝘀 (𝗠𝗔𝗘)📊🌳: A framework used primarily in Canada 🇨🇦 to evaluate project alternatives, considering financial, environmental, and social impacts, but needing more standardized methods to account for ecosystem services. 👉 𝗛𝗼𝘄 𝗶𝘀 𝘆𝗼𝘂𝗿 𝗼𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀 in your sustainability efforts? Are you using any of these frameworks or others to assess environmental impact? 👇Share your thoughts below or reach out to explore how Greene Economics can help integrate ecosystem services into your projects. #EcosystemServices #ESG #EnvironmentalImpact #SustainabilityStrategy #NaturalCapitol

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