Nature Positive Role of the Technology Sector 2025

Principles for applying the mitigation hierarchy FIGURE 15 Mitigation hierarchy steps The steps are followed sequentially in order of priority: – Avoid impacts – Reduce impacts – Restore after impacts – Compensate for impactsGoal Mitigation policy goals at the national, regional and local level ensure the mitigation hierarchy is applied to support conservation objectives and drive accountability for application. Over 100 countries have developed or are developing national mitigation policies that require offsets or enable the use of offsets Limits to offsets There are limits to what can be offset and it is best to avoid impacts that cannot be offset as this may be the only means to prevent irreplaceable lossSustainable outcomes Mitigation seeks to support long-term, durable outcomesStakeholder engagement Mitigation follows best practice for stakeholder engagement, guided by the following principles: – Inclusiveness – Transparency – Rights-based approach – Respecting both science and traditional knowledgeLandscape context Apply the mitigation hierarchy in a landscape context, taking into consideration direct, indirect and cumulative impacts Source: The Nature Conservancy.66 In addition to its place in the mitigation hierarchy, each action includes a qualitative assessment of two metrics: –Leadership: What actions achieve transformational vs. incremental benefit? What is common practice vs. what will require time to achieve? –Feasibility: Which actions provide financial benefit vs. which are a cost driver? Which have technical/implementation challenges? The second part of this chapter compares all actions across these metrics, presenting a starting position for companies beginning their journey, as well as case studies on selected actions. Additional notes on these metrics and how they are applied are available in Appendix B: Methodologies. Nature Positive: Role of the Technology Sector 29