How can we collectively maximise the value of BNG statutory duty to deliver net environmental improvements across multiple partner’s investment portfolios?
Challenge
Biodiversity Net Gain is nascent and complex legislation. BNG risks placing additional programme delays and cost on project budgets. Many sectors are facing a challenge to reduce the risk of BNG whilst maximising the value and potential of the legislation to bring about meaningful ecological improvements.
Sprint Summary
Go wild with us in this Sprint, as we generate unique ways to maximise the value of BNG and understand what different organisations would like to achieve from BNG across our region. Whether you know your newts, or go bonkers for bats, this Sprint is more than just birds and bees, we will be looking at community impact, financial trading models and some serious grass roots technology.
We will review existing BNG credit trading tools and create/adapt a regional trading platform and understand how the trading platform can extend value for other industries, partners and organisation; both public, private and ENGOs.
Target Outcomes
- To increase awareness of BNG legislation, and the risks that it could pose to projects
- To increase the urgency of BNG value maximisation
- To explore and identify best practice BNG trading model
- To create understand how best to trade BNG units/credits with local organisations
Target Audience
This sprint would appeal to those involved in environmental improvements from a community, environmental or ecology perspective. We are hoping some financial and commercial experts might attend, to guide us on trading platforms and how to attribute costs and value to units. We are actively seeking participants from water companies, utility companies, rial infrastructure, local authorities and in environmental charitable.
