“Investment for Global Resources” the Sustainable Blueprint for Community-Based Entrepreneurship
Nowadays, corporates don’t only expect the break-even points or the profit, but also the point that we called “Impact Investing and Innovative Finance”, the new economic blueprint that would widen the perspective of corporates and community-based entrepreneurship aiming for sustainable community change. Part of Impact Investing to begin with is “Biodiversity Finance”
What is Biodiversity Finance?
When biodiversity has been wasted and used for economic advantages without any filters,
United Nations Development Programme (UNDP) collaborates with Office of the National Economic and Social Development Council (NESDB) and Office of Natural Resources and Environmental Policy and Planning (ONEP) to start a new programme “The Biodiversity Finance Initiative’ (BIOFIN).” The main objective is to preserve the biodiversity effectively and sustainably through the following process.
- Evaluate the budget used for biodiversity study which includes the developments, the restorations, the researches, and the further plans from the government sector, the private sector and the civil society
- Evaluate the overall budget during the process.
- Evaluate the budget required between the 1st and 2nd process and organise innovative finance to cover the cost.
One of the most successful case studies about businesses that focus on the global resources is
“the Patagonia Case”, the sport outfit brand owned by Yvon Chouinard that hold a campaign called “1% for the planet.” The campaign gives away 1% of the sales to over 100 environmental and non-profit organisations all over the world. The corporate has a strong standpoint in making sustainable business to help protect the global resources by creating an advertisement that states “Don’t Buy This Jacket” which fully means don’t buy this jacket unless you need it to decrease clothing garbage in the future.
Moreover, the company uses 100% organic cotton fabric and hold on to the fair trade policy. Many of their factories utilise renewable energy like solar and wind. Their buildings were built of recycled materials and passed the green building standard by “LEED (Leadership in Energy and Environmental Design)” Besides, Patagonia arranges activities for everyone from senior executives to junior officers to contribute to environment like river restoration, anti-oil drilling programme. The crew hope that they can be part of the jigsaw to maintain world’s ecology.
Biodiversity Finance is just one example of Impact Investing and Innovative Finance. There are still many ways we can invest on impact, for example we can invest on people, on society or even on wild animals. Therefore we can sustainably drive economy forward along with maintaining world’s ecology for the better future.