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CI has worked with Alcoa in Guinea, Suriname, and Ghana using the Initial Biodiversity Assessment and Planning (IBAP) approach. IBAP is a methodology pioneered by CI and our corporate partners to assist companies in incorporating biodiversity in their risk analysis and decision-making and planning processes for new development projects.
- A Memorandum of Understanding was signed in 2007, allowing Alcoa and CI to explore new ways of integrating biodiversity conservation with Alcoa’s environmental policies and management systems as well as share biodiversity information and scientific expertise to assess biodiversity resources. The partnership also strives to identify opportunities to make strategic investments in regional conservation efforts that achieve conservation outcomes, and looks for opportunities to promote biodiversity conservation within the mining sector at the international and national scales.
Alcoa Foundation
With support of the Alcoa Foundation, CI and partner NGO Forest Trends are co-convening the Business and Biodiversity Offsets Program to:
1. Demonstrate conservation and livelihood outcomes in a portfolio of biodiversity offset pilot projects;
2. Develop, test, and disseminate best practice on biodiversity offsets; and
- Alcoa Foundation is supporting CI’s site-level conservation work in Brazil’s Amazon development of CI’s freshwater conservation efforts in China, and a carbon offset project in Madagascar.
For more information on Alcoa, visit www.alcoa.com
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