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“Establishing a Comprehensive and Granular Analysis That Integrates Localization Issues”

The working group dedicated to the biodiversity theme “Establishing a Comprehensive and Granular Analysis That Integrates Localization Issues”, stands out for its depth in addressing biodiversity-related impacts and dependencies in relation to the geographical context and ecological surroundings of a business’s operations. 

Co-founded by Candriam, this working group aims to develop a practical guide for investors, regulators, and other stakeholders, focusing on existing analysis methodologies and potential enhancements. These improvements are particularly directed toward conducting a tiered analysis of both positive and negative impacts on biodiversity, with an emphasis on the importance of localizing corporate activities to provide an accurate assessment of biodiversity impacts and dependencies. This guide will enable investors and asset managers to shape their biodiversity strategies by considering the localization of corporate activities as a fundamental factor. Additionally, the group seeks to explore recommendations for a more ambitious regulatory framework to strengthen biodiversity protection measures. 

The members of the working group

Alix Chosson
ESG Analyst specializing in Climate & Environment at Candriam
Caroline Declerck
Head of Content at Candriam
Elouan Heurard
ESG Analyst specializing in Biodiversity at Candriam
Sébastien Nantas
Head of Brand and Content at Candriam

Group publications

Biodiversity
3 September 2025

Biodiversity debt: candriam develops a quantitative model to assess ecological impact and biodiversity risk

What is biodiversity debt? The question, once asked, already requires clarification. “The notion of biodiversity debt is very particular, and depending on certain perspectives, it may not even be called debt,” warns Elouan Heurard, Biodiversity Analyst at Candriam. Because it is not a financial debt in the macroeconomic sense, but an attempt to provide an accounting translation of […]

Biodiversity
10 July 2025

Biodiversity restoration: how to measure ecological return?

To shed light on these issues, the asset management firm sought to estimate what a company’s “biodiversity debt” might look like. “Our idea is to measure a company’s footprint and estimate the cost of restoring the impacts it has generated,” explained Elouan Heurard. As an example, he presented a scenario for restoring the impacts associated […]

Biodiversity
23 May 2025

Finance and Biodiversity: Putting Scenario Analysis to the Test in the Real World

Scenarios — But For What Purpose? Scenarios have become a standard exercise. They are produced to comply with regulations, reassure investors, and respond to regulators. Yet their primary function should be quite different: to test the robustness of a business model under uncertain futures. In practice, many companies still present optimistic trajectories, lightly stressed and […]

Biodiversity
13 May 2025

Biodiversity: From Assessment to Pathway, How to Integrate Scenarios

Starting around 2016-2017, the strategy expanded to include promotional activities, with the implementation of rapid diagnostics designed to quickly identify major local biodiversity challenges. Since then, a biodiversity module has been developed with the Lokimo tool to qualify ecological stakes of a site upstream of projects, based on public data: protected species, soil pollution, ecological […]

Biodiversity
25 April 2025

“Companies must improve the traceability of their value chain.”

The French Duty of Vigilance law, enacted in 2017, is a pioneering piece of legislation in Europe and “deserves credit for existing, even though it has its limitations,” says Alix Roy, ESG analyst at Ecofi. This law aims to compel companies to prevent social and environmental risks throughout their value chain (including subcontractors, subsidiaries, and […]

Biodiversity
3 March 2025

“Biodiversity is a local issue”

Interview vidéo avec Alix Chosson et Elouan Heurard, analystes ESG au sein de Candriam.

Co-fondé par Candriam au sein du Think Tank « 2030, Investir demain », le groupe de travail consacré à la biodiversité étudie l’intégration, dans les processus d’analyse des entreprises, des enjeux liés à la localisation de leurs activités. L’objectif est d’évaluer les impacts et les dépendances liés à la biodiversité.