The Integrated Biodiversity Assessment Tool (IBAT) is best described as an interactive mapping tool allowing decisionmakers to:

The Integrated Biodiversity Assessment Tool (IBAT) is best described as an interactive mapping tool allowing decisionmakers to:
A . assess companies’ preparedness for biodiversity risk
B . manage biodiversity and social risk in project finance
C . identify biodiversity risks and opportunities within a project boundary.

View Answer

Answer: C

Explanation:

The Integrated Biodiversity Assessment Tool (IBAT) is an interactive mapping tool designed to help decision-makers identify biodiversity risks and opportunities within a project boundary. Here’s a detailed breakdown:

IBAT Functionality:

IBAT provides access to up-to-date information on biodiversity, including key biodiversity areas and legally protected areas. This enables users to assess the potential impacts of their projects on biodiversity and make informed decisions to mitigate risks.

The tool is specifically designed to integrate biodiversity considerations into business and investment decisions by highlighting areas that may pose biodiversity risks.

Other Descriptions:

While IBAT can support broader biodiversity and social risk management, its primary function is to identify risks and opportunities within a specific project boundary. It is not primarily focused on assessing companies’ overall preparedness for biodiversity risk or managing project finance risks in a broader sense.

CFA ESG Investing

Reference: The CFA ESG Investing curriculum discusses various tools and frameworks for integrating biodiversity considerations into investment decisions. IBAT is highlighted as a key tool for identifying site-specific biodiversity risks and opportunities.