Ecological Benefits Framework
Last updated
Last updated
Stakeholders from carbon markets, ReFi, blockchain, web3, conservation, regenerative agriculture, and corporate ESG reporting have convened since September 2022 to develop an equitable framework in response to climate change (and much more).
In the past year, a structured six-month sprint aligned sectors on principles and best practices to increase trust, confidence, and transparency. The goal was to support a sector-based ecological benefits marketplace, standardize corporate ESG reporting, and describe carbon projects in a standardized manner. This sprint tested the Lexicon's framework and increased adoption of it through the web3 ReFi space.
The Ecological Benefits Framework (EBF) Created by The Lexicon
The Lexicon, a California-based NGO, works at the intersection of conservation, sustainability, and food. In their 15 years of operation, they've collaborated with over 750 companies globally, leading the way in circular models with the Ellen McArthur Foundation, and Agrobiodiversity with the USDA, etc. Over 207 Professionals work at the Lexicon getting this framework out to the global audience (see the team here https://www.canyouchangethefuture.org/meet-the-team/).
Organizations that the Lexicon Collaborated with to Create the Ecological Benefits Framework
The framework that the Lexicon created is called the Ecological Benefits Framework (EBF). EBF is a holistic framework designed to assess and report the ecological benefits created by businesses, governments, nonprofit projects, and more. It emphasizes the positive impacts on the environment and ecosystems. Here are some key points about the EBF:
Foundation: The EBF is based on shared values and principles built with stakeholders, professionals, and industry leaders, promoting a shared language for ecological benefits.
Purpose: The EBF is used to enhance impact decisions and to measure and report the environmental and ecological benefits achieved by various entities.
Collaboration: It's often utilized by organizations, including blockchain initiatives, as a tool to standardize reporting and reward efforts that contribute to environmental sustainability across the value chain.
Comprehensive Assessment: The EBF evaluates benefits related to ecosystems, climate, equity, and atmospheric carbon, among other factors, contributing to a more comprehensive understanding of the positive impact of various activities on the environment.
In summary, EBF serves as a valuable tool for assessing and reporting the positive environmental and ecological impacts of various initiatives and activities, promoting sustainability and accountability in these endeavors. EBF focuses on six ecological benefits: air, water, soil, biodiversity, equity, and carbon. These ecological benefits will be the theme of this hackathon.
“This goes beyond choosing a protocol, it's about stepping back and taking a crack at an interoperable system for the world, assets, and markets.” - Gregory Landua Regen Network
Can Learn more about EBF and the Lexicon through their website https://www.canyouchangethefuture.org/ and Youtube https://www.youtube.com/@TheLexicon
