Standards Development

Scope

This BSI Flex gives recommendations for natural capital projects with regard to community engagement and benefits.

Aligned with the overarching principles outlined in BSI Flex 701, this BSI Flex covers:

a)    community mapping, coordination of engagement, co-production, legitimacy, prior consent, consensus building, grievance mechanisms and resourcing of participatory engagement;

b)    communication, transparency and accountability;

c)     community impact assessment, community impact mitigation and benefit sharing; and

d)    monitoring and evaluation of community impacts, engagement and benefit sharing.

This BSI Flex is intended for use by suppliers of nature-based credits.In addition, this BSI Flex might be of interest to:

•           communities;

•           other nature market participants;

•           market intermediaries, including the different codes/standards/schemes;

•           buyers of nature-based credits;

•           investors in nature-based projects;

•           service providers;

•           environmental non-government organizations;

•           regulators;

•           policy developers; and

•           academics.

This BSI Flex is intended for use in the UK.

NOTE This BSI Flex might inform nature market activity in other parts of the world but does not explicitly take into account non-UK environmental, governance and other contexts. It is also relevant to nature credits from suppliers in the UK traded in non-UK markets.