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GCRF TRADE Hub Newsletter
February 2021

Upcoming Events

Join us this Wednesday 17th March to hear from the GCRF TRADE Hub's researchers about innovative mechanisms to help end deforestation in agricultural supply chains.

With the role of banks and traders in the forefront, we will be looking at solutions such as the standardisation of deforestation metrics and indicators, enhanced traceability, and supportive policies and regulations.

Please register here.
More details on the event page.
Impact Stories
Transforming how we value nature: Input from the GCRF TRADE Hub included in the landmark Dasgupta Review

The Economics of Biodiversity: The Dasgupta Review is a publication hailed as a turning point in how we account for the foundational role that biodiversity plays in our economic and financial health, besides overall planetary wellbeing. James Vause, Co-Investigator for the GCRF TRADE Hub, contributed a paper to the Dasgupta Review, which was then adapted into a full chapter (Chapter 15 on Trade and the Biosphere).
An excerpt from James’ interview with UNEP-WCMC.
Click here for full interview
How were you involved in the Dasgupta Review?

I was really lucky to have the opportunity to work with the Dasgupta Review team in the UK Treasury quite a bit. I previously worked in the UK Government on the Economics of Biodiversity, so I was invited to run some early discussion sessions with the Review team covering the TEEB Initiative (The Economics of Ecosystems and Biodiversity) – which was launched whilst I was working in Defra – and also on Biodiversity and Trade, connected to the ongoing TRADE Hub project here at UNEP-WCMC.

Why do you think this Review is particularly important? What’s new about it?

For me, what is special about the Dasgupta Review is its holistic nature. From the outset, the Review is clear that the economics of biodiversity is effectively the economics of the entire biosphere in which societies and economies exist. It shows how the current economic paradigm neglects the fact that economies are bounded by nature… (Find out more)

How can companies measure their impact on biodiversity?

Report title: Measuring the impact of agricultural supply chains on biodiversity

The global food system is widely acknowledged as one of the key drivers of biodiversity loss. But what are the challenges facing businesses as they try to understand and mitigate their impacts on biodiversity?

To better understand what businesses need, the GCRF TRADE Hub and the EU Business @ Biodiversity Platform carried out an assessment to examine what businesses need to measure biodiversity effectively. Through a process of surveys, interviews and an online workshop, businesses provided insights into the challenges of   measuring biodiversity impacts, along agricultural supply chains, and what is needed to overcome them.

The results are available in a report that will be available shortly on the EU B@B platform, here.

For questions or comments following its release, please get in touch with Kim Dunn (kim.dunn@unep-wcmc) and Julie Dimitrijevic (julie.dimitirjevic@unep-wcmc) at UNEP-WCMC.
Follow us on Twitter to be the first to know when the report is launched.
Recent TRADE Hub Partner Publications
In Case You Missed It!
The LET Guide

JNCC is the public body that advises the UK Government and devolved administrations on UK-wide and international nature conservation. They have recently published a new guide on measuring the impacts of trade on the environment – The LET (Linking Environment to Trade) Guide.

Funded by Defra, this new guide takes a high-level look at the tools and techniques available to understand and measure the impacts of trade on the environment.

In producing The LET Guide, the JNCC assembled and evaluated information on over 250 initiatives which link consumption to quantified production impacts, building on a list of initiatives provided to them by the GCRF TRADE Hub.
A new UNEP report on Sustainable Trade

Take a look at UNEP’s latest report, part funded by the GCRF TRADE Hub and with key contributions from Hub partner UNEP- Environment and Trade Hub, which analyses recent shifts in global trade and resulting shifts in the environmental burden.
Highlights of 2020
2020 was a strange year for many of us, isolated behind our desks in different corners of the globe, but the TRADE Hub also had many highlights to celebrate!
Internal Events
TRADE Hub All Hands Meeting

From the 25th to the 29th of January, the UKRI GCRF TRADE Hub held its annual get together virtually on Zoom.
How does agricultural commodity production and trade interact with recent policy decisions in Brazil?
TRADE Hub partner the International Institute for Sustainability, Brazil, organized an internal workshop “Agricultural commodities production and trade scenarios outcomes on land use change and biodiversity in Brazil” in February 2021.
The IIS workshop goal was to identify the main international trade agreements, initiatives, processes, as well as, the public and private policies that act, or can act, in conjunction with sustainability and biodiversity conservation in Brazil. The focus was to involve a group of experts to discuss the main factors and measures that can influence the alternative land use scenarios and policy makers, and it was a very successful event, with participation from across the TRADE Hub, as well as invited Brazilian experts.
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