Knowing the values assigned by local communities to the CES is essential for the business sector to diagnose the interaction of these communities with their territories, in order to understand and manage conflicts and direct and/ or indirect benefits from business. That is because the good relationship between the company and its stakeholders is increasingly crucial for the survival of their business in an increasingly globalized and competitive market.
Given the difficulty of accessing the diverse and important dimensions of value taken as intangible and immeasurable from SEC to local communities, TeSE is building in 2015, together with member companies, a non-economic valuation methodology for CES, through the perspective of stakeholders. Currently, there is no consolidated and widely accepted methodology for non-economic valuation of SEC. Thus, this new methodology will complement DEVESE 2.0, which was launched in 2014 to assist the economic valuation of other ecosystem services from the perspective of the company.
While also addressing the CES in the measurement of ecosystem services process, TeSE seeks to arouse in business a look at the importance that communities give to the environment to which they relate and incorporate this factor in business decision making.