Sustainability issues for biodiversity business

Biodiversity is acknowledged as one of the most important resources that helps to sustain life’s processes. Additionally, it is also one of the most important sources of livelihood for different kinds of stakeholders at various levels of resource markets—local, domestic, or international. With globalization and increasing sophistication in the methods of commercial trade in biological resources, various issues arise related to the sustenance of resources, of ecological balances, and equity in transactions. All of these are concerns to be addressed to achieve a state of ‘sustainability.’ This paper prescribes to the definition of ‘sustainability’ as the capacity to maintain a certain process or state for “improving the quality of human life while living within the carrying capacity of supporting eco-systems” (IUCN/UNEP/WWF, in Caring for the Earth: a strategy for sustainable living. Gland, Switzerland, 1991). This goes beyond ensuring inter- and intragenerational equity in access to resources and includes several other parameters, including equity among stakeholders to returns from biological resources, related knowledge, trade-offs, and ethical business practices related to these resources. Through the prism of an examination of a simplistic supply route(s) and value addition chain of biodiversity resources for commercial use, this paper reviews and highlights issues related to ‘sustainability’ at each stage. Evidence points to shortcomings in the sustainable use of biological resources at each stage of value addition, calling for focused and specific measures to address them.