'Biodiversity in Good Company' is a "member state participant" in the EU Business and Biodiversity (B@B) Platform of the European Commission, which entered into phase 2 in 2014. The Platform provides an EU level forum for sustained and strategic dialogue about the links between business and biodiversity.

There are three main workstreams: 

1. Accounting for Natural Capital: developing a decision framework and set of principles that help companies determine what form of natural capital accounting to adopt, and what best practice guidance and tools are available to support them.  The approach will be piloted by volunteer companies. 
2. Innovation for Biodiversity and Business: promoting innovation that contributes to nature protection and provides opportunities for businesses (including SMEs), by showcasing innovative companies / business models and identifying opportunities for fostering new business models. 
3. Access to Finance and Innovative Finance Mechanisms: demonstrating the benefits to businesses (including SMEs) of biodiversity-related investments, as well as showcasing financing schemes for biodiversity and champions in the finance sector who are funding biodiversity related project or who are using nature-related criteria for financing decisions.

There are several kinds of membership for companies, federations, member states or national business and biodiversity initiatives. Member state participants such as 'Biodiversity in Good Company' are requested to inform their members of the B@B work, apply the work in a national context where possible, and provide inputs and comment on the outputs of the three workstreams. They will also be invited to the annual meetings of the EU platform.

<link http: ec.europa.eu environment biodiversity business index_en.html _blank external-link-new-window external link in new>Website of the EU Business and Biodiversity Platform