SANParks’ biodiversity offset bank welcomed [SOUND]

# The South African National Parks’ biodiversity offset bank has been praised as a vital instrument for the country’s sustainable growth. It aims to expand protected areas while assisting developers in meeting their environmental, social and governance goals. Biodiversity offset banks operate by creating a supply of conservation and restoration projects. Developers can purchase biodiversity credits to compensate for the unavoidable impacts of development projects. United Nations Development Programme’s, Nokuthula Mhene, says biodiversity protection contributes directly to national prosperity: