Businesses are increasingly aware of their dependencies upon nature’s goods, however this has focused mainly on water usage and carbon emissions, often neglecting the other critical aspects of natural capital such as ecosystems and biodiversity. This business-focused synthesis report is the result of a unique partnership between business and academic researchers. The work is informed by experts from conservation, academia and industry who came together for a two day workshop in June 2016 to explore how improved biodiversity metrics and methodologies can be developed, tested and then deployed for use in investment and corporate sectors. The business report is complemented by an academic working paper which provides further details on the methodology.