Social acceptance of biodiversity offsetting: Motivations and practices in the designing of an emerging mechanism

Biodiversity offsetting is a governance mechanism proposed as a solution to ecosystem degradation and the underlying economic drivers. Biodiversity offsetting's potential is often evaluated and argued with ecological and economic criteria. These factors are intertwined with a multitude of social and ideological conditions for acceptance and legitimacy, which have received less systematic empirical attention especially from the perspective of the actors who implement the offsets. In this paper, we empirically analyse how companies and authorities, the central actors applying biodiversity offsetting in practice, perceive the social acceptance in the design and implementation of the emerging mechanism in Finland. The interview data analysed with three interlinked dimensions of social acceptance, namely socio-political acceptance, market acceptance and community acceptance reveal where the mechanism's implementation may face friction with the central actors. While the importance of social acceptance of biodiversity offsetting shows to be a priority for the actors that will be implementing the mechanism and carrying the responsibility of the offsets in practice, the division of roles and benefits remains a point of tension, in the political sphere, in the market and in the community. Our analysis points to the necessity of integrating social and local values alongside ecological and economic ones as a way to address social acceptance. Finding the limits to flexibility between ecological, economic and social aspects is important in order to reach the diverse objectives of a BO mechanism.