Actions taken and/or funds made available to remedy or counterbalance deforestation, conversion, degradation, or other harms to ecosystems and their conservation values with environmental and/or social gains at sites other than those where the harms occurred.

• This definition refers to compensation for environmental harms. The term ‘compensation’ is also used in the context of remediation of human rights harms, for which compensation may come in many forms. See the Operational Guidance on Remediation and Access to Remedy.