This session will explore biodiversity offset practice and what has been learned from its implementation. The discussion will begin with reflections on global experience, including lessons from the World Bank Group’s recent evaluation of biodiversity offsets, examining what has worked, where challenges remain, and how approaches are adapting to meet growing biodiversity ambitions. Building on these lessons, the session will then delve into the Lao PDR efforts to operationalize the National Biodiversity No Net Loss / Net Gain Policy, which includes an Aggregate Biodiversity Offset Framework, an innovative landscape-scale approach designed to improve conservation outcomes, streamline implementation, and address some of the limitations encountered with project-specific offsets. Panelists will discuss the opportunities, challenges, and practical considerations for implementing more strategic and effective approaches to attain no net loss or net gain objectives.