IPBES is an independent intergovernmental body comprising over 130 member Governments. Established by Governments in 2012, IPBES provides policymakers with objective scientific assessments about the state of knowledge regarding the planet’s biodiversity, ecosystems and the contributions they make to people, as well as options and actions to protect and sustainably use these vital natural assets. The IPBES Methodological Assessment of the Diverse Values and Valuation of Nature was initiated following a decision from the IPBES Plenary at its sixth session (IPBES 6, Medellin, 2018), and considered by the IPBES Plenary at its ninth session (IPBES-9, Bonn, 2022). It is composed of a summary for policymakers which was approved at IPBES-9, and six chapters, which were accepted at IPBES 9.