The present guide, which in short is referred to as a ‘guide on values and valuation’ gives effect to the diverse conceptualization of multiple values regarding the three main foci of the IPBES conceptual framework: (i) nature, (ii) nature’s benefits to people, and (iii) a good quality of life. It aims to raise awareness of the diversity and complexity of their associated ‘value’ types, how to conceptualise them, what methods may be applied to elicit such values, what data and capacity building needs currently exist within the IPBES objectives as well as how the diverse conceptualisation of values and valuation approaches provide inputs for the design and application of policy support tools.