News |Integrated Capitals

New Capitals Hub Launches in Thailand

November 24, 2023 |

The Capitals Coalition is pleased to announce a new Capitals Hub based in Thailand has joined our global community.

Capitals Hubs are formed by communities of practitioners that develop and scale the capitals approach within specific regional or national contexts or within industries or sectors. They connect leaders and leading initiatives to ensure that people are collaborating across the system and provide a space for geographic, sector or context-specific challenges, opportunities and solutions to be explored between stakeholders.

The work of the Hubs is fed back to the Capitals Coalition and informs our work areas, priorities and strategy. Capitals Hubs evolve organically, often by building on existing networks, and are supported remotely by the Coalition.

Thailand Capitals Hub

Today, Scholars of Sustenance Foundation (SOS) Thailand have launched the Thailand Capitals Hub. SOS Thailand will serves as the country’s central hub for Thai businesses and stakeholders interested in learning more about the capitals approach.

The primary focus of the Thailand Capitals Hub is to nurture and support the adoption of a capitals approach, foster collaboration, support, and share best practices, whilst also integrating standardized approaches to enhance sustainability throughout Thailand. This Hub is designed to become the primary destination for training, discussions, and collaborative efforts among Thai Hub members.

The Thailand Hub’s vision is to establish a robust stakeholder network in Thailand that can effectively cooperate and gain valuable insights through the capital approach. By doing so, they aim to bolster the economy and drive our society towards sustainable, net-zero practices.

In the face of impending challenges, Thailand Capitals Hub firmly believes that partnerships and shared responsibilities have the power to transform the world. Saving our planet requires collective action. SOS Thailand are committed to bringing together Thai stakeholders who share our passion for making a positive impact. Their hope that the Hub will be a welcoming home for all such individuals and organizations to work towards a brighter and more sustainable future.

For more information, or to get in touch with the Thailand Capitals Hub, please contact Earth Phongpheat.

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Introduction from Carl Obst (2017)

Victor Hugo once wrote that “Nothing is so powerful as an idea whose time has come”. Recognising the true value of natural capital, is one such idea. Across private and public sectors, across disciplines, and around the world, initiatives to advance and develop natural capital thinking have emerged rapidly over the past 10 years.

In a blizzard of acronyms, we have the NCC, SEEA, WAVES, IIRC, KIP-INCA, A4S, GRI, EO4EA – among many others. Are they the same, are they competing, are they useful? To both insiders and outsiders this range of initiatives is confusing at best. At worst, it leads to a lack of engagement, avoidance and misunderstanding.

The reality is that, while differences among these various initiatives do exist, they have all been motivated by a common understanding of the reality that we are losing our stocks of natural capital – and that this matters.

While each initiative may have different origins, some differing objectives, and may reflect variations in technique and method, there is much common ground. Indeed, to engage the broader community in tackling the natural capital challenges we collectively face, we cannot afford to focus on distinctions. Instead, we must look to build on the overlaps and seek to build a common language that will enable the exchange of ideas and ongoing innovation.

It is in this spirit of collaboration that the Natural Capital Coalition, together with the IDEEA Group and supported by over 20 organisations, launches this statement on Combining Forces on Natural Capital.

It is especially relevant that this statement of collaboration is launched at the World Forum on Natural Capital, where leading voices in the movement gather every two years, to share best practice, enduring challenges and build further collaborations.

While progress to date has largely taken place in small pockets, in order to move forward we need to ramp up our efforts and move beyond talking with supporters and “the converted”.

For this, we need leaders who can establish spaces for dialogue and development, and who can ensure that technical debates do not form a barrier to progress, that we take full advantage of the diversity of skills and experience already engaged, and that the big picture is always kept in mind.

I encourage you to take the opportunity to read the statement, to share it within your organisations, to sign on, and to join us as we move towards a better understanding and appreciation of the complex and beautiful world in which we live.

Carl Obst is Director of the Institute for the Development of Environmental-Economic Accounting (IDEEA Group), and Lead Author of the United Nation’s System of Environmental-Economic Accounting (UN SEEA).