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Financial Benefits of Natural Capital Accounting

November 09, 2017 |

This article was originally published on International Finance

“Later this month, Edinburgh will host the World Forum on Natural Capital. This year marks the third time this bi-annual international event has been held in the Scottish capital.

For those who may not know, natural capital can be defined as the stock of our natural resources. This includes plants, animals, air, water, soils, minerals, all of which combine to yield a flow of benefits to people on earth. They also benefit business.

On November 27, hundreds of people from across the globe, including foreign government representatives, senior figures from NGOs, international agencies, and leading businesses, will gather at the Forum to highlight the importance of natural capital across the world and the need for it to be managed as a vital asset. A key focus will be on the economic importance of natural capital for business. All companies impact and depend on natural capital for their continued success.

The Natural Capital Protocol provides a standardised framework to identify, measure, and value impacts and dependencies on natural capital. It was developed to enable business to understand how to assess risks and opportunities related to the value from our land and seas. We’re delighted to have led the development of the Protocol on behalf of the Natural Capital Coalition. And we’re continuing to go further…”

Read on at: International Finance.

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