This article was originally published on Indufor.
“The EU Directive on disclosure of non-financial and diversity information (2014/95/EU) requires large companies, those listed on EU markets or operating in the banking and insurance sectors, to identify and disclose information on the relevant environmental and social impacts by 2018. Together with voluntary reporting commitments, these requirements present an opportunity for companies to reduce environmental and social impacts and concurrently increase resource use efficiency. To improve reporting on natural capital impacts and dependencies, specifically related to forests, various programs have developed means for measuring impacts across the corporate value chain (see CDP Forests report for 2016).
Indufor has been active in seeking to educate and develop capacity around these impacts; especially as they relate to natural capital and ecosystem services provisioning. Our capacity building activities have provided some important take-away messages and provoked interesting responses from participants. To enhance our outreach on these topics, we have recently joined the Natural Capital Coalition as a Training and Technical Advisor. The coalition is a group of like-minded companies, institutions and consultancies looking to harmonize the approach taken in the private sector towards natural capital accounting and valuation. We share a few of these from recent seminars and courses in this blog, and then highlight some of the emerging considerations that we see for companies in the future…”
Read on at: Indufor.