This report is a product of the Natural Capital Committee.
The Coalition looks forward to continued collaboration with the Natural Capital Committee, and we’re pleased to see that the government response to this report states that:
“We support the NCC’s work on developing an approach to corporate natural capital accounting. We will continue to work with the Natural Capital Coalition and the Natural Capital Declaration as they develop an internationally agreed approach to valuing and accounting for nature in business and finance. We will work to ensure that the emerging approaches are consistent, compatible, rigorous, proportionate and replicable”.
“Background to the Natural Capital Committee: In 2011 the government established a Natural Capital Committee (NCC); an independent, time limited committee providing advice to the government on the sustainable use of natural capital in England (the elements of the natural environment which provide valuable goods and services to people, such as clean air, clean water, food and recreation). The Committee’s main advice to government was to develop a long-term (25 year) plan to meet its goal of improving the environment within a generation.
The current government made a manifesto commitment in 2015 to re-establish the Committee. The Natural Capital Committee was re-instated in January 2016, with a remit through to 2020. As with the first Committee, the NCC formally reports to the Economic Affairs Committee of the Cabinet, chaired by the Chancellor of the Exchequer. The Committee’s main role is to advise the government on how to develop its 25 year plan to improve the environment.
The Committee is chaired by Professor Dieter Helm and has six members who collectively bring expertise and experience in the fields of ecology and environmental science, economics, accounting and business. The members are: Professor Ian Bateman; Professor Diane Coyle; Professor Paul Leinster; Professor Georgina Mace; Professor Colin Mayer; and Professor Kathy Willis. The Committee is supported by a secretariat based in the Department for Environment, Food and Rural Affairs…”
Read on and access the report at: Gov.uk