Organization directory
The Capitals Coalition is a global collaboration redefining value to transform decision making.
We unite leading initiatives and organizations under a common vision of a world that conserves and enhances all forms of capital.
The Coalition is made up of over 400 organizations and engages many thousands more, who together represent all parts of society. These organizations fall into seven broad stakeholder groups or ‘worlds’: Business, Finance, Government, Science, Accounting and Standards, Civil Society and Multi-stakeholder Groups.
Coalition organizations share a common belief that we can do more together than we can alone, and an understanding that it is only by bringing the many different parts of the system together as part of a purpose-led conversation that we can we affect real change. The Coalition’s strength comes from this belief, and from the diversity it brings.

3Keel LLP
3Keel LLP
3Keel is already working on a number of natural capital and ecosystem services projects, including providing practical ‘on-the-ground’ support to help decision-makers. Our widespread engagement with clients in both the private and public sectors presents opportunity for the 3Keel team to raise awareness of the NCC, and to test the Coalition’s methods and approach with different client teams.
Within our business we have technical specialists including foresters, ecologists and agricultural advisors, and we hope to contribute these skills in supporting the implementation of the NCC’s objectives.
3Keel is developing a network of UK businesses that wish to develop ‘landscape’ partnerships. We envisage this forum could be useful for sharing NCC approaches, and would welcome discussions over how best to do so.

Abbaty JSC
Abbaty JSC
Abbaty JSC is a Bulgarian software company experienced in the development and deployment of complex software solutions in the public and private sectors.
Several of our projects are environmentally oriented, with the Ministry of Environment and Water of Bulgaria being the Contracting Authority. We are very interested in the development of software expert systems and solutions relation to the valuation of ecosystem services and natural capital. We believe that our experience and expertise in the field of IT technologies will contribute to the Coalition’s mission of enabling a shift towards a world where business measures and values natural capital.
We will:
- Apply the principles of the Natural Capital Protocol in our software system development.
- Provide access to reliable data for the valuation of ecosystem services through the use of IT technologies.
- Help organizations to incorporate natural capital into business decisions and corporate strategy.

ABN AMRO
ABN AMRO

AECOM Infrastructure and Environment
AECOM Infrastructure and Environment
AECOM provides natural and social capital consultancy services based on an in-depth understanding of the benefits derived from the natural and social environment.
Our natural capital and ecosystem services team has worked with business and communities, national and local government, with the aim of identifying, accounting for and ultimately protecting or enhancing the value of their natural capital. We have a range of ecologists, social scientists, economists, planners, engineers and other specialists working together to determine the value of natural capital and embed this in business processes, projects and investments as well as policies and plans with the ultimate goal of putting the value of nature at the heart of decision making.
We support the Natural Capital Coalition by hosting the monthly Operations Group webinar, to share best practice and move forward the important agenda of natural capital in practice. We have expertise and experience in undertaking environmental valuation, natural capital assessment, cost-benefit analysis, ecosystem-based mitigation and adaptation and in developing market-based instruments. AECOM has applied the Natural Capital Protocol for organisations including Yorkshire Water; researched the business motivations for engaging in the natural capital agenda on behalf of the Joint Nature Conservation; prepared the Payment of Ecosystem Services (PES) best practice guide for Defra; undertaken work to measure the social and environmental returns of woodland creation for the Forestry Commission, UK; has developed in-house as well as client-bespoke ecosystem services valuation tools, one of which was recently awarded the National Grid Chairman’s Award and was shortlisted for the Finance for the Future Awards.

African Centre for Technology Studies
African Centre for Technology Studies

African Parks Network
African Parks Network
Well managed protected areas help to achieve the SDGs, such as ending poverty by creating decent local jobs, especially for youth in rural communities remote from capital, supporting good health, well-being and quality education for local people, and creating peace and stability, as well as making clean water, and mitigating climate change. By focusing on protected areas, achieving the SDGs, as well as meeting international commitments under multiple global conventions, including on climate change, biodiversity, desertification, migratory species, trade in endangered species, international wetlands of importance and world heritage sites, can synergise on-the-ground in a pragmatic and measureable manner. African Parks provides proof of concept and will contribute by showing what is possible, through its public-private partnership. African Parks currently manages 15 protected areas in nine African countries. In the process of restoring the land and protecting its biodiversity, African Parks also generated 4,804 jobs in 2018. Further, in the same year, through its efforts 82,706 people received healthcare, 79,884 children had access to education, and 77,881 tourists visited the parks. The carbon benefits, which are real, have yet to be quantified or fully monetized, which is work that is currently in progress.

Ag Resource Strategies
Ag Resource Strategies
AgRS’s experience resides in on-farm natural capital accounting methods and processes and its incorporation into organizational value webs. Much of its work has focused on developing an index-based eco-commerce platform with an emphasis on organizational governance styles.
AgRS can contribute knowledge associated with the use and application of a governance compass to assess governance footprints of natural capital projects of both public and private entities. AgRS has used these techniques to provide clarity to project participants on how governance strategies can be applied to reduce inherent conflicts and align the activities of practitioners and policy-makers.
AgRS has a broad perspective of USA natural Capital efforts with involvement in projects such as the Chesapeake Bay BMP Verification Panel, UN Foundation’s Solution From the Land, US Water Alliance, USDA-EPA Water Quality Certainty Programs, and various local, state, and industry on-farm environmental quality assurance programs.
Tim Gieseke has written Shared Governance for Sustainable Working Landscapes, a Taylor & Francis/CRC Press book published in 2016. It includes several prominent USA case studies addressing their accounting, methods and governance styles.

Agro -Ecological Investment Management
Agro -Ecological Investment Management
AE seeks to demonstrate that by enhancing and developing environmental positives as a matter of course, it is possible to create greatly improved investment outcomes.

AkzoNobel
AkzoNobel

Alliance for Water Stewardship
Alliance for Water Stewardship
The visions and missions of AWS and the Coalition are clearly very closely aligned. Understanding natural capital stocks and flows is a fundamental part of water stewardship. Being engaged with the coalition can help us support companies to understand their natural capital impacts better in the context of implementing or promoting water stewardship. This will feed valuable information and knowledge back to both of our organizations.

Altus Impact
Altus Impact
Altus Impact is an environmental advisory and sustainability communications agency. We are environmental economists and strategists, expert number crunchers, content development specialists, and digital masterminds working with the public and private sector to find solutions to pressing development and environment challenges.
By using state-of-the-art tools and approaches (including qualitative, quantitative and monetary valuation of natural capital), we generate rigorous data, provide quality analysis and craft compelling messages that enable organisations make sense of their impacts and dependencies on natural capital across the entire product life-cycle and value chain. Our team has experience with various sectors including tourism, transportation, infrastructure planning, farming and forestry in this regard.
Capitalizing on this background, Altus Impact is well-positioned to assist in the coalition with a different tasks, including: reviewing the NC protocol, developing sector guides and assisting coalition members with implementing parts or the whole of the protocol. Altus Impact will also be active in ‘spreading the message’ amongst our clients and networks and encourage adherence to the coalition and use of the protocol so as to promote the conservation of natural capital within businesses worldwide.

ALUS Canada
ALUS Canada
ALUS Canada is an organization built on valuing natural capital, having proven time and time again that farmers will produce more natural capital if it is more highly valued. ALUS’ growth is exponential, with 21 community partners, an increasing list of collaborators, and more than 1,000 farmers working to restore or enhance approx. 23,000 acres of natural capital to date.
With an effective national mechanism supporting a community-led and farmer-delivered approach, ALUS is a proven, next-generation conservation program poised to have an increasing impact on the Canadian landscape. The ALUS program shifts people’s behaviours by engaging communities and empowering the grassroots. This concept encourages donors to support growth on the ground, as there are not only environmental benefits, but also economic and social value that can flow back to beneficiaries engaged in producing natural capital.
ALUS has now launched New AcreTM Project, a vehicle that allows the business community to directly invest in ALUS projects and create new acres of natural capital. New Acre Project places a significant value on the full suite of benefits created by project sites. It is at once an integral part of sustainable business thinking, an effective CSR program and a direct impact-offsetting opportunity for Canadian corporations.
The net result is to increase the value placed on natural capital by all parties—both those who can produce natural capital and those who consume it. Together, we can sustain agriculture, wildlife and natural spaces for all Canadians–one acre at a time.

Amagi Desarrollo Humano SRL
Amagi Desarrollo Humano SRL
We are specialized in the development and implementation of sustainable business.
We envision a global economy that uses business as a force for good. AMAGI is a B Corporation, that´s why we are purpose-driven and creates benefit for all stakeholders, not just shareholders.
As leaders of this emerging economy, we believe:
• That we must be the change we seek in the world.
• That all business ought to be conducted as if people and place mattered.
• That, through their products, practices, and profits, businesses should aspire to do no harm and benefit all.
• To do so requires that we act with the understanding that we are each dependent upon another and thus responsible for each other and future generations.

Amazon Natural Capital Institute
Amazon Natural Capital Institute
The Amazon Natural Capital Institute views the integration of natural capital into decision making and business accounts as key to mitigating climate change. We implement such actions in Brazil and promote them in Europe via our UK arm, LP Natural Capital. Following recent legislation on a legal framework for payments for ecosystem services in Amazonas State, Brazil, we are in partnership with the Amazonas State Government to support the development of natural capital tools to leverage the legislation. As a result, we are in a firm position to develop and enable the policy environment surrounding natural capital and its data flow, help develop systems specific to the Amazon biome, whilst encouraging the use of the Natural Capital Protocol and supporting the shift in corporate behaviour to enhance rather than deplete natural capital. As deforestation is increasing again in the State, the Natural Capital Coalition’s effort, coordination and membership will provide important support and influence to tackle the issue.

American Industrial Hygiene Association (AIHA)
American Industrial Hygiene Association (AIHA)
AIHA is the association for scientists and professionals committed to preserving and ensuring occupational and environmental health and safety (OEHS) in the workplace and community. Founded in 1939, we support our members with our expertise, networks, comprehensive education programs, and other products and services that help them maintain the highest professional and competency standards. More than half of AIHA’s nearly 8,500 members are Certified Industrial Hygienists, and many hold other professional designations. AIHA serves as a resource for those employed across the public and private sectors, as well as to the communities in which they work.
We are impressed with the mission and goals of the Capitals Coalition, and feel our rich and diverse expertise in OEHS can be leveraged. With our significant standing in the public health community, we would share with others in our communities how Capitals-thinking provides leverage in addressing complex challenges. We would strive to integrate Capitals-thinking: (a) within research we support; (b) into recommendations we provide public policymakers, and (c) in advancing skills development for OEHS professionals.

Anglian Water
Anglian Water
Anglian Water’s sustainability strategy includes action on natural capital such as reducing capital and operational carbon, driving down leakage, encouraging water efficiency and enhancing biodiversity across our region.
We are fully supportive of the Natural Capital Coalition’s mission. Where we are able we will share our learning on embedding natural capital in decision-making within the coalition and beyond and work in collaboration to achieve shared objectives.

ANSA Merchant Bank
ANSA Merchant Bank
ANSA Merchant Bank is a Commercial and Investment Bank that, for over 40 years, has provided financing, investment, and wealth management solutions to individuals, businesses and sovereigns, both locally and regionally within the Caribbean. ANSA Merchant Bank believes that creating and sustaining lasting value for our community and our shareholders is dependent on the health of the natural world we live and work in. We have therefore adopted a Natural Capital approach for advancing and enhancing our shareholder value. As we identify and quantify the ways in which our business affects, and is reliant on, natural resources, we will be compiling the first ever private sector-led Natural Capital Report in the Caribbean. In addition, we are partnering with the Cropper Foundation to establish the Caribbean Natural Capital Hub. The Hub will mainstream the application of natural capital practice in the Caribbean private sector through: enhancing the understanding and inclusion of natural capital in business; build the knowledge base for integrating natural capital into decision-making and planning; and creating a community of private sector champions. The Hub will be grounded in multi-stakeholder partnership, bringing together civil society, private sector and public sector to co-create and collectively advance a more nature-positive Caribbean.

Anteo
Anteo

Anthesis Consulting Group
Anthesis Consulting Group
Anthesis Enveco offers consulting, research and training services. In Anthesis Group, we serve as a Centre of Excellence in environmental economics, and we also have core competencies in social sustainability issues, sustainable energy systems and sustainable urban development, where we have a unique integrated (economy-environment-energy) business proposition based on long experience and innovative solutions. We are well-established in the international research community and have since our inception in 2004 been involved in a considerable number of national and international research and consulting projects, often as the main coordinating body.
We have worked with the public and private sector, to demonstrate that those businesses that value natural capital and account for ecosystem services in their strategic and operational decision making, and accounting, are likely to be more competitive in the long run. We arrive at these findings by: (1) applying environmental economics techniques for valuing ecosystem services and natural capital change; (2) contributing to improved decision-making support for businesses and policy-makers by taking such values into account in cost-benefit and cost-effectiveness analyses; (3) complementing such economic analyses with social and environmental aspects in broader sustainability assessments through multi-criteria analysis; and (4) advising on policy instrument design that would give economic and other incentives for actors to change their behavior in a way that supports a sustainably productive natural capital as a crucial part of a sustainable development.
We are delighted support the important work of the Natural Capital Coalition by contributing to the piloting of The Protocol; participation in the regular operations calls and consultation on the Finance Sector Supplement. We are also engaged in the development of the Oceans Supplement, drawing on our recent involvement in the NutriTrade project in the Baltic, and assessment of the economic value of inland waters in Stockholm.

Applied Genomics Ltd.
Applied Genomics Ltd.
Applied Genomics deliver bespoke solutions for ecological assessment using the latest advances in environmental genomics technologies. Our approach is particularly valuable for projects undertaken in challenging environments or that have a higher level of operational difficulty, which current ecology techniques cannot easily address: biodiversity assessment; detection of rare or cryptic species; management of threatened or invasive populations. Our solutions may be adapted to suit local to landscape-scale assessments. Our services include biodiversity monitoring, biosecurity, environmental risk assessment, ecotoxicology impact assessments, species-habitat occupancy modelling and environmental rehabilitation. Our approach is cost-effective, non-invasive, rapid, robust and achieves a significant advancement in delivering ecological assessments with molecular accuracy.
We support the Natural Capital Coalition’s mission through sharing of our experience in delivering environmental genomics assessments and by collaborating on the development of protocols for incorporating environmental genomics assessments in an ecosystem valuation framework. We support a shift in corporate behavior to enhance natural capital valuation and the evolution of an enabling policy environment.

Arbor Day Foundation
Arbor Day Foundation
To harmonize approaches to natural capital, we have an unmatched global network of community tree and forestry partners with the ability to deliver high quality planting projects in urban settings, natural forests, agroforestry, and forestry carbon market projects. Since 1/3 of global emissions came from deforestation, we view trees and forests as a natural technology that can restore ecosystems, promote healthy communities, and reverse climate change when deployed at scale.
An example of how we promote the enhancement of natural capital is with our focus on reforestation projects in the carbon markets. Today, there are three forestry options available for carbon credits: Reforestation, Improved Forest Management, and Avoided Conversion. Of the three forestry options, Reforestation is the only one that builds equity back into the ecosystem – and therefore, a special forestry asset class. The other two, while important, are about forests that are already established. This equates to a very different cost curve and set of circumstances for Reforestation, but the additional ecosystem benefits far outweigh the costs.
We help our 200 corporate partners (like Disney, PwC, Seventh Generation, FedEx, Verizon, TD Bank, UPS) think creatively and integrate forests and trees into their critical business priorities such as, supply chain resiliency, employee engagement, community impact, verified carbon emissions reductions, and partnership development. We organize intimate roundtable events and conference for our corporate partners and tree/forest partners to connect and learn about how trees and forests are helping advance their sustainable development goals.

Arcadis
Arcadis
Arcadis was part of the team responsible for developing the Natural Capital Protocol. Through our global presence we are able to provide our clients with the necessary support on regional and global issues with regard to natural capital. Arcadis has over many years worked with a wide range of clients on very different projects and can support clients in the following ways:
• Identification of natural capital impacts and dependencies (corporate level, site level, value chain level, product level) and the associated risks and opportunities (based on robust materiality assessment criteria and techniques).
• Measuring and valuing natural capital impacts and dependencies, including the identification of pragmatic indicators.
• Valuation of changes in natural capital; valuation techniques for both societal values and business values.
• Natural Capital Protocol compliance checks – How does your strategy fit with the Stages, Steps and principles of the Natural Capital Protocol?
• Specific expertise in challenging natural capital components such as biodiversity. How to develop pragmatic indicators for biodiversity? Which are suitable No Net Loss approaches? We have extensive experience with Natural Resource Damage Assessment (NRDA) and Habitat Equivalency Analysis (HEA) to support the quantification of the services provided by natural capital in upstream, midstream, downstream and retirement of assets, globally.
• Specific expertise in Green Infrastructure and Nature Based Solutions: option appraisal, design, assessment of natural capital benefits and business value, training (Arcadis contributed to the WBCSD/UNEP online, free training course on Natural Infrastructure for Business (NI4Biz)).
• Specific expertise in maximizing asset value: optimizing natural capital design in order to increase resilience to climate change, increase biodiversity value, reduce operating costs, etc.
• Defining your Natural Capital Strategy and Action Plan on corporate, site, value chain, product level.
• Developing and conducting trainings on natural capital. We have done so for larger companies as well as small and medium enterprises.
• Specific expertise in natural capital incentive mechanisms (regulatory, voluntary) such as Payments for Ecosystem Services, temporary nature, etc.
Arcadis was also one of the pilot testers for the Natural Capital Protocol. This, along with our contribution to the Dutch Green Deal “Transparency Natural and Social Capital” in collaboration with 21 other Dutch businesses, the government and Non-Governmental Organizations, and the resulting publication “It pays to be transparent” indicates we not only support our clients in identifying their relationship with natural capital but also hold ourselves accountable to the same standard.

Arup
Arup

Association Des Entreprises Pour L’Environnement – EPE
Association Des Entreprises Pour L’Environnement – EPE
We are the WBCSD Partner in France.
We will disseminate the coalition work toward our members. We will share our work on the act4nature initiative with the coalition or more generally on biodiversity (case studies, publication…)

Association for Promotion Sustainable Development
Association for Promotion Sustainable Development
1 Association for Promotion Sustainable Development is engage with Natural Capital Programme by Yes Bank Limited in last 3 years.
2 Association for Promotion Sustainable Development is working on protect, restore and promote Sustainable use of terrestrial ecosystem, sustainably manage forest, combat desertification halt and reverse land degradation and halt biodiversity loss.

Audencia Business School
Audencia Business School
We intend to contribute through research and pedagogy on integrated capitals

Aurecon
Aurecon
Aurecon is a design, engineering and advisory company that brings ideas to life to create a better future for people and the planet. We believe humanity depends on engineering founded in natural and social capital; and we recognise we have a broader stewardship role to play. A deep responsibility to hold. As we continually strive for a life in balance, Aurecon clients will be ready for the future and engineered for life.
We bring the business environment to the growing environment business, and we do this using adaptive planning, a new way to incorporate decision making around uncertainty and shared benefits. Our environmental and sustainability teams are known for:
> Sustainable Water
> Land, Soil & Biodiversity
> Climate Change & Transition
> Natural Markets
> Circular Economy
We seek to collaborate with future focussed organisations to shape the planet of the future with effective decisions today

Azentúa – Valor Ambiental y Sostenible
Azentúa – Valor Ambiental y Sostenible
We offer our technical and technological expertise of more than 10 years working in the development of methodologies to help our customers in the identification and quantification of their environmental risks and integrating the results in the corporate decision boards. We offer the possibility of, by the application of the Natural Capital Protocol (and/or sector guides), companies make tangible the intangibles. We offer our expertise in developing solutions to help in the application of the Natural Capital Protocol as a global standardized framework for understanding impacts and dependencies on natural capital and integrating this into decision making.

Banka BioLoo
Banka BioLoo
Banka BioLoo believes in enhancing natural capital. Through its sustainable sanitation solutions, the company ensures that the groundwater is not contaminated, along with resource recovery.
We wish to contribute to the Coalition’s vision through our work and commitment.

BCSD Taiwan
BCSD Taiwan
BCSD Taiwan is one of the Global Network partners of the WBCSD. We propose for supporting the Capital Coalition’s work in Taiwan.
Our goal is to promote the Natural Capital Protocol and Social & Human Capital Protocol these two Protocols could be implemented in Taiwanese companies.
To reach the goal, the Natural Capital Protocol has been translated into Traditional Chinese by us since 2021.
Here are some actions planned as follows:
– Translate the Social & Human Capital Protocol into Traditional Chinese
– Trumpet these two Protocols to Taiwanese companies
– Pilot run with Taiwanese companies in partnership with WBCSD’s TNFD program
– Feedback insights and experiences back to Capital Coalition
– Share experience and cases of Taiwanese companies involving measuring impacts & dependencies and valuing risks & opportunities

Berkshire, Buckinghamshire, and Oxfordshire Wildlife Trust
Berkshire, Buckinghamshire, and Oxfordshire Wildlife Trust
We are interested in working with partners (landowners, businesses, councils) to help them realise the true value of the natural world, and help work with us to create more wildlife rich landscapes in the UK. By becoming a member of the coalition, we will signal to our partners our seriousness about adopting a natural capital approach through guiding our own initiatives and projects, and our partnership work.
Dr Prue Addison will continue to work as an advisor on the Biodiversity Supplement, and is happy to contribute to other NCC led work.
Berkshire, Buckinghamshire, and Oxfordshire Wildlife Trust

Binatani Sejahtera
Binatani Sejahtera

Biodiversity Node
Biodiversity Node

Biovert Protein
Biovert Protein

Birdlife International
Birdlife International

Blue Finance
Blue Finance
Blue Finance (BF) is a dynamic, new NGO, with a primary objective of helping marine ecosystems both from an economic and integrated management perspective. We started in 2010 in the South Pacific and in the Caribbean as a project aimed at providing technical advice to develop “innovative” financing mechanisms with local communities and the private sector for MPAs and saw a need to become more involved in the establishment, management and implementation of MPAs.
BF is convinced that utilising the Private Sector in the management of marine conservation spaces in many cases is crucial and that this sector can make significant contributions to the long term, sustainable financing, required for conservation. Using this sector as a financing organ could lessen the need for both government and NGO funding; the former being usually insufficient and the latter non sustainable.
The small team possesses members of different profiles each with 20 years expertise in conservation finance, resource economics, Integrated Coastal Zone Management, Marine Biology and Ecology, Marine Park Management, Stakeholder Engagement and Fund Raising. BF is committed to bringing a multifaceted response plan for marine conservation
We can therefore contribute to each of the Coalition’s mission objectives, as we believe and work in multidisciplinary conditions, have projects entered on building the business case for inclusion in decision making, are supporting the shift of corporate behaviour towards environmental returns and enabling policy environments.

Brasilian Business Council for Sustainable Development
Brasilian Business Council for Sustainable Development
CEBDS proposal for contributing to the Coalition is to become a Brazilian Official Hub. By becoming a regional hub we have a series of actions that will be our goal. In order to reach our goals, CEBDS will search for financing opportunities to make the actions viable. Actions will be performed only when financial support is confirmed. Here are the actions planned:
- Translate the Natural Capital Protocol into Portuguese
- Adapt aspects of the protocol to Brazilian reality
- Disseminate the protocol in the country
- Provide insights from our companies and experiences into sector guides
- Adapt a Protocol Application Programme for Brazil in partnership with the Coalition and CISL and/or WBCSD
- Train consultants to give support to companies seeking to use the protocol
- Create a business and experts working group to discuss tools and methodologies for natural capital valuation
- Share experiences and cases of companies involving valuing natural capital, dealing with risks and finding opportunities

British Standards Institute
British Standards Institute
BSI has been involved with the Coalition for a while now, and is monitoring, and getting actively involved in, Coalition-led developments. As the National Standards Body of the UK, BSI is involved in, and often leads on, the development of sustainability standards – see BSI’s Sustainability Standards Navigator for an overview of our work in the area of sustainability standardization and specific examples of work related to natural capital.
We have launched a key standard on biodiversity – BS 8583 Biodiversity. Guidance for businesses on managing the risks and opportunities, have developed consensus-based approaches to environmental management (e.g. ISO 14001) and assessment of various environmental impacts (of particular relevance is our work on climate change related standardization), and are currently working on a relevant International Standard on monetary evaluation of environmental aspects and impacts. We are also plugged into the work of Defra and the UK Natural Capital Committee, and very keen to establish the role of NSB-led standards in the evolving subject of natural capital. With our standards development experience as the oldest NSB in the world and a founding member of ISO and CEN/CENELEC, diverse standardization portfolio across sectors and subjects, cutting edge practice in sustainability standardization, and access to the cross-sectoral expertise of our more than 10,000 committee members, we believe BSI is in a position to assist the NCC and its membership in achieving all aspects of its mission statement by working collaboratively with the Coalition and its international members.

BSR
BSR

Burberry
Burberry
Burberry is taking part in piloting the Natural Capital Protocol. Burberry will deploy and feedback on the first 4 steps of the Protocol to help the development of the protocol in advance of its release in 2016.

Business For Nature
Business For Nature

Calouste Gulbenkian Foundation
Calouste Gulbenkian Foundation

Calvert
Calvert

Cambridge Conservation Initiative
Cambridge Conservation Initiative
The Natural Capital Protocol is a guide for businesses looking to better understand and manage their relationships with the environment using a natural capital framework. Increasingly accepted as the standard framework for companies looking to understand natural capital, the Protocol recognises the importance of biodiversity as an underlying component of natural capital, but also recognises the challenges in capturing the specific values of biodiversity. These challenges were underlined by the public consultation to the Protocol where concerns were raised that biodiversity and its relationship to natural capital was insufficiently covered, that not enough attention was given to non-financial values and that, ultimately, companies would struggle to manage or even recognise impacts and dependencies on biodiversity as a result. The pilot studies to the Protocol supported this. Although most stated the guidance was sufficient with respect to biodiversity, in practice the focus was on the more tangible relationships with water and carbon and none included impacts or dependencies on biodiversity as part of their assessment.
The Natural Capital Coalition recognises the need to strengthen the way the Protocol deals with biodiversity. It has therefore partnered with the Cambridge Conservation Initiative (CCI), a collaboration between the University of Cambridge and leading biodiversity-focused conservation organisations, to address this challenge. Working with the European Business and Biodiversity Platform and other partners, CCI will build a cohort of experts who can act as change agents to define, develop and ultimately deliver more robust, biodiversity-inclusive natural capital assessments.
The goal of the joint project is to improve the incorporation of biodiversity into natural capital assessments. To achieve this, five objectives have been identified:
1. To determine the extent of corporate activity on biodiversity within natural capital assessments, perceived limitations of current approaches and secure broad support for an initiative to address those limitations by identifying and engaging with key stakeholders.
2. To identify appropriate responses to better integrating biodiversity into corporate natural capital assessments, barriers to those responses and means of overcoming them by using stakeholder needs and concerns identified in objective 1.
3. To ensure better representation of biodiversity within the natural capital assessments by developing a set of guidance documents or approaches in response to the findings of objective 2. A supplement to the Protocol will be one option, but the final decision will depend upon the requirements of the end users.
4. To build the business case for, and ability of, key stakeholder groups to better integrate the value of nature into corporate natural capital assessments by testing the developed product(s) from objective 3.
5. To increase and improve the integration of biodiversity into corporate natural capital assessments by disseminating the product(s) developed and lessons learned in objective 4 to key stakeholders.

Cambridge Institute for Sustainability Leadership
Cambridge Institute for Sustainability Leadership
The University of Cambridge Institute for Sustainability Leadership (CISL) managed the Protocol Pilot Programme which included over 50 companies pilot testing the Natural Capital Protocol to ensure it is robust, practical and relevant for business. Working closely with the companies, CISL was able to collect feedback that informed the development of the Protocol. CISL is now leading the Pilot Application Programme which will focus upon the Protocol application and build an effective, cooperative group of businesses who are using it.
CISL empowers business and policy leaders to tackle critical global challenges. By bringing together multidisciplinary researchers with influential business and policy practitioners across the globe, it fosters an exchange of ideas across traditional boundaries to generate new, solutions-oriented thinking.
Across complex and connected issues, CISL challenges, informs and supports leaders from business and policy to deliver change towards sustainability. Rewiring the Economy is CISL’s ten-year plan to lay the foundations for a sustainable economy. The plan is built on ten interdependent tasks, delivered by government, finance and business co-operatively over the next decade to create an economy that encourages sustainable business practices and delivers positive outcomes for people and societies.
One of CISL’s Platforms, the Natural Capital Leaders Platform has been working with over 100 companies wishing to understand and manage their impacts and dependencies on natural resources and ecosystems. The Platform aims to help progressive companies develop practical approaches for businesses to value, measure and manage their opportunities from, and impacts on, natural capital.

Canadian Business for Social Responsibility
Canadian Business for Social Responsibility

Capitalactiv
Capitalactiv

Carbon Disclosure Project
Carbon Disclosure Project

Cardno
Cardno

CECODES
CECODES

Cement Sustainability Initiative
Cement Sustainability Initiative

CEMEX
CEMEX
CEMEX has carried out and analysis of its environmental and social externalities (positive and negative), using the Natural Capital Protocol in its pilot-testing phase. The Protocol has helped CEMEX become fully aware of issues like the cost to society of a ton of CO2 emitted, or an acre of land disturbed or rehabilitated during our extracting activities. Likewise, it helped CEMEX quantify the value of its high-impact social programs such as ‘Patrimonio Hoy’.
This approach has helped one of CEMEX’s country operations reduce its impact per unit of sales year-on-year and in 2017 we plan to roll it out to all our operations globally and to further promote the value of this Protocol among our peers, competitors and stakeholders in the cement industry.

Center for Biodiversity and Tropical Forest Rehabilitation (BIOREF)
Center for Biodiversity and Tropical Forest Rehabilitation (BIOREF)

Center for International Forestry Research
Center for International Forestry Research

Center for Sustainable Organizations
Center for Sustainable Organizations

Centre for Environment and Sustainability, University of Surrey
Centre for Environment and Sustainability, University of Surrey
The internationally acclaimed Centre for Environment and Sustainability is privileged to incorporate academic expertise from economic, social, physical and engineering disciplines, which facilitates our multi-disciplinary approach to the analysis of sustainable systems. This broad spectrum of interests is reflected in the students who undertake our postgraduate programmes and go on to develop as active sustainability professionals within a variety of business sectors.
Our key research areas are underpinned by the investigation of resource flows and management, consumption, lifestyle choice and behaviour change on individual and community scales, focused on resource conservation and management. Additionally, our research in decision support develops to inform industry-relevant policy responses to long-term environmental and social issues.
Our own expertise is complemented not only by our colleagues across the University and at other academic institutions, but also by our range of public, private and third sector contacts and industrial partners. With over 20 years’ experience in running industry-based research programmes the Centre is well placed to develop and supervise practical, grounded, natural capital research projects relating to the development of Natural Capital Protocol sector guides and informing an enabling policy environment.

CH2M
CH2M

Charoen Pokphand Group
Charoen Pokphand Group
Charoen Pokphand Group is committed to sustainable business operations based on economic, social, and environmental responsibility, by recognizing and giving importance to minimizing impacts from the businesses operations, products, and services. By adopting the capital approaches, this helps us to sustainably utilize the stock of natural resources, human capital, and social capital for the operation. We are able to measure and value our impacts and dependencies on these capitals.

Chartered Institute of Ecology and Environmental Management
Chartered Institute of Ecology and Environmental Management
CIEEM is the leading professional membership body representing and supporting ecologists and environmental managers in the UK, Ireland and abroad. We are transforming the professionalism of the sector, just as our members are transforming the understanding of, and attitudes towards how we can protect and enhance the natural environment. Through our work, we aim to achieve our vision of a healthy natural environment that supports and benefits current and future generations.
We firmly believe that by working together we can make a difference, boosting the voice for nature and leading to a world rich in biodiversity.
We support the goals of the Capitals Coalition, and, by joining and collaborating with the Coalition we can use our voice to amplify the importance of adopting a Natural Capital approach to our members while using the Protocols framework to reduce our own impact on nature.

Chartered Institute of Management Accountants
Chartered Institute of Management Accountants

CII-ITC Centre of Excellence for Sustainable Development
CII-ITC Centre of Excellence for Sustainable Development
On invitation by the Ministry of Environment, Forests and Climate Change (MoEFCC), Government of India, the CII-ITC Centre of Excellence for Sustainable Development incubated the India Business & Biodiversity Initiative (IBBI) with the support of German Development Cooperation through GIZ. The establishment of business and biodiversity initiative relates to the decisions of COP 11 to encourage greater private sector engagement with the Convention on Biological Diversity (CBD) and create enabling conditions for business to support the objectives of Convention and its protocols. Instituted within the Global Platform for Business and Biodiversity (GPBB), a hub for national and international initiatives hosted by the CBD Secretariat, the IBBI aims to:
• build awareness and capacity among business and its stakeholders on biodiversity management;
• document, showcase and promote good business practices in India and globally; and
• advocate public policies at national and international level.
The IBBI was launched under the Chairmanship of Mr R Mukundan, Managing Director, Tata Chemicals Limited on the occasion of International Day for Biological Diversity on 22nd May 2014 in New Delhi. Having a broad-based multi-stakeholder approach that involves business, government NGOs and academia, IBBI serves as a national platform of business and its stakeholders for dialogue, sharing and learning, ultimately leading to mainstreaming sustainable management of biodiversity into business.

Circular Investment
Circular Investment
Circular Investment invests in forward-thinking, future-facing companies and projects that benefit business, society and the environment. We are a firm believer that natural capital, social capital, human capital and produced capital form the foundation of wellbeing and economic success. In order to achieve a global economy within planetary boundaries we need to take all forms of capital into consideration, allowing to make holistic decisions that create value for nature, people and society alongside businesses and the economy.

Climate Disclosure Standards Board
Climate Disclosure Standards Board
The CDSB Framework for reporting environmental information & natural capital is an externally focussed tool to help companies provide clear, concise and consistent information to investors, by considering the characteristics and requirements of the information they present, and connecting an organisation’s environmental performance to its overall strategy, performance and prospects. The Framework does not cover operational decision-making, internal processes, or offer guidance on management’s actions; it is a tool to help companies report on these.
By helping business measure and value their impacts and dependencies, providing rigorous, reliable, context specific information, the Natural Capital Protocol and the CDSB Framework support and enhance opportunities for business to report decision-useful, actionable information to capital markets. These actions can improve decision making to foster more resilient capital markets, realise sustainable development goals and promote the sustainable use of natural capital.

Climate Earth
Climate Earth

CO2eco Limited
CO2eco Limited
CO2eco’s mission is to accelerate private finance investment in climate mitigations, adaptation and nature-based services by creating structured financial products including forward contracts. We are a UK start-up looking to launch our first product in the UK in 2023. We wish to collaborate in the Coalition’s network by contributing thought leadership on carbon accounting and long term finance solutions.

Coca-Cola Company
Coca-Cola Company

Commonland
Commonland
Commonland is a not-for-profit system developer of large-scale ecosystem (landscape) restoration projects, bringing solutions at a landscape scale on biodiversity, climate change, regenerative agriculture, and revitalizing communities. Our goal is realizing large-scale landscape restoration with others and so creating a new norm for sustainable ecosystem management. To make this happen we have developed the 4 Returns Framework to create a universal setup. The 4 Returns Framework consists of 5 process elements to achieve 4 Returns on impact within a 3 landscape zones setting for a minimum period of one generation (20+ years). We align stakeholders within a large landscape and establish landscape partnerships and develop regenerative businesses and actions on the ground to create scale. As an integrated framework, 4Returns was specifically created to make landscape restoration practical and thus attractive for people and connected to a systemic approach at the landscape level. The 4 Returns toolkit including a multi-capital valuation method for landscape restoration provides a common language with measurable key performance indicators and monetary value per return and zone, precisely what is currently lacking internationally. In this way, we aim for a pipeline of investable landscape projects to make private investors portfolios sustainable.

Conceptualee Resources
Conceptualee Resources
We are working on localized cluster models to assess, evaluate, and leverage natural capital for development in a sustainable manner. There are many complements between Capitals Coalition and our work. Most of our work is applied research, so we can provide insights to members of the Capitals Coalition from our own groundwork.

Confederation of Indian Industry
Confederation of Indian Industry

Consciam Limited
Consciam Limited
Consciam exists to make a difference; to help our clients to understand and reduce their environmental impacts. We work with a wide variety of organisations, from small to global businesses, local government and international charities. Natural Capital related projects are a growing part of our portfolio, having contributed to a number of such projects in association with Sustain Value.
An important part of our vision is to help smaller organisations, who do not have the resources of the corporates, to play an active role in sustainable business. I am excited to further explore how such smaller organisations can better understand and enhance natural capital. I believe representing the needs of the smaller organisations would make an important contribution to the Natural Capital Coalition. This may involve championing the business case, protocols, processes and best practice that are accessible and appropriate to smaller organisations, but compatible with the approaches followed by the corporates
Consciam’s founder, Phil Clarke, is experienced in supporting organisations such as the Natural Capital Coalition. An example would be through his active contribution to the Forum for the Future led Net Positive Group, and continuing involvement with the Net Positive Project.

Conservation Finance Alliance
Conservation Finance Alliance
The Conservation Finance Alliance (CFA) is the leading global professional association of conservation finance experts, practitioners, and organizations. The CFA’s mission is to promote awareness, expertise, an innovation in conservation finance globally. The CFA has been active in the conservation finance arena since 2002. Conservation finance is the practice of raising and managing capital and using financial and economic incentives to support the sustainable management of nature. Conservation finance mechanisms and solutions seek to leverage and effectively manage economic incentives, policies, and capital to achieve the long-term wellbeing of nature and the services nature provides to society. Over the last decade, there has been an explosion of innovation and success with these approaches but specialized knowledge and insights requires consolidation and sharing. The CFA seeks to promote the use of Natural Capital concepts and insight to support the maintenance of natural and resilient ecosystems.

Conservation International
Conservation International
For nearly 30 years, Conservation International (CI) has been protecting nature for the benefit of all. To that end, CI is helping to build a healthier, more prosperous and more productive planet. We do this through science, policy, and partnerships with countries, communities and companies.
CI has delivered innovative research and science based solutions to transform the global conservation agenda. Researchers of CI’s Betty and Gordon Moore Center for Science (MCS) have worked for 27 years on innovative partnerships, advanced analysis and rigorous scientific work that focus on the health of ecosystems, the values they provide to societies and the way people make decisions.
CI has engaged in innovative private sector partnerships for over 25 years. CI has a dedicated team, the Center for Environmental Leadership in Business (CELB), focused on making global production more sustainable by forging positive collaboration with the private sector. CELB leads CI’s efforts to promote sustainable business practices by working with companies — particularly those that have extensive global footprints in industries like mining, energy and agriculture — to ensure that the production of vital goods and services is sustainable and does not undercut nature’s ability to support humanity. CELB brings together business leaders through the Business & Sustainability Council.
Working in close coordination, experts from CI’s Moore Center for Science and Center for Environmental Leadership in Business (CELB) work together through advanced analysis and rigorous science to develop solutions to improve their business practices, creating and implementing strategies that combine bold commitments to sustainability with practical solutions that deliver benefits to the bottom line and the environment.
Join the Coalition
Become part of a dynamic global collaboration of leaders and leading organizations who have united around a purpose-driven ambition.
Sign up for updates
Benefit from the Coalition’s unique overview of the capitals approach and community, gain insights into the latest thinking and developments and receive newsletters and project updates.