Corporate natural capital valuation should be promoted, advisers say
The government should do more to encourage businesses to value and report on natural assets such as flood plains, and soil and water quality, the Natural Capital Committee (NCC) has recommended.
In its fourth annual report to government, the committee said investment by the private and public sector would be required to deliver the government’s 25-year plan for nature.
The report outlines that the loss of natural capital is imposing significant costs on the UK economy and businesses, and these are often not sufficiently recognised and tend to be excluded from economic indicators of progress, such as GDP.
However, the committee believes the costs are increasingly apparent, with more flooding, further decline in soil quality and pollinator numbers, more air pollution and an accelerating loss of outdoor recreation areas.
Much of England’s natural capital is owned and controlled by the private sector, the committee ...