Putting natural capital analysis into practice
Businesses can learn how to get the benefits from natural capital assessments in a report by Trucost.
July saw the launch of the Natural Capital Protocol – a standardised framework for businesses to identify, measure and value their impacts and dependencies on the environment.
By valuing natural capital, companies can manage natural assets in the same way as financial capital. It enables firms to truly integrate sustainability into business decision making.
Trucost wrote the official sector guides to support the Natural Capital Protocol’s implementation in the food and beverage sector and the apparel sector. We have been working with companies and financial institutions to understand natural capital impacts and dependencies for 16 years, and we were honoured to contribute to the Natural Capital Protocol and develop the sector guides in collaboration with many others.
Now the challenge is to build a critical mass of companies using natural capital analysis. To raise awareness of the benefits, Trucost published Growing Business Value in an Environmentally Challenged Economy. It discusses how companies can better manage environmental risks to their businesses and identify opportunities to benefit from the transition to a low-carbon, circular ...