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Natural Capital Accounting in Supply Chains

For countries and businesses to be viable in the long term the ecosystems and resources they depend on must be maintained, yet when it comes to the natural environment we are seeing a rapid depletion of capital. Economic invisibility has been a major reason for the neglect of natural capital and valuing natural capital is largely missing from business decision making today.

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For countries and businesses to be viable in the long term the ecosystems and resources they depend on must be maintained, yet when it comes to the natural environment we are seeing a rapid depletion of capital.

Economic invisibility has been a major reason for the neglect of natural capital and valuing natural capital is largely missing from business decision making today.

Resource scarcity is driving a growing interest from the private and public sector for understanding the dependencies business has on natural capital, the risks and opportunities associated with this relationship and their real economic value. Initiatives from business and policy are starting to proliferate on natural capital valuation but with little integration so far.

 

Breakfast session at 3GF2013

This session explored the potential for a new PPP track on Natural Capital. The TEEB for Business Coalition already provided a platform of public and private sector organisations leading natural capital activities internationally that provided a starting point.
The aims of this session were to:

  • Demonstrate the growing business case for natural capital accounting and valuation as a market transforming sustainability tool for business and investors – a status overview of leading initiatives from the private and public sector will be presented.
  • Discuss what was needed to scale action e.g.  market incentives, clarity on “why & how to” and the right enabling conditions.
  • Describe the TEEB for Business Coalition activities in partnership with the IFC which provides a platform to develop  and test a framework for natural capital accounting that defines the why and  how, what market incentives are needed as well as connecting the dots across existing public and private initiatives.
  • Explore the potential for a natural capital 3GF PPP track to support scaling existing public and private sector efforts.
     

 

Contact person for the breakfast session:

Dr. Dorothy Maxwell, Director, TEEB for Business Coalition (dorothy.maxwell@teebforbusiness.org)

Please find more information on the breakfast session and track to your right.

Natural Capital Accounting in Supply Chains