Accounting for natural capital

natural capital accounting

"Natural capital is another term for the stock of renewable and non-renewable natural resources on earth (e.g., plants, animals, air, water, soils, minerals) that combine to yield a flow of benefits or 'services' to people." - The Capitals Coalition
"Natural capital accounting (NCA), which is part of broader wealth accounting, integrates natural resources, economic valuation and analysis, providing a better understanding of development progress and its impacts on society and environment than standard measures such as Gross Domestic Product (GDP)." - The World Bank
"Natural capital accounting is a tool to measure the changes in the stock and condition of natural capital (ecosystems) at a variety of scales and to integrate the flow and value of ecosystem services into accounting and reporting systems in a standard way." - The European Commission

our approach

1. Generate a material natural assets inventory
We work with clients to define material natural assets relevant to the business decision.

We co-generate an inventory of material natural assets related to the business decision context.
2. Identify relevant ecosystem services
Leveraging established data sources, we catalog relevant ecosystem services.

Using qualitative and quantitative methods, we identify the relevance of ecosystem services to the business and to nature
3. Estimate the value of ecosystem services
We conduct secondary research to identify the most updated valuation for ecosystem services.

We deliver aggregated and disaggregated natural capital accounting for the business decision.
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