What is the natural capital Protocol?
The Natural Capital Protocol is a decision-making framework that enables organisations to identify, measure and value their direct and indirect impacts and dependencies on natural capital. All organizations to varying degrees are dependent on the health of the natural world.
What is the natural capital Coalition?
The Natural Capital Coalition is a collaboration between leading organisations in research, science, academia, business, advisory, membership, accountancy, reporting, standard setting, finance, investment, policy, government, conservation and civil society.
What is natural capital assessment?
Natural capital assessment is the process of valuing impacts and dependencies upon natural capital in order to better integrate natural capital into decision-making and so improve natural capital management.
What makes natural capital?
Natural Capital can be defined as the world’s stocks of natural assets which include geology, soil, air, water and all living things. It is from this Natural Capital that humans derive a wide range of services, often called ecosystem services, which make human life possible.
What is the difference between ecosystem services and natural capital?
Ecosystem services are the flows of benefits which people gain from natural ecosystems, and natural capital is the stock of natural ecosystems from which these benefits flow. Natural capital is the stock of resources which generate ecosystem services.
Can Borneo economic development be sustainable?
Ecotourism in the Heart of Borneo offers a pathway to a more sustainable future for local communities. It provides an alternative way to generate income for communities while protecting the natural environment.
What are some of the key elements of natural capital?
Natural capital consists of four categories of ecosystem services (MA, 2003) provided by marine and terrestrial ecosystems: (1) provisioning services, or tangible benefits, obtained from ecosystems such as water, food, timber, and minerals; (2) regulating services that regulate ecosystem processes such as climate.
How do you assess natural capital?
There are three main steps to any natural capital assessment, (i) the creation of an asset register for a site, that describes the extent and type of habitats, (ii) the estimation of the level of ecosystem services provided by the natural capital (physical flows), and (iii) the monetary valuation of the benefits …
What are some life skills that can be practiced by connecting with nature?
Just watching birds outside might reduce anxiety and depression. But nature also has a lot to teach. From building observation skills to problem solving to gaining confidence, the outdoors can help kids gain important life skills.
Why do our lives depend on natural capital?
The goods and services that natural capital provides – such as foods, water, or climate regulation – are called ecosystem services. These provide people everywhere with the means for healthy lives and underpin all economic activity.
Why is natural capital so important?
Valuing natural capital enables governments to account for nature’s role in the economy and human well-being. For businesses, it enables efficiency, sustainability, and managing risks in their supply chains.
What is the purpose of the natural capital coalition?
It is a product of the Natural Capital Coalition, a global platform that brings together the different initiatives and organizations working in natural capital under a common vision of a world where business conserves and enhances natural capital. OK Now What? The Future of Natural Capital Accounting Metrics
What is the purpose of the Natural Capital Protocol?
The Natural Capital Protocol is a decision-making framework that enables organizations to explore their relationships with nature. The Protocol is a decision-making framework for organizations to explore their relationships with people and society.
Is there a need for a natural capital accounting standard?
As such, the need for a natural capital accounting standard for organizations has never been greater. 2020 has seen downloads of the Natural Capital Protocol reach tens of thousands from the Capitals Coalition alone, and the number of natural capital assessments undertaken by corporates similarly continues to grow.
Why do we need a natural capital approach?
A capitals approach enables organisations to understand how their success is directly or indirectly underpinned by natural capital, social capital and human capital, empowering them to make decisions that offer the greatest value across all capitals.