The Natural Capital Coalition (formerly The TEEB for Business Coalition) is a global, multi stakeholder open source platform for supporting the development of methods for natural and social capital valuation in business. ICAEW is one of the Coalition’s founding organisations and is represented on its board and advisory group.
We hosted a conference in partnership with Tomorrow’s Company which explored how companies can inspire themselves by and through nature, by developing and implementing 'natural business strategies' into their business models
ICAEW is a supporter of the Natural Capital Declaration, a finance sector initiative, endorsed at CEO-level and launched at the United Nations ‘Rio+20’ Earth Summit in 2012. It aims to integrate natural capital considerations into loans, equity, fixed income and insurance products, as well as in accounting, disclosure and reporting frameworks.
Richard Spencer, Head of Sustainability at ICAEW, explains that natural capital accounting is a new discipline which highlights the impact of business activities on the natural world. This article was first published in the October 2013 edition of Charity Finance magazine and must not be reproduced in any form without the written permission of the publisher, Civil Society Media Limited.