The Natural Capital Protocol and Sector Guides are products of the Natural Capital Coalition. The Coalition is a collaboration of the world’s leading organizations from business, accountancy, science and academia, membership organizations, standard setting, finance, policy and conservation, who have come together through a common vision of a world where business conserves and enhances natural capital.
The WBCSD consortium has led the development of the Protocol with Conservation International, The B Team, PwC and Sustain Value leading the technical development; ACTS, Arcadis, eftec, ERM, Imperial College, ISS, Natural Capital Project, Synergiz and WWF developed critical technical elements; and, Accenture, CDSB, Deloitte, Dow, eni, GIST Advisory, Kering, LafargeHolcim, Natura, Nestlé, Roche, Shell, The Nature Conservancy and World Resources Institute provided technical insights and review.
The IUCN consortium has also contributed to the development of the Protocol, developed the accompanying sector guides and managed the business engagement and pilot testing. Trucost led the development of the sector guides on Food and Beverage and Apparel, with technical support from Indicate Advisory Services, The Sustainable Fashion Academy and The Food and Agricultural Organisation of the United Nations. EY carried out the business engagement and University of Cambridge Institute for Sustainability Leadership (CISL) managed the pilot testing process. IUCN National Committee of the Netherlands, True Price and VitalMetrics provided technical insights and review.
Collaboration has been central throughout the Protocol development process, through scoping, writing, piloting and consultation.
Scoping: In order to produce the best possible output, build consensus and gain the market momentum needed, the Coalition used every opportunity to engage with the expected users of the Protocol, business. This included a Business Engagement Program of over 150 businesses from all over the world.
Writing: The Protocol and sector guides have been developed through a collaborative process with many organizations contributing people, time experience and skills.
Piloting: Engaged over 50 businesses to pilot and review the Protocol, sharing experience with each other, and to feed back into the editing process.
Consultation: The public consultation gave other stakeholders the opportunity to take part in the development and respond to the initial draft through a series of engagement activities. A summary report of the consultation process can be found here.
Leveraging existing work
The Protocol builds on a number of approaches that already exist to help business measure and value natural capital, including the Corporate Ecosystem Services Review (WRI, WBCSD and the Meridian Institute. 2012.), and the Guide to Corporate Ecosystem Valuation (WBCSD, IUCN, ERM, and PwC. 2011).
Following on from the Natural Capital Coalition’s publications Towards a Harmonised Protocol and Taking Stock we actively sought submissions of publically available and proprietary methodologies to be leveraged in the development of the Protocol. A Methodology Review Panel objectively reviewed voluntary submissions of proprietary methodologies. Through applying a set of a priority criteria, the Panel recommended several proprietary methodologies be considered whilst we develop the Protocol.
A list of all the publicly available methodologies received can be found here.
To guide the development of the Protocol a steering group was established. They met monthly to review progress and reported regularly to the Coalition board. On the steering group were:
Richard Fleck Chairman Consultant, Herbert Smith Freehills
Rosemary Bissett Head of Sustainability Governance & Risk, National Australia Bank
Helen Dunn Senior Economic Advisor, formerly UK DEFRA
Michelle Lapinski President, SustainBiz
Ivo Mulder Programme Officer, United Nations Environment Programme
Elizabeth White Chief Strategist Sustainability, IFC
Heather Wright Program Officer, Gordon and Betty Moore Foundation
Development of the Natural Capital Protocol Project has been made possible with generous funding from Gordon and Betty Moore Foundation; IFC with the support of the Swiss State Secretariat for Economic Affairs (SECO) and the Ministry of Foreign Affairs of the Government of Netherlands; The Rockefeller Foundation; United Nations Environment Programme (UNEP); and UK Department for the Environment, Food and Rural Affairs (DEFRA). The Coalition is hosted by ICAEW.