The ‘Natural Capital Protocol Toolkit’ project aims to complement, and facilitate business uptake of, the Natural Capital Protocol and sector guides by consolidating the wealth of tools, methodologies and approaches available for natural capital measurement and valuation.
It will place existing tools under the umbrella of the Protocol’s international, standardized framework, and link them into a generally accepted process for conducting a natural capital assessment. The Toolkit will be constantly updated, to ensure it stays representative of the fast growing number of tools available.
The Toolkit will provide additional value to businesses working at all levels of natural capital measurement and valuation.
- For many businesses the Protocol will be a first introduction to natural capital measurement and valuation, and who therefore would welcome an initial mapping exercise of the tools available as they embark upon the process.
- Other businesses may have already experimented with some of the tools available, and wish to see how and where these could fit into a Natural Capital Protocol assessment.
- Some businesses may also find that the Protocol has highlighted new areas and scopes of natural capital that they had not previously investigated, and therefore are unfamiliar with the relevant tools.
It will be a user friendly, accessible, online resource that becomes synonymous with Protocol implementation.
We plan for launch in Q2/Q3 2017, with a consultation period running over winter 2016/7.
Further information about this project can be found here.
WBCSD will provide funding and resources for the Toolkit project, as part of its Redefining Value program.
The Toolkit will be a collaborative and inclusive project that leverages as much existing work and experience as possible. The Natural Capital Coalition is a Strategic Partner in the project, and will offer guidance, resources and promotion to the Toolkit development.
The project is supported by an Advisory Group. This group is open to businesses, developers of publically available tools, academia, consultancies and others, and serves as a sounding board on drafts and process. This is an open group based on individual interest; please let us know if you might be interested and would like further information.
Hannah Pitts, Redefining Value – Natural Capital, WBCSD
email@example.com / +41 22 839 31 55