However, they also stated that these goals are not easy tasks to achieve, debating that when accounting for natural capital, the focus is often on ecosystem services and the challenges associated with their valuation, but the valuation of biodiversity has proved even more challenging.
Given these scenarios, it is, therefore, timely to have a bold discussion to concretely address challenges and define the next steps to further embed natural capital and social considerations in business decision making.
This was precisely the aim of the new edition of ACCA’s President’s Debate for 2017, called ‘Accounting for Public Goods: the Social and Natural Capital Imperatives’. It brought together policymakers, investors, land managers, businesses, natural capital specialists and accountancy professionals to discuss how accounting can help integrate the values and services of nature into economic decision making, and how can it support businesses to make more sustainable choices…”
Read on at: ACCA.