“Businesses today are inundated with dozens of different approaches to thinking about natural capital – that is, natural resources such as air, water, solar, soil, plants and minerals that benefit people.
In response, the Natural Capital Coalition has developed a standardised framework to provide companies with a single guide to make sense of natural capital and put a dollar value to it, shared Richard Spencer, head of sustainability at the Institute of Chartered Accountants in England and Wales (ICAEW), at a seminar in Singapore on July 2016.
It published the global standardised framework – Natural Capital Protocol, in mid July, in the United Kingdom.
The Coalition – headquartered in London and funded by The Gordon and Betty Moore Foundation and International Finance Corporation (IFC), World Bank Group – brings together organisations such as businesses, environmental groups and government agencies to harmonise approaches to natural capital…”
Read on at: Eco-Business