More than 40 of the world's biggest companies included Coca-Cola, Dow Chemical Company Hugo Boss, Kering and Nestlé were allowed access to an initial draft of the Protocol

The Natural Capital Protocol has been launched today (13 July) to offer businesses a standardised framework to identify, measure, and value impacts and dependencies on natural assets, raw materials and natural infrastructure. 

“The Natural Capital Protocol has been launched today (13 July) to offer businesses a standardised framework to identify, measure, and value impacts and dependencies on natural assets, raw materials and natural infrastructure.

The multi-stakeholder collaboration led by the Natural Capital Coalition will support companies in their decision-making and can be used for a range of applications, including risk management, exploring new revenue streams, improving products and value chain innovation, as well as preparing for future reporting and disclosure.

Applicable to any business sector, the initiative will be focused at a business decision-making level and can be implemented across boundaries, complementing existing approaches that organisations use to evaluate risks and opportunities, and engage with stakeholders.

As one of the partners of the Natural Capital Coalition, WWF said it looked forward to seeing wide-scale uptake and implementation of the Protocol. “The launch of the Natural Capital Protocol heralds a new era in the way that we maintain and enhance our planet’s environment,” said WWF chief adviser on economics and development Karen Ellis.

“The Protocol can help to secure more sustainable patterns of growth in the global economy, and help to chart a much clearer course towards a resource-efficient, low carbon future…”

Read on at: edie.net