This article was originally published on Climate-KIC.
“On 9 December 2016 the Council of the European Union officially recognised that Natural Capital Accounting, manifested in the Natural Capital Protocol, as an important tool for maintaining biodiversity. This is a step towards reaching the Sustainable Development Goals (SDGs).
The Natural Capital Protocol is a framework designed to help generate trusted, credible, and actionable information for business managers to make informed decisions. The Protocol aims to support better decision making by including how we interact with nature, or more specifically natural capital.
While the practice of natural capital accounting (NCA) has been debated for years, the recent recognition shows that the topic is now reaching the strategy tables of the frontrunners within sustainable and responsible businesses.
This was evident at Climate-KIC Nordic’s recent seminar on NCA on 21 November in collaboration with partner organisation COWI. The seminar explored the viability of employing NCA as a tool to account for natural assets in strategic decision making…”
Read on at: Climate-KIC.