The Natural Capital Coalition is a unique global multi-stakeholder collaboration that brings together leading global initiatives and organizations to harmonize approaches to natural capital. The Coalition is made up of almost 250 leading organisations who have united under a common vision of a world where business conserves and enhances natural capital. The Coalition’s strength comes from this diversity, and from a shared belief that more can be achieved together than alone.
Find out more about joining the Coalition here.
3Keel is already working on a number of natural capital and ecosystem services projects, including providing practical ‘on-the-ground’ support to help decision-makers. Our widespread engagement with clients in both the private and public sectors presents opportunity for the 3Keel team to raise awareness of the NCC, and to test the Coalition’s methods and approach with different client teams.
Within our business we have technical specialists including foresters, ecologists and agricultural advisors, and we hope to contribute these skills in supporting the implementation of the NCC’s objectives.
3Keel is developing a network of UK businesses that wish to develop ‘landscape’ partnerships. We envisage this forum could be useful for sharing NCC approaches, and would welcome discussions over how best to do so.
Abbaty JSC is a Bulgarian software company experienced in the development and deployment of complex software solutions in the public and private sectors.
Several of our projects are environmentally oriented, with the Ministry of Environment and Water of Bulgaria being the Contracting Authority. We are very interested in the development of software expert systems and solutions relation to the valuation of ecosystem services and natural capital. We believe that our experience and expertise in the field of IT technologies will contribute to the Coalition’s mission of enabling a shift towards a world where business measures and values natural capital.
- Apply the principles of the Natural Capital Protocol in our software system development.
- Provide access to reliable data for the valuation of ecosystem services through the use of IT technologies.
- Help organizations to incorporate natural capital into business decisions and corporate strategy.
Arcadis improves the quality of life for all generations by maximizing social, economic and environmental value through the work we do with our clients, the way we operate our business and the engagement of our people in activities that enhance society. With a strong collaboration ethos we are active contributors to the WBCSD, the WEF, UN Habitat through our join Shelter initiative and the Rockefeller Foundation 100 Resilient Cities. We work with ‘Water for People’ and ‘Engineers without Boarders’ among many others at national level. Our values, capabilities and track record align well with the aims of the NCC and we believe that its work will provide a clear path to improve the quality of life.
Cambridge Conservation Initiative
Conservation bodies & NGOs
The Natural Capital Protocol is a guide for businesses looking to better understand and manage their relationships with the environment using a natural capital framework. Increasingly accepted as the standard framework for companies looking to understand natural capital, the Protocol recognises the importance of biodiversity as an underlying component of natural capital, but also recognises the challenges in capturing the specific values of biodiversity. These challenges were underlined by the public consultation to the Protocol where concerns were raised that biodiversity and its relationship to natural capital was insufficiently covered, that not enough attention was given to non-financial values and that, ultimately, companies would struggle to manage or even recognise impacts and dependencies on biodiversity as a result. The pilot studies to the Protocol supported this. Although most stated the guidance was sufficient with respect to biodiversity, in practice the focus was on the more tangible relationships with water and carbon and none included impacts or dependencies on biodiversity as part of their assessment.
The Natural Capital Coalition recognises the need to strengthen the way the Protocol deals with biodiversity. It has therefore partnered with the Cambridge Conservation Initiative (CCI), a collaboration between the University of Cambridge and leading biodiversity-focused conservation organisations, to address this challenge. Working with the European Business and Biodiversity Platform and other partners, CCI will build a cohort of experts who can act as change agents to define, develop and ultimately deliver more robust, biodiversity-inclusive natural capital assessments.
The goal of the joint project is to improve the incorporation of biodiversity into natural capital assessments. To achieve this, five objectives have been identified:
1. To determine the extent of corporate activity on biodiversity within natural capital assessments, perceived limitations of current approaches and secure broad support for an initiative to address those limitations by identifying and engaging with key stakeholders.
2. To identify appropriate responses to better integrating biodiversity into corporate natural capital assessments, barriers to those responses and means of overcoming them by using stakeholder needs and concerns identified in objective 1.
3. To ensure better representation of biodiversity within the natural capital assessments by developing a set of guidance documents or approaches in response to the findings of objective 2. A supplement to the Protocol will be one option, but the final decision will depend upon the requirements of the end users.
4. To build the business case for, and ability of, key stakeholder groups to better integrate the value of nature into corporate natural capital assessments by testing the developed product(s) from objective 3.
5. To increase and improve the integration of biodiversity into corporate natural capital assessments by disseminating the product(s) developed and lessons learned in objective 4 to key stakeholders.
Cambridge Institute for Sustainability Leadership
Science & academia
The University of Cambridge Institute for Sustainability Leadership (CISL) managed the Protocol Pilot Programme which included over 50 companies pilot testing the Natural Capital Protocol to ensure it is robust, practical and relevant for business. Working closely with the companies, CISL was able to collect feedback that informed the development of the Protocol. CISL is now leading the Pilot Application Programme which will focus upon the Protocol application and build an effective, cooperative group of businesses who are using it.
CISL empowers business and policy leaders to tackle critical global challenges. By bringing together multidisciplinary researchers with influential business and policy practitioners across the globe, it fosters an exchange of ideas across traditional boundaries to generate new, solutions-oriented thinking.
Across complex and connected issues, CISL challenges, informs and supports leaders from business and policy to deliver change towards sustainability. Rewiring the Economy is CISL’s ten-year plan to lay the foundations for a sustainable economy. The plan is built on ten interdependent tasks, delivered by government, finance and business co-operatively over the next decade to create an economy that encourages sustainable business practices and delivers positive outcomes for people and societies.
One of CISL’s Platforms, the Natural Capital Leaders Platform has been working with over 100 companies wishing to understand and manage their impacts and dependencies on natural resources and ecosystems. The Platform aims to help progressive companies develop practical approaches for businesses to value, measure and manage their opportunities from, and impacts on, natural capital.
Climate Disclosure Standards Board
Standard setters & disclosure
The CDSB Framework for reporting environmental information & natural capital is an externally focussed tool to help companies provide clear, concise and consistent information to investors, by considering the characteristics and requirements of the information they present, and connecting an organisation’s environmental performance to its overall strategy, performance and prospects. The Framework does not cover operational decision-making, internal processes, or offer guidance on management’s actions; it is a tool to help companies report on these.
By helping business measure and value their impacts and dependencies, providing rigorous, reliable, context specific information, the Natural Capital Protocol and the CDSB Framework support and enhance opportunities for business to report decision-useful, actionable information to capital markets. These actions can improve decision making to foster more resilient capital markets, realise sustainable development goals and promote the sustainable use of natural capital.
Conservation bodies & NGOs
CTCI Foundation, established in 1959, is a nonprofit & nongovernmental organization in Taiwan. For years, we have committed ourselves to the research and development of energy and environmental technology for Taiwan. We admire the honorable works of Natural Capital Coalition, and are looking forward to joining the community of natural capital.
We think we can contribute:
(1) To donate USD 1,000 to support the work of the Coalition.
(2) To Invite more organizations/companies in Taiwan to join Natural Capital Coalition, such as CTCI Group (http://www.ctci.com.tw/), National Taipei University of Technology and so on.
(3) To host several forums of Natural Capital relative subjects in Taiwan.
(4) Under your authorization, we can provide “pro bono” service in the Chinese translation of “Natural Capital Protocol” to introduce your idea to the organizations/companies in the Greater Chinese Area.
For your information, CTCI Foundation also helped the Chinese translation of Lettenmeier et al. (2009)’s research paper, “Resource productivity in 7 steps: How to develop eco-innovative products and services and improve their material footprint”, Wuppertal Spezial, Wuppertal Institut für Klima, Umwelt und Energie, No. 41, ISBN 978-3-929944-80-8.
1. Original paper: https://www.econstor.eu/bitstream/10419/59292/1/716261502.pdf
2. Chinese Translation: http://www.ctci.org.tw/public/Attachment/222217940870.pdf
Cumulus Consultants is a specialist rural consultancy with over 25 years experience in providing advice and analysis to clients in the land and environment sectors. We have a comprehensive knowledge and understanding of the rural economy and rural policy, and a strong track record of successful work with our clients including government bodies, NGOs, businesses, estates and farms. Our services include research, economic analysis, strategy/policy development and operational advice. Our areas of expertise include agriculture, agri-food, agri-environment, forestry, ecosystem services and rural development.
From the beginning, stewardship of the countryside and an integrated approach to achieve economic, environmental and social outcomes has been at the heart of our business; we are therefore committed to the vision and values of the Natural Capital Coalition. We have worked with clients across the UK to understand how economic growth in particular industry sectors impacts ecosystem services. We believe that the Natural Capital Protocol provides a universal framework and language that reinforces, compliments and enhances our work. We intent to use our specialist knowledge, expertise and wide networks to support the Coalition’s mission.
We would like to explore how the Protocol can inform the decisions of land-based business and other organizations in the in the UK’s rural economy. This would include building on the Protocol’s Food and Beverage sector guide. For instance, farming is already heavily influenced by regulation, incentive schemes and assurance protocols; we believe that we could help the Protocol to find its place within this complex framework.
DeTao Institute of Green Investment
The DeTao Institute of Green Investment (IGI) is a civil-society think tank, established by DeTao and dozens of top environmental-economic experts in February, 2014.
Its goal is to bring together global experts for collaborative innovation that explores economic theory, methodologies, and tools for supporting sustainable environmental management and ecological civilization, especially in China.
IGI has 40 international experts, including Robert Costanza, Hunter Lovins, Robert Eccles, J. Alexander Schmidt, Dajian Zhu (Distinguished Professor and PhD Advisor, the Director of the Department of Public Management of Tongjing University), and Xiaofeng He (Professor and Doctoral Adviser of the Finance Department of School of Economics in Peking University, Economist, Investment Banking Expert).
IGI’s mission is to apply market mechanisms into sustainable environmental management, letting markets play a helpful role in resource allocation, building an economic model and new economic system which is financially viable yet ecologically sustainable, and developing a synergistic growth model for natural capital and economic development.
We will keep our information current with you and share thoughts regarding our natural capital practices in China. As we have been doing city-scale natural capital balance sheets, we would be delighted to feature updates on our forthcoming Urban Natural Capital Management Tool on the Natural Capital Hub or Coalition newsletter to share our experience where relevant.
Dow has already been an active contributor to the development of the Natural Capital Protocol (NCP) through active participation on the Technical Group of the WBCSD-led coalition developing the draft of the NCP. Dow will also be engaged as a pilot test of the protocol this year under the direction of the IUCN-led coalition. Dow’s recently launched 2025 Sustainability Goals commit Dow to delivering $1 billion in value through projects that are good for business and good for ecosystems, and to screen all R&D, capital and real estate project at Dow for ecosystem services impacts and dependencies. We plan to use the NCP in these processes and analyses.
The Earth Genome
Science & academia
At Earth Genome, our vision is for the world’s key decision makers to consistently and routinely take into account the full value of nature and the consequences of their activities on natural systems, thereby averting economic and social disruptions due to the mismanagement of natural capital and environmental risk.
We will deliver our vision by creating a platform to enable easy-to-use, inexpensive, scientifically credible, continuously updated global information on natural resources, coupled with the creation of powerful and relevant decision-support tools. The platform and tools will exponentially lower the cost and time to analyze data and translate it into insights that decision makers can use. We are working with companies and governments to provide an assessment of place-based and temporal science of natural resource challenges ranging from securing water supply to increasing agricultural yield while improving environmental or social conditions. Our tools help businesses and governments evaluate interventions on an effectiveness and financial basis, to facilitate investment and guide the development of science and context-based goals.
We hope that our work to increase the availability and usefulness of data for decision-making will support the Coalition’s work to integrate natural capital into business decision-making and evolution of an enabling policy environment. We believe that business needs better science-based decision making tools to support the fourth point of the Coalition’s Mission: “ support a shift in corporate behavior to enhance rather than deplete natural capital,” and directly support the fifth: “to advance access to reliable data.”
eftec shares the mission and values of the NCC and wishes to contribute to the organisation’s development, in particular to its technical knowledge base. We have been at the forefront on recent developments in natural capital tools in the UK: we have led work for the Natural Capital Committee on a corporate accounting method, on a risk register for assets in England, and on prioritising investments to protect and improve natural capital.
We have extensive expertise in the environmental economics methods that underpin these tools: undertaking primary studies to value environmental goods and services; applying and interpreting their results, including through value transfer and cost-benefit analysis; and training users of these methods. In June 2016 we announced our first Natural Capital Protocol training course, and are planning to provide further training in the near future – please contact eftec for details.
We wish to support the development of business practices and public policies to manage natural capital sustainably. We aim to do this through increased use of natural capital tools, which can help people to recognise the capacity of the environment to produce goods and services for people, and as a result to better understand the implications of environment change.
Based on the NCP framework, we will launch a practical tool for True Cost Accounting in the Financial-, Food- and Farming sector (TCA-FFF). In particular, the NCP “Measure and Value” stage will be developed with metrics specific to economic, environmental and social performance of SMEs engaged in finance, food and/or farming. The ultimate objective of the TCA-FFF tool is to overcome perverse incentives in small and medium size food supply chains, in support of ethical enterprises and green financing.
An SME-led TCA-FFF Dashboard to measure and monetize impacts on planet and people. The Dashboard will be based on the Sustainability Flower template developed by the International Association and Partnership for Ecology and Trade which already considers impact assessment of operations on people and planet. KPIs will be designed for the joint purpose of investors, banks, financial auditors, and small and medium-size enterprises in the food- and farming sector.
Key Performance Indicators will be identified for monetizing economic, environmental and social performance, based on international and business-agreed frameworks and methodologies, such as FAO’ Sustainability Assessment for Food and Agriculture systems (SAFA) Guidelines, Natural Capital Coalition, TEEBAgFood and WBCSD. These frameworks will also guide methodological steps, such as the definition of boundaries according to spheres of influence, participatory definition of sector-relevant materialities, relevance and pragmatism following the 20/80 rule, etc.
Following the identification and development of KPIs (especially the social wellbeing KPIs), and selection of key measurement methods, the FCA-FFF Dashboard will be applied by: (i) determining measures for monitoring sustainability performance; (ii) implementing data gathering for KPIs; and (iii) reporting on true costs, according to clients’ reporting aims.
We provide the CSR / Shared Value consulting services in Japan to various Japanese companies towards a sustainable society. As we already recognize the importance of natural capital, we think that internalizing the natural capital value into the company’s management becomes more and more critical for the future environment.
We wish to promote the concept and methodologies of the natural capital protocol to our clients in order to have them consider more deeply the relationship between the natural capital and the business, and take it into account in their core business fields.
There are some approaches such as a stakeholder mapping or a life cycle analysis which our clients have already done in the other frameworks. We may be able to advise our clients to integrate the Natural Capital Protocol into their experienced approaches. We wish their decisions will base on the information including the natural capital.
In additions, we may be able to contribute to your activity by asking our clients to join the Natural Capital Coalition.
EY has been a strategic supporter of the Coalition since its launch as the TEEB for Business Coalition in December 2011. During the past two years EY has played an especially significant role in the development, drafting and pilot testing of the Natural Capital Protocol and has been central to the Coalition’s business engagement programme.
In particular, EY led the Business Engagement Partner (BEP) process, when our team interviewed more than eighty international companies to gauge their interest in and aspirations for the Protocol and issued a report on behalf of the Coalition summarizing the market’s expectations and views. This report played a critical role in ensuring the Protocol was fit-for-purpose and would address the needs of the international business community.
We also made a significant contribution to the Coalition’s mission by providing strategic guidance, input and feedback on different versions of the Protocol, drawing on insights from the BEP process. Over the past few months we have been actively guiding and supporting the Coalition’s business engagement activities leading up to and following the release of the Protocol in July 2016. We are currently supporting the Coalition by hosting a series of round tables to discuss the benefits from applying the Protocol across different industry sector value chains.
We expect to remain an active partner to the Coalition as it further refines the Protocol and engages with businesses in their adoption and application of it. We would anticipate that EY will continue to be a critical conduit for relaying back to the Coalition the business priorities and expectations of the international business community for the Protocol.
F. Hoffmann-La Roche
Christopher Earl was a member of the Technical Group during the writing of the Natural Capital Protocol. Since the successful launch of the Protocol Christopher in now contributing to the Protocol Toolkit by being a member of the Advisory Group.