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.
Department of Commerce United States of America
The U.S. Department of Commerce will contribute to the Natural Capital Coalition’s mission in three ways:
1. Serve on the Natural Capital Protocol advisory panel, providing expert guidance from the Federal perspective on protocol design and deployment.
2. Host a publicly available natural capital website for businesses and other stakeholders, with contextual information about natural capital and ecosystem services and links to excellent Federal and external resources. This website will link to the Natural Capital Coalition and related resources such as Natural Capital Business Hub.
3. Link the Coalition’s and its members’ activities, products, and services to a new audience. The Department of Commerce includes 12 diverse bureaus, and supports businesses of all types as it works to create the conditions for economic growth and opportunity. The Department’s points of contact to the Coalition will enable new connections across Coalition members and their stakeholders.
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.
DHI is a consulting and research organization specifically on water environments. We are an independent, private and not-for-profit organization. Using our global knowledge, our local teams develop tailor-made solutions and provide specialized services to solve specific water challenges in areas of aquaculture, agriculture, energy, coastal and marine waters, climate change, surface and groundwater, urban water, industry and the aquatic environment. Our products and services cover a broad spectrum: consulting, specialist advise, leading edge technologies, software tools, chemical and biological laboratory analysis, physical model test facilities, field surveys and monitoring programs. We are more than 1,300 people in 30 countries who are involved in consulting, policy issues, R&D and software sales and support. The clients we work with range from decision makers to water professionals: Public authorities and government organizations, industry sectors such as ports, water utilities, and energy, infrastructure and transportation companies, consulting engineers and contractors. We will contribute to the Coalitions mission by building strong business cases for the marine area looking at Natural Capital Accounting for which DHI, based on advanced modeling, can provide the quantitative environmental assessments as basis for the Natural Capital Accounting. We are on the forefront on providing services to clients who are entrusted in sustainable solutions and can therefore foster the coalitions mission to shift corporate behavior to enhance natural capital. We hold vast amounts of data that can be used in studies with coalition partners.
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.
Duraroot designs and helps execute strategies to manage, increase and preserve Natural Capital. Our experts have been world leaders in Natural Capital since the late 1990’s.
We deliver our clients Natural Capital data and information that is:
• Actionable and simple to understand
• Quantifiable – supporting suggested strategies with productive options
• Defendable – litigation tested tools and practices
• Accepted – peer reviewed and standardized, having gained broad stakeholder support
• Repeatable – capturing any appropriate scaling and gains that are achieved
Duraroot will share its expertise and project experience with other Natural Capital Coalition members as well as support continued collaboration to achieve greater conscientiousness around Natural Capital. We also seek to inspire continued balance between economic generation and environmental protection in the pursuit of expediting the preservation of our globe and securing our quality of life.
Conservation bodies & NGOs
We will support the Coalition’s mission by contributing to the development of the Natural Capital protocol. We firmly believe that setting standards in this field is necessary to make the full valuing of nature the norm. With over 15 years of experience in natural capital valuation and experience with clients from business to government, we bring valuable expertise that can help shape this protocol.
We will also seek to share our experience in applying natural capital valuations in the business sector. Last year, we worked with a mining company on incorporating natural capital analysis in their proposed copper mining site. We’ve also conducted several recreation industry analyses for various regions and states.
Finally, we value the opportunity to collaborate with other coalition members to help improve natural capital valuation and promote best practices. We have a proven track record of collaborative work with a range of organizations, and we are always seeking further opportunities for collaboration. We can also help in fundraising for joint project work with other coalition members.
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.”
One of Earthmind’s major initiatives is developing a new natural capital asset class. The Verified Conservation Area (VCA) Approach is recognising voluntary area-based conservation where we live and work. For more information, please visit: Conserve Areas
Specifically with respect to the NCC’s mission, we are keen to include best practice guidance on natural capital valuation in the VCA Toolkit; to integrate natural capital valuation into managing and investing in VCAs; to test the use a Natural Capital Protocol in registering, managing and investing in VCAs; to scale up recognition and support for VCAs to enhance natural capital globally; and to assist the policy environment (e.g. SDGs, CBD and Ramsar) to focus on conserving natural capital, hectare by hectare.
We also work on the application of biodiversity standards, notably IFC’s PS6, and are keen to explore the nexus between standards and valuation for conserving and enhancing natural capital.
Conservation bodies & NGOs
Earthwatch is an international NGO that empowers people to contribute to sustainability through scientific research, knowledge and action. We work with a range of companies developing scientifically robust research methodologies that inform sustainability policies and practices simultaneously engaging stakeholders – including employees. Our contribution to the coalitions mission is in raising awareness, building knowledge, and developing mechanisms through which companies can assess and measure the natural resources that affect their businesses and ultimately, can contribute to the SDG’s. We contribute to the NCC mission through supporting thought leadership and sharing expertise on conservation research, engaging employees and other stakeholders in scientific research relevant on natural resources, and building their capacities to lead on action and decisions contributing to natural resource conservation.
Ecomatters is a consultancy specialised in sustainability and chemical safety. We offer services based on life cycle thinking (LCT) and focus on sustainability throughout the value chain. We support organisations in developing their sustainability strategy and setting concrete sustainability goals. Furthermore, we perform quantitative analyses evaluating the social, economic and/or environmental aspects of services and products and assist in the preparation of product claims, (eco) labels and environmental product sheets.
As a specialist in the field on life cycle management, Ecomatters aims to bridge the gap between ‘life cycle thinking’ and ‘natural capital thinking’. To this end, we have sought to find a monetisation method applicable to the full spectrum of life cycle impacts of a company, product or activity as determined by means of Life Cycle Assessment (LCA). We believe to have found a suitable method in the EPS system.
We have supported AkzoNobel in the implementation natural capital assessment by means of EPS monetisation within the 4-Dimensional Profit & Loss (4D P&L) accounting project. Focused on the book value chain, the 4D P&L project has assessed natural capital in parallel with financial, social and human capital. The results of this projects demonstrated to support the identification of improvement opportunities and facilitate effective communication and decision making processes.
We have further written the implementation guide on “Natural capital assessment – environmental damage costing”, which we have shared with business community free of charge. Please visit www.ecomatters.nl to download a copy of this practical guidance.
EcoMetrix Solutions Group
EcoMetrix Solutions Group was founded specifically to help clients develop and implement the metrics needed to make better, more informed decisions. We will contribute to the Coalition’s mission by supporting the business case for integrating natural capital into decision making through the design, development and implementation of analysis tools for corporate managers, planners, and natural resource managers. We will support the effort to standardize and make more accessible methods for quantifying natural capital so that any individual or organization can engage in natural capital accounting.
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.
Enetjärn Natur is a leading provider of ecosystem valuation services, environmental impact assessments, biodiversity monitoring, biodiversity offsetting, habitat banking and natural capital accounting solutions to the public and private sectors in the Nordics.
The firm have had engagements with large companies, the European Commission, the Swedish government and the Nordic Council of Ministers. These engagements have mainly included strategic work, mapping and valuation of ecosystem services and cost-benefit analyses of projects affecting the environment.
In addition, the firm has held conferences and produced publications on biodiversity offsetting, restoration and habitat banking. The firm has contributed to initiating a governmental investigation for ecosystem services and biodiversity offsetting.
The firm has collaboration with leading global organisations providing natural capital and ecosystem valuation solutions, and with leading universities within ecology and environmental economics.
The firm is currently expanding its solution portfolio related to natural capital, and would like to align its work with the Natural Capital Protocol and support the work of the Natural Capital Coalition.
As the concept of natural capital is not yet well established in the Nordics, the firm’s ambition is to become the leading driver to both build knowledge and develop pragmatic approaches to account for natural capital.
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.
European Business & Biodiversity Platform
Conservation bodies & NGOs
The EU Business and Biodiversity (B@B) platform is an initiative by the European Commission to facilitate a greater engagement of private businesses to address the impact and dependencies of business on nature by accounting for the ecosystem services a business depends upon to operate and for the cost of direct and indirect impacts on the environment.
The platform shall work with business to further develop approaches such as guidelines, methodologies or tools (e.g. indicators or ecosystem-based approaches) that will promote the integration of biodiversity considerations into Business practice. In particular identifying, quantifying and/or valuing dependencies and impacts to inform business decision-making and reporting. The platform work shall support businesses in making better informed decisions — i.e. in terms of reducing business and ecological risks, higher efficiency using natural resources or ecosystem services.
Building on existing initiatives, the dedicated work stream Natural Capital Accounting of the platform has been considering methodologies establishing good practice principles in natural capital accounting in the private sector, with a particular focus on biodiversity and ecosystems. Key deliverables developed by the EL) Business and Biodiversity Platform so far include a business guide on how to select among 11 of the leading approaches on corporate Natural Capital Accounting (NCA). This is complemented by an overview comparing Natural Capital Accounting approaches.
Taking this work forward will require to develop closer synergies with the wider EL) and international work on natural capital accounting such as 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.