The Natural Capital Coalition is an international collaboration that unites leading initiatives and organizations under a common vision of a world that conserves and enhances the natural capital.
The Coalition is made up of almost 300 organizations (and engages many thousands more) which together represent all parts of society. These organizations fall into seven broad stakeholder groups or ‘worlds’: business, finance, conservation and civil society, government and policy, science and academia, standard setters & disclosure and membership organizations.
Coalition organizations share a common belief that we can do more together than we can alone, and an understanding that it is only by bringing the many different parts of the system together as part of a purpose-led conversation that we can we affect real change. The Coalition’s strength comes from this belief, and from the diversity it brings.
Find out more about joining the Coalition here.
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.
Eneco Group is a group of companies operating in the field of sustainable energy and innovation. Together with our customers, partners and our 3,500 employees we strive to achieve our mission: ‘Everyone’s sustainable energy’. Eneco Group invests in wind and solar farms, biomass plants and green district heating with the aim to increase the share of sustainable energy. Furthermore, we develop innovative products and services that enable our customers to be in charge of how they generate, store, use or share energy.
Eneco Group is already actively integrating natural capital within several projects. We namely aim to operate within the boundaries of the planet, as is determined in our One Planet Plan. Concerning natural capital, biodiversity has an important share in our One Planet Plan, because we acknowledge that ecosystems are currently being depleted and more nature is lost than is added. Therefore our ambition is to realize ‘No Net Loss’ of biodiversity or to even create a positive impact.
Our current projects regarding natural capital comprise the evaluation of impact on biodiversity and how to mitigate and compensate the impacts. Herewith we apply the Natural Capital Protocol as guidance for defining scope and measuring impacts.
We hope to contribute to the coalition by sharing our experiences, insights and skills we developed along the way. We believe the integration of natural capital in the energy sector is at its beginning and we are proud to take a leader position here, since we see the necessity to induce a transition towards the integration of 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.
European Investment Bank (EIB)
The European Investment Bank (EIB) applies stringent environmental and social standards, including on the protection of biodiversity and ecosystems, in the operations it finances, and requires all its projects promoters to comply with them. The EIB also includes, wherever quantifiable, environmental externalities, in its economic appraisal of projects. The Bank is also looking into the development of different accounting approaches based on credible methodologies, metrics and data sets with regard to natural capital aspects. Attention is requires in order to integrate a consistent approach across the Bank’s portfolio, as well as to strengthen innovative financing instruments such as the Natural Capital Financing Facility.
By joining the Natural Capital Coalition (NCC), the EIB would like to contribute and be part of this community of practice with respect to protecting and valuing biodiversity and ecosystems. It is in our interest to promote increased coherence on metrics, accounting approaches as well as data sources used for valuation in order to systematically integrate their application in different sectors. In this context, the EIB will actively contribute to the annual NCC Collaboration Day. For example, the Bank would like to bring together practitioners and experts to discuss how to best integrate valuation of biodiversity aspects and ecosystem services into environmental-economic accounting and decision-making.
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.
Fauna & Flora International
Conservation bodies & NGOs
FFI works directly with private sector partners (corporates and financial institutions) to
support the integration of natural capital into decision making and management, with a
strong focus on biodiversity and ecosystem services. As part of the Cambridge
Conservation Initiative we have a statement of intent with the Coalition to develop a
biodiversity guidance for the Natural Capital Protocol.
FFI will contribute to the Coalitions’s mission more specifically by:
– Sharing knowledge and experience, and where possible relevant tools, on natural capital
valuation with the Coalition. We aims to share lessons learned in a transparent way,
disclosing challenges, limitations and opportunities to help build a community of practice
around natural capital valuation.
– Encouraging the use of the Protocol and sector guide, as well as provide technical
backstopping to our corporate partners to implement the Protocol, whenever relevant.
– Building the business case for integrating natural capital into decision making, and
enabling a shift in corporate behaviour through our work with corporates and financial
Ferrovial will actively participate and share its knowledge in order to preserve and enhance natural capital.
The company develops different project related to biodiversity, oriented both to evaluate and mitigate the impact on the natural spaces or ecosystems affected by our activity. Ferrovial works with several scientific institutions (CSIC, Universidad Rey Juan Carlos de Madrid, USAL) in the development of a methodology on a corporate scale to measure the company’s impact on Natural Capital and therefore on biodiversity. All this will be done with the framework of the tool called Corporate Ecosystem Assessment. The objective is to have a proven and replicable evaluation method for all of its activities, which can serve as a decision-making tool, incorporating the ‘no net loss’ criterion.
Ferrovial also participates in the Spanish Enterprise and Biodiversity Initiative, a public-private partnership project with the Biodiversity Foundation and the Spanish Ministry of Agriculture, Fisheries, Food and Environment. The company also collaborates with WWF, with whom they have developed the ‘Guide for Timber Procurement’. This includes references and different resources and tools with the intention of adapting to the changes taking place in the sector of legal trade that is responsible for forest resources.
With respect to the emerging ‘biodiversity markets’, Ferrovial has been deepening the exiting offsetting mechanisms. Ferrovial is also helping in the development of new legal frameworks in countries like Spain and the UK.
FIBS is the leading CR network in Finland. Today we have 300 members, most of which are large companies. Since 2014 we have been working with mainstreaming biodiversity in the business world with great results. We have done this mainly through our training program, where the focus has been on understanding how all environmental issues, biodiversity included, are interconnected and how a company should approach them as a whole.
When the Natural Capital Protocol was published last year we realized that it is exactly what we need to make our work more impactful and more attractive to Finnish companies. Integrating natural capital thinking to our earlier program has been a success, and the plan is to expand our services related to the subject in the future. We are happy to be the organization spreading natural capital thinking, and the use of the Natural Capital Protocol to the Finnish business world in the future. This will be one of our missions, and is how we will contribute to the Coalition’s mission as well.
We are eager to participate in international collaboration within natural capital, to learn from international forerunners and make Finnish and global businesses more sustainable with the help of the Protocol and as a part of the Coalition.
Floodline Consulting Ltd
Floodline Consulting is at the forefront of promoting sustainable residential and commercial developments in the UK. Having been recognised as one of the top civil engineering firms in the UK by the New Civil Engineer, Floodline is passionate about sustainable, low-carbon developments with a particular emphasis on water resources and the mitigation of flood risk. Flood risk is an ever-increasing threat but there are solutions that not only bring forward sustainable developments but can also deliver high quality and future proof buildings, as well as bringing flood alleviation to existing properties. Floodline’s approach is to promote the benefits of creating developments which complement the environment and local resources, adapting human behaviour rather than trying to make the environment adapt to human activity. Developments need not have a negative impact on the environment or natural resources if a holistic approach is taken, from the design of a scheme right through to the supply chain and delivery. Key aspects of Floodline’s work is to reduce CO2 emissions, have forward thinking developments where residents feel a great connection with the local environment through reduced densities, accessible open spaces which encourage more interaction with the environment and its positive impact on health and recreation. Promoting environmental knowledge to everyone associated with a particular development scheme is paramount to Floodline’s vision, and this can include creating nature reserves, planting trees, interception of rainwater, conservation of energy and CO2 emissions.
Food and Agriculture Organisation of the United Nations
FAO prepared a materiality study entitled “Natural Capital Impacts and Agriculture: Supporting Better Decision Making” in order to inform the preparation of the NCP sector guide for Food and Beverages – to which FAO provides technical inputs.
Forética is Spain’s largest non-profit business network on corporate social responsibility and sustainability. Our network comprises over 150 major companies, from large publicly traded enterprises and multinationals to SMEs, academic institutions and NGOs. Our mission is to raise the standards for responsible and sustainable business practices. Our work includes advisory services to companies on all aspects related to responsible management (social, environment and governance issues).
Since 2014, Forética is the only Spanish representative of the World Business Council for Sustainable Development (WBCSD). Additionally, the organization is one of the strategic partners of the Spanish Business and Biodiversity Initiative lead by the Biodiversity Foundation of the Spanish Ministry of Agriculture, Fishery, Food and Environment.
Forética has been working on the link between business and natural capital/biodiversity for several years through the project “Responsible for biodiversity”. Our work has four different approaches:
• Making companies and organizations understand the business case underpinning natural capital, providing practical guides, tools and examples, so as to make them include this important aspect as part of their environmental and business plans.
• Research on different topics related to natural capital such as climate change, circular economy or agriculture, publishing reports or infographics on the link between these areas and biodiversity, of great interest for businesses.
• Training on capital natural and other environmental areas, such as climate change, to help CSR and environmental managers understand the importance of these topics in the context of sustainability.
• Giving visibility to companies that are working on this area, as good practices and examples that can inspire other companies, organizations and public institutions in our annual CSR event, CSR Spain.
Forum for the Future
Forum for the Future works to accelerate the big shift to a more sustainable future. Greater understanding of the true cost of business operations is central to achieving that mission. We work with leading corporates both individually and in groups to help them to identify where their biggest environmental impacts are and help them design ambitious strategies to mitigate them. To do that, companies need the right information and the Natural Capital Coalition can help to provide that. We are also working on projects such as the Net Positive project which will generate insights into how companies can measure their “net positive” contribution to natural capital which will be valuable to the discussions within the coalition.
Conservation bodies & NGOs
The Spanish Business and Biodiversity Initiative was launched by the Spanish Ministry of Agriculture, Food and Environment in 2013, and is run by Fundacion Biodiversidad. The Initiative provides a solid cooperation framework for large businesses, NGOs, associations and the Government aiming to sustain and improve Spain’s natural capital. For further details please click here.
The Spanish Business and Biodiversity Initiative:
- Helps to include biodiversity in business policy
- Helps to disseminate the commitment and advances of companies’ activities geared to biodiversity conservation.
- Supports and accompanies all companies wishing to invest in biodiversity preservation projects
- Supports the Spanish government in decision making
We could contribute to the Coalition’s mission by:
- sharing experience of our companies or government policies (studies and dissemination or best practice documents)
- participating in thematic groups, platforms, and other kinds of collaboration with initiatives from the Natural Capital Coalition
- dissemination best practices, case studies and relevant experiences and/or documents throughout the web
- giving visibility on our website to the Natural Capital Coaltion
Fundacion RIA (Rede de Innovacion Arousa)
Conservation bodies & NGOs
The Fundacion Rede de Innovacion Arousa (RIA) is a private, non-profit, cultural entity with national and international links. Its main objective is the analysis, debate, development, and promotion of ideas to support the development and protection of the local economy, as well as the architectural, urban, natural and cultural values of the Atlantic estuaries of Galicia. The Fundación RIA seeks to reconcile and strengthen the efforts of individuals and public or private institutions related to these areas, and, where appropriate, operate as an instrument for coordination of these institutions.
The strategic vision of the foundation considers the Ria de Arousa as a single territorial unit with a unique ecology, in which the people occupy a central role. The high quality of life is closely linked to nature and the sustainable use of the resources, what gives shape to a whole way of live that deserved protecting and fostering, while preserving its identity. This approach aims to blur the boundaries between different municipalities and economic sectors to form and integrated vision of the region, identifying problems and potential for development, as well as promoting coordinated strategies for the various stakeholders.
The Fundación RIA assumes the role of leading this innovative process, coordinating research and stimulating debate, drawing conclusions and designing recommendations and strategies. In order to do so, it is essential to bring together talents from the scientific and local communities, sectorial organisations, and administrations to work together towards planning a sustainable future.
The Fundación RIA shares the same vision and similar mission to the Natural Capital Coalition. We strongly believe that collaboration between stakeholders will help to enhance natural capital values. Therefore we are interested in sharing the learnings of our experience with the international community though the Coalition network, as well to learn from other experiences across the world.
Futurestation Advisors LLP
In India, an emerging economy with high GDP growth rate, rampant industrial growth efforts quite often compromise with the conservation of natural capital. This is more so in the small and medium sector, which accounts for a majority of the growing industry across all sectors.
To bring awareness about the natural resource conservation and how it impact the overall value of a business, it is important to build visibility and showcase the benefits of natural capital value to the business owners, the investors and the banks/financial institutions.
At present very few Indian companies know about natural capital valuation and even less number of companies tried to use the protocol. The need is to have more and more businesses using it so that they get the benefits and can give feedback to make the protocol more robust.
Being an advisory firm, our contribution to the coalition will be in terms of sacrificing the profit component from our tie cost through the following
1- Improving the visibility of the coalition and volunteering to support businesses in carrying out natural capital accounting/valuation at cost
2- Volunteering to participate in events of the coalition at cost
3- Volunteering to depute resources to work for the coalition at cost
Gaborone Declaration for Sustainability in Africa
The Gaborone Declaration for Sustainability in Africa (GDSA) is a trans-formative platform for achieving sustainable development in Africa. It was initiated as a regional, voluntary frame work in May 2012 and announced at Rio +20 by the Government of Botswana and nine other African countries to take action toward sustainability in three major areas:
1) Integrating the value of natural capital into national accounting and corporate planning and reporting processes, policies, and programs;
2) Building social capital and reducing poverty by transitioning agriculture, extractive industries, fisheries, and other natural capital uses to practices that promote sustainable employment, food security, sustainable energy and the protection of natural capital through protected areas and other mechanisms;
3) Building knowledge, data, capacity and policy networks to promote leadership and new models in the field of sustainable development, and to increase momentum for positive change.
The GDSA now includes 12 countries covering 6.2 million km2 and housing 306 million people and 15.3 metric tons of carbon stocks in living forest biomass. The GDSA Secretariat works to make progress on its vision by advising governments on their sustainability programming, building the mandate for sustainability, promoting learning through capacity building, lessons sharing across national boundaries, spreading the sustainability message online, and connecting implementation and policy actors.
GeoTrends Sustainability Consulting Pty Ltd
Conservation bodies & NGOs
Over the last 30 years the discourse on environmental problems has evolved from single issue
approaches to environmental management to multi-faceted approaches to
sustainable development. The older approach – a downstream react-and-cure afterthought
– is slowly being replaced by a newer approach – an upstream anticipate-and prevent
proactive approach. It involves integrated assessments of the social, economic
and environmental impacts of ‘development’ in decision making, and recognition that
capital comes in different forms, and that ‘natural capital’ requires its own emphasis.
GeoTrends Sustainability brings this focus to Far North Queensland, and wants to assist
decision makers in regional cities and natural resource management agencies on the
Great Barrier Reef, and Australia more generally, understand how to integrate and
mainstream ‘natural capital’ in social, economic and environmental decision making. To
be effective in decision making roles, managers and leaders need to appreciate that
fiduciary and other responsibilities now include many sustainability risk considerations,
notably carbon emissions and climate risks and how to management them within a
sustainability framework that emphases the protection and maintenance of natural
capital. GeoTrends Sustainability seeks to initiate or contribute to collaborative projects
on natural capital with interested parties concerned about the condition of the Great
Barrier Reef and other natural capital assets.