History, Vision & Mission
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.
A world that conserves and enhance natural capital
• To harmonize approaches to natural capital, getting solutions to scale quickly.
• To promote a shift in behaviour that enhances rather than depletes natural capital.
• To support the evolution of an enabling environment that both aids natural capital thinking and integrates it into other initiatives.
Our theory of change
No individual organization will solve the enormous problems we face by itself, and it is only by working together that we will find the solutions we need.
The Coalition is made up of organizations from research, science, academia, business, advisory, membership, accountancy, reporting, standard setting, finance, investment, policy, government, conservation and civil society. These organizations 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 achieved together than alone.
On November 6th 2012 international leaders from business, government and non-governmental organizations gathered in Singapore to celebrate the official launch of the TEEB The Economics of Ecosystems and Biodiversity for Business Coalition Headquarters. The ceremony took place as part of the Responsible Business Forum on Sustainable Development.
The TEEB for Business Coalition was formed following this launch as a mechanism to take action and achieve tangible outcomes. It was setup to bring together work being undertaken by business in relation to natural capital, to engage key stakeholders from business, government and civil society for open source collaboration in order to raise awareness and provide a leading edge forum to shape the future of business thinking and action on natural capital.
TEEB for Business evolved to become the Natural Capital Coalition in 2014, as it had become clear that it was not just business, but the entire system that needs to come together, in order to tackle these issues and mainstream natural capital thinking.
The evolution of the Natural Capital Coalition has been supported by many organizations, and this continues to grow.
The founding organizations were ICAEW, Conservation International, Chartered Institute of Management Accountants, Corporate EcoForum, TEEB, FMO, Global Initiatives, Global Reporting Initiative, IFAC, IUCN, Accounting for Sustainability, The World Bank, WBCSD and WWF.
The Development of the Protocol, associated guidance and tools, and the subsequent evolution of the Natural Capital Coalition was supported by Gordon and Betty Moore Foundation; IFC with the support of the Swiss State Secretariat for Economic Affairs (SECO) and the Ministry of Foreign Affairs of the Government of the Netherlands; The Rockefeller Foundation; United Nations Environment Programme (UNEP); and the UK Department for the Environment, Food and Rural Affairs (DEFRA). We are thankful to all of them and to the other foundations, governments and private sector actors who continue to support the Coalition in its ongoing work.
We are also indebted to ICAEW for not only being one of the original founders but for continuing to provide such important support as signatory and host for the Coalition.