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Entries in natural capital (2)

Tuesday
Jan272015

The State of Natural Capital -- Natural Capital Committee's third annual report 

As we noted earlier this year, The Natural Capital Committee is an independent advisory body set up to advise the government on sustainable use of England's forests, rivers, atmosphere, land, wildlife, oceans, and other natural resources. Colin Mayer from Oxford University's Said Business School, who is leading our mutuality partnership there, is a committee member.

The NCC has released it's third annual report on the State of Natural Capital, which you can read in its entirety here. This year the report "recommends that the Government, working closely with the private sector and NGOs, should develop a comprehensive strategy to protect and improve natural capital. The report presents a series of potential environmental investments that offer good economic returns as well as a new framework for organisations to take account of natural capital."

-- Jay Jakub

Wednesday
Dec172014

Accounting for natural capital

Colin Mayer from Oxford University's Said Business School, who is leading our mutuality partnership there, has written a working paper for the Natural Captial Committee. The paper outlines the NCC's innovative new Corporate Natural Capital Accounting framework that is designed to enable organisations to properly account for the natural capital they own, for which they are responsible or on which they are dependent.

We like that the NCC is moving beyond theory to test the framework:

Having developed the framework, the NCC evaluated the methodology by piloting it with the National Trust, The Crown Estate, United Utilities and Lafarge Tarmac....Undertaking the pilots and responding to comments from various stakeholders, the NCC has been able to produce a generic account and a set of guidelines which other organisations should be able to use in undertaking their own CNCA.

The NCC is and independent advisory body set up to advise the government on sustainable use of England's forests, rivers, atmosphere, land, wildlife, oceans, and other natural resources.  You can read the full working paper following the link above.

-- Jay Jakub