Natural Capital Assessment and Accountancy
Measuring Performance
Natural Capital Assessment and Accountancy
- Natural Capital is the stocks of renewable and non-renewable natural resources that, combined, represent a flow of benefits for society.
- Ecosystem Services are those goods and services obtained from Natural Capital that contribute directly or indirectly to the welfare of society.
- Natural Capital and Economic Activities are interlinked:
- Economic activities are dependent on natural capital (droughts or natural disasters linked to climate change)
- Economic activities modify natural capital through impacts (climate change or loss of biodiversity).
- 2007 World Valuation: $ 125 trillion per year in Ecosystem Services (World GDP was $ 75 trillion).
- More than 50% of the world’s GDP is moderately or highly dependent on natural capital and ecosystem services.
- Analyzing dependencies and impacts on Natural Capital helps to identify and assess risks and opportunities that translate into the income statement and balance sheet.
- Triple Sustainability performs the Natural Capital Assessment through the application of the first 8 steps of the Natural Capital Coalition methodology. Step 9 (Take actions) corresponds to the entity.
- Triple Sustainability accounts for the balance sheet and profit and loss account of Natural Capital following the criteria of the British Standard Institute: BS 8632: Natural Capital Accounting for Organizations.
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