3sustainability

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.
SERVICES