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Developing corporate natural capital accounts - NR0162

Description
The aim of the project is to procure accounting and ecological expertise to help with the development and piloting of a framework for corporate natural capital accounting which will help organisations to take better account of the natural capital they own or are responsible for.
One of the Natural Capital Committee’s terms of reference is “to advise the Government on how it should prioritise action to protect and improve natural capital, so that public and private activity is focused where it will have greatest impact on improving wellbeing in our society”. This project is designed to help inform the Committee’s advice to Government on how to focus private activity to improve wellbeing.
The outputs of this project will be a general corporate natural capital accounting framework and accompanying guidance of how to implement it, which will be put in the public domain for wider take up by organisations and will also inform the Committee’s third State of Natural Capital report (its main form of advice to Government) due to be published in early 2015.
Objective
To work with a small group of businesses and landowners to implement and refine the approach to NCA. The product will be a series of case studies which will hopefully allow a more generic and transferable template for corporate natural capital accounting to be developed.
Project Documents
• FRP - Final Report : eftec Biodiversity in the macroeconomy final report 230514   (1017k)
Time-Scale and Cost
From: 2013

To: 2015

Cost: £163,390
Contractor / Funded Organisations
Economics For The Environment Consultancy Ltd (EFTEC)
Keywords
Natural Environment - Ecosystem services