Measuring the state of natural capital assets
Corporate Natural Capital Accounting involves identifying, measuring, recording, summarising and reporting changes in the state of the natural environment and the associated value to business and wider society. A new working paper prepared by eftec and partners shows how this can be applied by organisations, transforming their reporting of impacts and dependencies on nature.
With the Science Based Targets for nature (by the SBTN) and the Taskforce for Nature-related Financial Disclosures (TNFD) being developed, now is the time to take stock of how biophysical assets should be identified, measured, recorded, summarised, and reported.
Access the Time to Take Stock paper here.