Consultation on Draft Natural Capital Protocol launched

11/23/2015

Consultation on Draft Natural Capital Protocol launched

Today offers the opportunity to see for the first time the draft Natural Capital Protocol and Sector Guides as they are launched for consultation at the World Forum on Natural Capital. The draft Protocol and Sector Guides have been developed by the Natural Capital Coalition as a standardized framework for business to measure and value its impacts and dependencies on natural capital and to help them integrate this into their decision making.

The Natural Capital Coalition is built upon the belief that through collaboration we will go further.

The consultation is therefore an essential part of the development process.  As well as engaging with the growing Coalition membership, which has doubled in the last six months and now stands at 168 organisations, the Coalition is establishing an expert review panel, to lead the consultation, build consensus and gain market momentum. The consultation compliments the existing business pilot program that is already underway and includes over 50 companies representing all geographies and many major sectors.

The consultation will run until the 26 February 2016 and will be followed by several months of further development prior to the launch of Version 1 in July 2016.

Mark Gough, Executive Director of the Natural Capital Coalition said;

'It is great to now be able to share the draft Protocol and Sector Guides after such an invigorating writing period with a wide range of people. We are looking forward to the extending the collaboration to our members and others interested in the improvements that are possible through an understanding of Natural Capital"

Eva Zabey, Director, Redefining Value - Natural Capital, WBCSD said;

"Companies should compete on performance, not on methodology. WBCSD and its partners are proud and excited to have developed this open-source draft Protocol, on behalf of the Coalition, which we anticipate will become the world's first standardized approach for business to measure and value their natural capital impacts and dependencies. It lays the critical foundations for, and will be instrumental in, driving business decision-making and higher sustainability performance around the world."

Richard Mattison, Chief Executive, Trucost said;

"We are excited to be part of the launch of the consultation via our work on the Sector Guides and with a number of companies piloting the Protocol.  The consultation period offers a great opportunity for companies and other stakeholders to understand how applications of the Protocol can drive better decision making. We are looking forward to continuing the collaboration." 

To learn more about the Consultation and take part visit www.naturalcapitalcoalition.org/consultation.

 

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NOTES TO EDITORS

Media Contact

Alison Jones (Relationship Manager, Natural Capital Coalition)

E: Alison.jones@naturalcapitalcoalition.org  – T: +44 (0) 7584 144559

 

About the Natural Capital Coalition

The Natural Capital Coalition brings together the different initiatives and organisations working in natural capital to collaborate on projects that will help to deliver a common vision of a world where business conserves and enhances natural capital. www.naturalcapitalcoalition.org

The Natural Capital Protocol is a product of the Natural Capital Coalition. The Natural Capital Coalition has brought together – through two consortia led by the World Business Council for Sustainable Development (WBCSD) and the International Union for Conservation of Nature (IUCN) – the world's leading institutions from business, accountancy, consultancy, financial institutions and NGOs to develop the Natural Capital Protocol, two sector guides on Food and Beverage and Apparel, and to engage business in the development and testing of the Protocol.

These institutions are: Accenture, ACTS, ARCADIS, The B Team, Carbon Disclosure Standards Board, University of Cambridge Institute for Sustainability Leadership, Conservation International, Deloitte, eCountability, eftec, ERM, EY, FAO, GIST Advisory, IERS, Imperial College London, Integrated Sustainability Services, Natural Capital Project, The Nature Conservancy, The Sustainable Fashion Academy, PwC, Sustain Value, Synergiz, Trucost, True Price, VitalMetrics, World Resources Institute and WWF.

Work on the Natural Capital Protocol Project has been made possible with generous funding from Gordon and Betty Moore Foundation; IFC with the support of the Swiss State Secretariat for Economic Affairs (SECO) and the Ministry of Foreign Affairs of the Government of Netherlands; The Rockefeller Foundation; United Nations Environment Programme (UNEP); and the UK Department for the Environment, Food and Rural Affairs (DEFRA). The Coalition is hosted by the Institute of Chartered Accountants in England and Wales (ICAEW).

www.naturalcapitalcoalition.org Follow us on Twitter: @NatCapCoalition#NatCapProtocol

 

About the World Forum on Natural Capital

The second World Forum on Natural Capital will take place in Edinburgh on 23-24 November 2015. Bringing together business leaders, government representatives and environmental experts from around the globe, the event will examine the most up-to-date developments in this rapidly evolving field, with a focus on managing risk and driving innovation. More information about natural capital can be found at: http://www.naturalcapitalforum.com/what-is-natural-capital

The inaugural World Forum on Natural Capital took place in Edinburgh in 2013 and was the first major global conference devoted to this topic of growing significance. The event brought together 500 business leaders, environmental experts and government representatives from 35 countries to help turn the debate on natural capital into action. Over 90 speakers led two days of stimulating and informative plenaries and breakout sessions, sharing insights and sparking new dialogues.

 

The partners in the 2015 World Forum on Natural Capital are: World Business Council for Sustainable Development  http://wbcsd.org; International Union for Conservation of Nature http://iucn.org; United Nations Environment Programme http://unep.org; Natural Capital Coalition http://www.naturalcapitalcoalition.org/ and The Wildlife Trusts http://wildlifetrusts.org.

The organiser of the World Forum on Natural Capital is the Scottish Wildlife Trust (http://scottishwildlifetrust.org.uk).

The World Forum on Natural Capital is sponsored by the following organisations: The Scottish Government; Alliance Trust; The Dutch Ministry of Economic Affairs; Platform BEE; Visit Scotland; Natural Capital Partners; Scottish Power; Scottish Natural Heritage; Earthwatch Institute; Convention Edinburgh; The World Bank; Baillie Gifford; Scottish Environment Protection Agency.

For media inquiries about the World Forum on Natural Capital please contact:

Patricia Rodi and Kate Forster at Stripe Communications:

0141 378 0082  or patricia.rodi@stripecommunications.com /kate.forster@stripecommunications.com