Corporate natural capital accounting – understanding challenges and pursuing standardization opportunities
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Geneva, Switzerland, 27 March
2021: Today, the World Business Council for Sustainable Development (WBCSD), in collaboration with Valuing Nature, launches the Corporate natural capital accounting - from building blocks to a path for standardization report, as a contribution to the EU Life funded Transparent project.
To realize the ambition of a sustainable financial system and economy that allows for 9+ billion people living well, within planetary boundaries, by mid-century, we must understand how business impacts and depends upon nature, valuing natural capital in our decision-making. This report provides an overview of corporate natural capital accounting resources and applications, identifying best practices, challenges and standardization opportunities.