Natural Capital Accounting
The Natural Capital Accounting (NCA) workstream aims to develop a decision framework and set of principles to help companies determine what form of NCA to adopt, and identify the best practice guidance and tools available to support them. The approach will be piloted by volunteer companies.
NCA Workstream Lead: James Spurgeon, Sustain Value
News and updates
20 August 2014
A second follow-up workshop will be organised under the Natural Capital Accounting Workstream of the B@B Platform. It will take place on Monday, 22nd September at DG Environment in Brussels. The objective of the workshop is to test and discuss the new NCA tool developed under the platform. Full member companies will prepare to pilot the NCA tool during the workshop and other companies, who have already started implementing it, will share their views and experiences. Participants will also discuss the next steps and the potential activities for 2015 reflecting the discussions of the recent B@B Bureau meeting.
11 April 2013
On 28 April 2014, the European Commission hosted an interactive workshop with full members of the NCA workstream to develop a decision framework that can help companies determine what form of natural capital accounting they should adopt. Drawing on the experiences and approaches of workstream members, the workshop was highly interactive and structured to help define and categorise potential NCA approaches, and outline a decision-tree framework. All NCA members and observers was invited to comment on the draft framework developed at the end of May.
For the purposes of the project, the focus was on living natural capital (i.e. biodiversity and associated ecosystem services) rather than covering minerals and other environmental impacts (e.g. greenhouse gas and NOx emissions, waste and water). The definition of ‘accounting’ is to be used in its broadest sense, meaning ways that business can ‘take natural capital into account’ in their decision-making. This could range from simple use of indicators through to undertaking a full EP&L. The approach could be applied at a corporate, project, product or supply chain level.