CIMA Academic Report — Natural Capital Accounting: Revisiting the Elephant in the Boardroom
This report examines the practices, experiences, and challenges of a government forestry agency using Natural Capital Accounting (NCA) tools.
Natural Capital Accounting: Revisiting the Elephant in the Boardroom.110
The Economics of Biodiversity: the Dasgupta Review
Commissioned by the UK HM Treasury, The Economics of Biodiversity: the Dasgupta Review was published in February 2021. Led by Professor Sir Partha Dasgupta, the report calls for changes in the way we think, act, and measure economic success. By doing this and measuring economic success differently it will enhance and protect the nature world.
The Natural Capital Protocol
The Natural Capital protocol is a decision-making framework, ‘to identify, measure and value direct and indirect impacts (positive and negative) and/or dependencies on natural capital’.111 Owned by the Capitals Coalition, the protocol was released in 2016.
Science-Based Targets (SBTs) for nature
Guidance from the Science Based Targets Network emphasises the need for time scales to what it means to be nature positive, ‘a nature-positive world requires no net loss of nature from 2020, a net positive state of nature by 2030, and full recovery of nature by 2050.’112
The Taskforce on Nature-related Financial Disclosure (TNFD) draft framework
The Taskforce on Nature-related Financial Disclosure (TNFD) plans to release a framework, in November 2023, allows organisations to build, ‘nature-related risks and opportunities into their strategic planning, risk management and asset allocation decisions.’ A second beta version of the TNFD framework was released in June 2022.113
