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World’s leading experts to work together to establish a harmonised way to measure and value nature in business

Natural Capital Coalition selects two global consortia to develop the Natural Capital Protocol

 



London, 8 July 2014 – The Natural Capital Coalition (NCC) is pleased to announce its selection of two consortia to develop what will be known as the Natural Capital Protocol. The Protocol will provide a methodology for businesses across the world to understand the impacts that they have and the extent to which they are dependent on the natural environment, its finite natural resources and functioning ecosystems. It will provide previously invisible, yet crucial, information for business decision-making and risk-management. Proponents of the Natural Capital Protocol see it as a major game-changer in building the business case for sustainability.

The work on the Protocol brings together the world’s leading institutions on this subject, in the form of two consortia from business, accountancy, consultancy, financial institutions, and NGOs. The two consortia are managed by the World Business Council for Sustainable Development (WBCSD) and the International Union for Conservation of Nature (IUCN).







The consortium managed by the WBCSD, will bring together the various methodologies, systems and ideas currently in the market into a single harmonised measurement and valuation framework for natural capital – the Natural Capital Protocol (NCP). The consortium managed by the IUCN, will translate the Protocol into two sector specific guides on food & beverage and apparel; it will also manage a central hub which will deliver business led pilot testing of the NCP with a variety of global companies.
 
 
Following a robust tender process, we are pleased to have been able to select this group of experts with outstanding knowledge and expertise to undertake this task.
Richard Fleck CBE who chaired the independent Steering Group of experts set up by the Natural Capital Coalition to undertake the selection process
  Having WBCSD and IUCN-led consortia develop the Natural Capital Protocol is exciting as it underlines the global importance of this work.
Robert Hodgkinson, chairman of the Natural Capital Coalition
     
     
We are delighted that our consortium will co-lead the development of the Natural Capital Protocol with IUCN’s team. WBCSD and its partners have been driving the measurement and valuation of corporate impacts and dependencies, providing business with building blocks that will support this push towards a harmonised corporate approach. This is the vital next stage in our ongoing efforts to improve the overall business case for sustainability.
Peter Bakker, CEO and President, WBCSD
  IUCN and its consortium partners are very pleased to be part of the Natural Capital Protocol collaborative project. Through IUCN, civil society’s voice will be included in the development of a harmonized Protocol. We will ensure that this becomes a valuable and critical enabler for the business community to contribute to IUCN’s mission of a just world that values and conserves nature.
Julia Marton-Lefèvre, Director General IUCN
     
     

The Natural Capital Protocol will be an open source, global multi-stakeholder framework for understanding, measuring and valuing the impacts and dependencies on the natural environment, as well as understanding the risks and opportunities presented for businesses when natural capital is accounted for in business decision making. Through a consultative approach, it will bring together and harmonise the multitude of methodologies that exist around the world into one framework; this will serve as the basis for future standard setting and methodologies in this field. The Natural Capital Protocol is intended for use by, and will be pilot tested and developed in collaboration with, business. It is expected that a fully tested first version of the Protocol can be presented by December 2015.

Funding for the development of the Natural Capital Protocol is provided for by NCC partners the Gordon and Betty Moore Foundation and the Swiss State Secretariat for Economic Affairs (SECO) through the IFC, a member of the World Bank Group.

 
 
 

For further information:

Pieter van der Gaag
Executive Director Natural Capital Coalition
Pieter.vandergaag@naturalcapitalcoalition.org

+31-6-55842247

Deborah McSkimming
Communications Advisor Natural Capital Coalition
Deborah.mcskimming@naturalcapitalcoalition.org

+44-7879 976422

www.naturalcapitalcoalition.org

 
 
 

About the WBCSD and IUCN Consortia

WBCSD’s consortium is composed of Accenture, ARCADIS, The B Team, Climate Disclosure Standard Board, Conservation International, Deloitte, eCountability Ltd, eftec, ERM, GIST Advisory, Imperial College, Integrated Sustainability Services and Synergiz, Natural Capital Project, PwC, Sustain Value, The Nature Conservancy, World Resources Institute and WWF US.

IUCN’s consortium includes the IUCN National Committee of the Netherlands, Ernst and Young, Trucost, the University of Cambridge Institute of Sustainability Leadership (CISL), True Price, Industrial Ecology Research Services (IERS), and the Food and Agriculture Organisation (FAO).

 
 
 
 

About Natural Capital Coalition

The Natural Capital Coalition is the global, multi-stakeholder platform to build the business case and support the uptake of natural capital measurement, management, reporting and disclosure in business and investor decision making. Current Membership consists of leaders from business, government, international organisations and civil society, and continues to be open to business and wider stakeholders who are joining on an ongoing basis.

www.naturalcapitalcoalition.org

 
 
 

About the World Business Council for Sustainable Development (WBCSD)

The World Business Council for Sustainable Development (WBCSD), a CEO-led organisation of some 200 forward-thinking global companies, is committed to galvanising the global business community to create a sustainable future for business, society and the environment. Together with its members, the council applies its respected thought leadership and effective advocacy to generate constructive solutions and take shared action. Leveraging its strong relationships with stakeholders as the leading advocate for business, the council helps drive debate and policy change in favor of sustainable development solutions.

The WBCSD provides a forum for its member companies - who represent all business sectors, all continents and a combined revenue of more than $7 trillion - to share best practices on sustainable development issues and to develop innovative tools that change the status quo. The council also benefits from a network of 65+ national and regional business councils and partner organizations, a majority of which are based in developing countries.

www.wbcsd.org

 
 
 

About the International Union for Conservation of Nature (IUCN)

IUCN helps the world find pragmatic solutions to our most pressing environment and development challenges. IUCN’s work focuses on valuing and conserving nature, ensuring effective and equitable governance of its use, and deploying nature-based solutions to global challenges in climate, food and development. IUCN supports scientific research, manages field projects all over the world, and brings governments, NGOs, the UN and companies together to develop policy, laws and best practice.

IUCN is the world’s oldest and largest global environmental organization, with more than 1,200 government and NGO Members and almost 11,000 volunteer experts in some 160 countries. IUCN’s work is supported by over 1,000 staff in 45 offices and hundreds of partners in public, NGO and private sectors around the world.

www.iucn.org

 
 
 
 
Download the press release here


     
     

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