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07/13/16

NABBS is a member of NATURAL CAPITAL COALITION

 

Natural Capital Protocol (General): 

 

The Natural Capital Protocol has been developed in order to aid the shift towards a world where business conserves and enhances natural capital. Developed in a unique collaborative effort between 38 organizations, led by two consortia headed up by the World Business Council for Sustainable Development (WBCSD) and the International Union for Conservation of Nature (IUCN), and with input from hundreds more during piloting and consultation - the Protocol  provides a standardized framework for businesses to identify, measure and value their direct and indirect impacts and dependencies on natural capital.

There are many different approaches to natural capital assessments. The lack of a standard or framework to make sense of the market has made scaling solutions challenging, especially in business where performance must be measured against agreed standards. By providing a standardized framework, the Protocol harmonizes the many different natural capital approaches, and guides businesses towards the information that they need in order to generate, trusted, credible and actionable information around natural capital impacts and dependencies. 

Alongside the launch of the Natural Capital Protocol, two additional sector guides on Food & Beverage and Apparel will also be released, developed by Trucost on behalf of the Coalition http://www.naturalcapitalcoalition.org/ . The sector guides work as extensions of the Protocol, and guide practitioners through sector-specific challenges and opportunities.

The Protocol has been through a rigorous piloting and consultation process, with over 50 piloting companies and 3,200 comments submitted during consultation from over 450 organizations, in 22 countries, and spanning six continents. 

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