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www.ramboll-environ.com
NATURAL CAPITAL VALUATION AND ACCOUNTING Helping to identify impacts and dependencies for an integrated perspective on sustainability.
Sustainable organisations recognise the impact of wider environmental and social issues on their long-term profitability. They look at ways to maintain and, where possible, enhance their stocks of capital assets including natural, human, social, financial and manufactured.
The Natural Capital Protocol (NCP), launched in July 2016, provides a framework to transform the way businesses operate through understanding and incorporating their impacts and dependencies on the natural world.
Piloted by more than 50 businesses, the NCP allows companies to connect different non-financial workstreams for
better corporate decision-making and long-term value creation, improving risk management, increasing their competitive advantage and allowing for balanced and comparable reporting.
Businesses routinely account for inputs of production such as energy and water use or outputs such as greenhouse gas emissions, either through environmental management systems or in a more informal way, but have a tendency to overlook or under-value their dependencies and impacts on natural capital, and fail to recognise and act upon risks and opportunities for increased efficiency, reputation building and cost saving.
“Natural capital can be defined as the elements of nature that directly and indirectly produce value to people, including ecosystems, species, freshwater, land, minerals, the air and oceans, as well as natural processes and functions. Natural capital underpins all other types of capital and is the foundation on which economy, society and prosperity is built.”
Natural Capital Committee (2014)
MF 01 A4 0716
Ramboll Environ has been evaluating natural capital for more than 20 years through services such as:
Environmental damage and liability assessment, remediation options appraisal and restoration.
Conservation and environmental stewardship including biodiversity offsetting.
Environmental planning for development, green infrastructure and liveable cities.
International environmental and social impact assessment using International Finance Corporation (IFC) performance standards.
Product safety and stewardship, risk and brand [email protected]
Through our natural capital valuation and accounting services, Ramboll Environ identifies impacts and dependencies on natural capital and connects these with other capitals for an integrated perspective on an organisation’s sustainability performance enabling businesses to:
Identify and maintain business-critical natural capital to protect operations.
Identify new market and investment opportunities.
Create long-term value through more strategic planning and capital allocation.
Increase resource efficiency, unlock hidden value in the supply chain and reduce costs.
Enhance stakeholder reputation and brand position.
Differentiate products with potential to increase market share and share price.
Attract and retain high quality staff.
Maintain permits and avoid or reduce compliance costs, fines, compensation and legal costs.
Increase financing options and reduce costs.
Inform corporate strategy and create opportunities to influence government policy.
HOW RAMBOLL ENVIRON CAN HELP Ramboll Environ uses established and bespoke tools to inform procurement decisions, new product development, site selection and investment across the value chain, and can value the level of effort or resources required to offset impacts to achieve a ‘net positive’ or ‘no net loss’ outcome.
Our team of in-house experts, including environmental economists, ecologists, ecotoxicologists, human toxicologists, researchers, data analysts and social scientists, are experienced in natural capital valuation and accounting and biodiversity appraisal. Ramboll Environ can:
Identify your interactions with natural capital and society and those impacts and dependencies that are material to your project or business.
Undertake natural capital assessments tailored to your needs on a corporate or project-level basis.
Help you strike a balance between scope, time and resource constraints.
Take a long-term perspective to act upon risks and realise future environmental and socio-economic benefits.
Promote effective communication, brand and reputation management.
Develop corporate natural capital accounts and balance sheet reports.
Company performance can be reported against a natural capital baseline and assessment results can inform existing company strategy, processes and management systems (eg integration with ISO 14001). We can also take a broader sustainability perspective through our value reporting.
WHERE TO START The starting point is to understand how natural capital dependencies or impacts are relevant to your project or business. Ramboll Environ can design and facilitate a natural capital workshop to help determine how your project or business can benefit, scope an assessment and define boundaries. These discussions can be used to gain buy-in and tailored for your needs.
If you have already identified natural capital risks and opportunities, our team can help to review and refine your methodology and implement, manage and report benefits to stakeholders.
The Natural Capital Protocol can be found at: http://www.naturalcapitalcoalition.org/natural-capital-protocol.html
CONTACT US Nicola Eury +44 1392 440604 [email protected]
Samantha Deacon +44 1225 748420 [email protected]
Lara Alvarez +44 20 7808 1484 [email protected]
