DEFINITION: The elements of the natural environment that provide valuable goods and functions such as clean air, clean water, food and recreation. Natural capital accounting puts a value on these resouerces. Each year, the planet produces up to $72trn worth of 'free' goods and services that are essential to a well-functioning global economy.
Banking giants unite with Prince of Wales on financial net-zero taskforce
The Prince of Wales' Sustainable Markets Initiative (SMI) has announced that executives from the likes of Bank of America, BNP Paribas, NatWest and Lloyds have joined on as members of a new Financial Services Task Force aiming to create a net-zero investor sector.
Green recovery: MPs call for VAT breaks for energy efficiency, electric vehicles and circular economy
MPs are urging Boris Johnson's Government to take a broader "green recovery" approach, going beyond low-carbon electricity and transport to provide policy supports for nature restoration and the circular economy.
WATCH: Dame Polly Courtice's inspiring Lifetime Achievement Award acceptance speech
Dame Polly Courtice delivered a galvanising call to action for future business leaders as part of her Lifetime Achievement Award acceptance speech at edie's Sustainability Leaders Awards 2021 Wednesday afternoon (3 February), claiming "this is the generation that still has time to change everything for the better".
Landmark review calls for nature to be included in economic decision making
A new landmark review has been launched today (2 February), outlining how businesses and policymakers can include and account for nature as part of economic decisions, with many claiming the findings could be as influential as the Stern review on climate change.
As influential as the Stern Review: Green economy reacts to the Dasgupta biodiversity study
A new landmark review, commissioned by the Government, has suggested that services provided by nature should be assigned an economic value that is used to inform future policy decisions, a move that has been unanimously welcomed by green groups.
New Years Honours 2021: The sustainability champions on the Queen's list
The outstanding achievements of dozens of people working across the UK's environmental sphere have been recognised by the Queen in this year's New Year's Honours list. Read on to find out more about the newly-awarded scientists, policy experts, green finance champions and conservationists.
Natural Capital Committee: Environment Bill updates must stop businesses destroying nature
The UK Government must "urgently" help large businesses to value the natural resources in their value chains and to promote conservation and restoration at scale, the Natural Capital Committee (NCC) has concluded.
Towards net-zero: Are we really the smartest of monkeys?
Setting the scene for edie's upcoming Net-Zero November month of themed content and events, sustainable business expert and commentator Mike Townsend takes a thought-provoking look at the various drivers, challenges and opportunities that lie ahead for businesses on our pathway towards a net-zero carbon, circular economy.
Natural Capital Committee: UK failing on promise to leave nature better for the next generation
The quality of the UK's soil, freshwater and marine habitats has declined in recent years, meaning that the Government is likely to fail to meet its long-term environmental promises without a step-change in action.
Common Agricultural Policy to remain part of EU's biodiversity funding, despite criticism
The Common Agricultural Policy (CAP), voted on this week in the European Parliament and Council, will remain by far the biggest funding source for biodiversity protection schemes at EU level, despite claims that it has encouraged intensive and damaging farming.
CDP: Paris Agreement alignment could cut climate change costs by two-thirds
The mean damage costs of climate change will reach $5.4trn annually by 2070 and "spiral" to up to $31trn per year by 2200 if the global temperature rise hits 4.4C by the end of this century - which it will unless 'business-as-usual' is transformed.
$500bn per year needed to halt nature loss and boost biodiversity, nations and businesses told
A coalition of more than 140 nature conservation groups is calling on governments and businesses to ensure that $500bn of funding is provided annually to protect, restore and create habitats.
HSBC signs up for new $1bn natural capital investment fund
HSBC has partnered with Pollination to launch what it is describing as the first large-scale investment fund focused solely on nature conservation and restoration.
Banking giants team up for Task Force for Nature-related Financial disclosures
AXA and BNP Paribas are among a group of 10 major banks backing a new initiative intended to help corporates measure, disclose and minimise their nature-related financial risks.
Defra unveils natural capital 'assessment' funding as post-Brexit green recovery shapes up
Environment Minister George Eustice has announced a new £5m Natural Capital and Ecosystem Assessment to protect the UK's environment as part of a new package of Environment Bill measures, on the same day that the Government unveiled a £16m sustainable farming package in South America.
Yorkshire Water and Birds Eye to support carbon-capturing 'pop up rainforest'
A new business collaboration in the Humber region looks set to create a "pop up rainforest" that will help farmers plant a diverse range of cover crops that will capture carbon, reduce flooding risk and improve soil health.
UN: Finance giants must urgently set biodiversity targets and aim for 'net-positive'
Despite the continued trends towards divestment from big emitters and investment in low-carbon technologies, the world's biggest finance firms are failing to address biodiversity loss caused by organisations within their portfolios.
#SustyTalk: Ecover's Tom Domen on nature restoration and the refill revolution
edie's #SustyTalk interview series continues with Ecover & Method's head of long-term innovation Tom Domen outlining the firm's decision to grant £500,000 to nature restoration projects.
25,000 jobs could be created through nature investment, charities tell Treasury
By providing funding for 330 "shovel-ready" nature restoration projects, the UK Government could create 10,000 jobs in the short-term and a further 15,000 in the long-term, while putting itself on track to meet key climate, biodiversity, tree planting and wellbeing targets.
Commit to nature restoration in your green Covid-19 recovery plans, businesses urged
Businesses including Danone and Unilever have pledged to work with governments to reverse nature loss as part of their Covid-19 recovery plans, following a call to action from NGOs and trade bodies.
Gucci cuts negative environmental impacts by two-fifths
Luxury fashion house Gucci has reduced its overall negative impact on the environment by 39% since 2015, putting it on track to exceed its 2025 target of a 40% reduction.
Defra backs natural capital investment projects
Four projects focused on protecting and restoring natural habitat across the UK are being backed by Government funding as part of a pilot scheme to funnel more private sector investment into the natural environment.
Chief value officers and ESG investors: What could green finance look like in the new normal?
Whatever the new normal looks like once nations have battled their way through the coronavirus, the recent rhetoric around green finance suggests that both internally externally, the value of sustainability to a business is set to grow.
Yorkshire Tea achieves carbon-neutral certification for operations and products
Yorkshire Tea has announced that all its products are carbon neutral from field to shelf, following a five-year programme to reduce emissions across its supply chain and operations.
Coronavirus: Environmental charities braced for long-term financial turmoil
Nature and conservation charities have expressed concern that the Government's £750m aid package for charities will not be enough to stop the impacts of the coronavirus outbreak from stifling efforts to tackle climate change and protect nature over the coming years.
Positive Luxury: In the 'year of nature', greenwashing and incremental improvements won't cut it
EXCLUSIVE: As businesses strive to tackle the intertwined climate and resource crises, they must place nature and biodiversity at the centre of all financial considerations in 2020, a new forecast featuring input from Paul Polman, WWF and Paul Hawken warns.