Natural capital

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 purts 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.

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The WBCSD has launched the Natural Capital Protocol toolkit - a free and interactive database for businesses to explore and carry out natural capital assessments across their operations

Businesses moving in right direction on natural capital, says World Business Council

EXCLUSIVE: Companies have taken a "huge step in the right direction" over the past 12 months when it comes to measuring business impacts on nature, the director of natural capital at the World Business Council for Sustainable Development (WBCSD) has told edie.

Angela Smith MP (left) and Baroness Parminter have raised concerns about the Government's delay in publishing the 25-Year Environment Plan

Has Defra's environment plan been 'kicked into the long grass'?

Opposition party politicians have expressed concern that the green business community has been "fobbed off" over the multiple delays of the Government's proposed 25-Year Environment Plan.

The Liberal Democrats' environmental spokesperson Baroness Parminter told edie that her Party's proposed legislation would help protect the environment and boost the economy following Brexit

'Weak' Tories have broken environmental promises, says Lib Dem peer

EXCLUSIVE: The Conservative Party's environmental policy record since the 2015 General Election will be remembered as a period of broken promises, the Liberal Democrats' Deputy Leader in the House of Lords has told edie.

The new metric aims to create a business case for investors and companies to demonstrate positive impacts and show they are reversing the trend of natural environment degradation

New natural capital metric a 'powerful lever for change', says Kering

EXCLUSIVE: A new natural capital biodiversity metric will act as an "internal change management tool" that allows companies to define and translate what environmental footprints look like in a business context, Kering's head of sustainable sourcing innovation has claimed.

A growing number of businesses are turning to natural capital accounting to underpin their sustainability strategy, but is it the right approach to take?

Natural capital: Credible concept or spurious sustainability approach?

EXCLUSIVE: Natural capital accounting can be a "disaster" for sustainability professionals and is not an effective way of engaging the finance community with environmental issues, the head of sustainability and finance at UK brewer Adnams has said.

Environmentalists who have seen a draft version of the 25-Year Environment Plan have said it is

Pressure mounts on Defra to release environment strategy

An array of sustainability and environmental experts have told edie the Government must "stop dithering" and publish its long-awaited 25-Year Environment Plan, after a leaked version of the document was criticised for providing "grand promises with zero detail".

The NCC's chair Dieter Helm claimed that Brexit offered opportunities to reverse environmental deterioration

Post-Brexit environmental legislation could boost natural capital into the mainstream

The 25-year environmental plan can act as a catapult to launch the concept of natural capital into the mainstream, the Chair of the Natural Capital Committee (NCC) has claimed.

Businesses agreed that natural capital valuations and environmental degradation risks must align with the 25 Year Environment Plan in order to reach broader global goals

Businesses call for SDGs to act as a pillar for long-term environmental policy

More than 60 organisations have called on the UK Government to place the spirit and aims of the UN's Sustainable Development Goals (SDGs) at the heart of the proposed 25 Year Environment Plan to foster natural capital valuation and increase business prosperity.

The Natural Capital Committee says that Brexit provides a “great opportunity” to embed strong and ambitious environmental objectives into UK law

Defra urged to make 'rapid progress' with release of environment plan

The UK Government must swiftly implement a legally-binding 25-Year Environment Plan to halt the decline of the country's natural capital, an independent advisory body has said.

The Government has vowed to ensure that businesses and communities have the resources and information required to remain protected from risks related to flooding

Defra outlines five-year climate action plan in national risk assessment

On the same day that the Met Office confirmed that 2016 was the hottest year since records began, the UK Government has today (18 January) highlighted the need to ramp up national efforts on climate change over the next five years in a new report of its own.

Science-based emissions reduction targets are a crucial step in the global effort to prevent the worst consequences of climate change

Science-based targets top choice for sustainability leaders, edie survey reveals

The adoption of science-based targets to drive climate action is continuing to move rapidly up the corporate agenda, with more than half of sustainability leaders either beginning to apply or fully embedding the methodology within their organisation.

Will new Chancellor Philip Hammond dedicate any part of his first Autumn Statement to the green economy? Stay tuned to edie on Wednesday

Autumn Statement 2016: 10 green policy hopes for Philip Hammond's first budget announcement

From unveiling a low-carbon Industrial Strategy and confirming post-Brexit support for renewables through to enabling a smart, flexible energy system and providing more expenditure to prevent flooding - will new Chancellor Philip Hammond deliver on our green policy wishlist in his first Autumn Statement?

Stella McCartney was the guest of honour at the 2016 Kering Talk, which brought together more than 400 fashion students and industry professionals at the London College of Fashion

Stella McCartney: Fashion is literally getting away with murder

British fashion designer Stella McCartney has called on clothing manufacturers to take more responsibility for the environmental impact of the products they produce and stop the "unglamorous" sourcing of unsustainable and unethical products.

WWF is calling on all UK furniture retailers to publish a responsible timber sourcing policy

Are UK furniture retailers unwittingly destroying forest resources?

The majority of British furniture retailers are failing to treat responsible timber sourcing as a key issue despite having long-term business interests in such actions, a new report commissioned by the WWF suggests.

WWF's director of advocacy Trevor Hutchings (left) and Green Alliance acting director Leah Davis (centre) addressed the EU Energy and Environment Sub-Committee yesterday

Green groups call for clarity and certainty on Defra's 25-year plan

The Department for Environment, Food & Rural Affairs (Defra) must build a robust framework of domestic legislation in order to ensure adequate protection of Britain's natural environment post-Brexit.

Global wildlife populations have halved over the past 40 years, while significant economic gains have been made by businesses through the explotiation of the natural environment

Businesses remain unaware of natural capital impact, warns WWF

EXCLUSIVE: The majority of businesses are critically failing to address the impact of their operations on the world's depleting stock of natural resources, according to WWF-UK's director of advocacy.

The GAA brings together growers and producers, traders, agri-service providers, agri-tech suppliers, and a variety of other specialists to create a diverse and informed forum

New agri-business alliance formed to help deliver SDGs

A coalition of 36 leading agri-businesses have joined forces to launch the Global Agri-business Alliance (GAA), aiming to tackle environmental and social challenges affecting agricultural supply chains and rural communities worldwide.