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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edie has rounded up seven key measures in the 25-year Environment Plan that will likely have a big impact on the operations of the green business community

25-year Environment Plan: Seven key talking points for sustainability professionals

With the dust settled on the launch of the Government's plan to improve the environment over a generation, edie has taken a look at seven key measures that could have the biggest impact on those in the sustainability and energy management community.

The plans will offer additional funds to farmers who work together to make environmental improvements at “landscape scale”

Michael Gove: UK to reward farmers for environmental practices post-Brexit

Michael Gove will indicate that the UK will replace the Common Agricultural Policy (CAP) post-Brexit with a system that gives subsidies to farmers who try to enhance the natural environment.

Redrow's Carey Fields development in Moulton near Northampton

Redrow targets biodiversity 'net gain' at new developments

UK housebuilder Redrow has announced that a "net gain" approach to biodiversity will be adopted across all new developments, following a trial period that successfully enhanced the ecological land value of certain projects.

WWF stresses that the Government would benefit from a stress testing approach and long-term plan for managing natural capital

WWF: UK could lose £35bn by 2050 through extreme weather

Researchers have warned that future droughts could dent the UK economy by around £35bn unless extreme weather scenarios are factored into governmental and business decisions.

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.