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.
Flooding and coastal damages risking £12bn to UK economy
Rising sea levels, storms and flooding driven by climate change has placed more than £12bn of the UK's economy at risk, according to new findings from WWF which warns that almost 2.5 million homes in the UK will be at risk of flooding by 2050.
Gucci boss calls on business leaders to deliver net-zero supply chains
Gucci chief executive Marco Bizzarri has called on business leaders to sign up to a Carbon Neutral Challenge that sees businesses deliver greenhouse gas emissions reductions across their entire value chain in order to achieve net-zero emissions.
'To truly embed sustainability, businesses must redefine value itself'
EXCLUSIVE: As ever more companies strive for sustainability which stretches beyond the confines of a separate CSR department, they will need to explore ways to define success beyond monetary value.
Deposit return schemes and biodiversity net-gain: Raft of new policies unveiled in Environment Bill
The UK Government has launched its new governance system on issues covering clean air, waste management and plastics pollution, natural capital approaches and water stewardship, in the form of the long-awaited Environment Bill.
UK needs sustainability act to avert economic collapse, says IPPR
Britain needs an overarching new sustainability law to bolster natural life-support systems and prevent economic and social collapse, according to proposals from one of the country's most influential left-wing think tanks.
UN launches Green Finance Platform to improve banks and business interactions
The UN's Green Growth Knowledge Platform (GGKP) has launched two new platforms to improve the dialogue and actions between the finance sector and businesses in order to accelerate the growth of green finance.
Michael Gove backs comprehensive 'all-in' deposit return system for plastics
Environment Secretary Michael Gove has publicly backed a deposit return system for plastic containers, irrespective of size, while also warning that time is running out to avert the climate emergency.
Swarovski turns to natural capital accounting to measure environmental impact
Jewellery giant Swarovski has calculated the monetary value of the natural resources used to produce its namesake crystals, in a move towards its overarching aim to supply "the world's most transparent crystal".
Natural Capital Committee: Biodiversity net-gain must not rely on offsetting
The UK Government's independent advisor on natural capital has criticised proposals put forward by the Department for Food, Environment and Rural Affairs (Defra) that would require developers to pay for biodiversity offsets in other regions if their projects result in habitat loss.
Three-quarters of UK FTSE All-Share firms 'highly dependent' on natural capital
Almost three-quarters (74%) of UK businesses listed on the FTSE All-Share Index have been dubbed "potentially highly dependent" on natural resources such as clean air, water and soil in a new study on nature-related business risks.
The Big Brexit Questions podcast: What next for the UK's natural capital?
With Brexit discussions set to resume as MPs return to Parliament after an 11-day Easter break, edie's new podcast mini-series explores the impact of Brexit on key areas of the UK's green economy. Up next: Natural capital.
Report: Failure to implement clean air laws cost EU €24bn in 2018
By failing to meet targets and regulations set out in EU environmental laws, Member States collectively cost the bloc's economy almost €55bn last year, a new report from the European Commission's Directorate General for the Environment has found.
BNP Paribas aligns with SDGs and Paris Agreement in new sustainability strategy
French banking giant BNP Paribas has outlined its latest strategy to accelerate its commitment to sustainable development.
'The £1bn challenge': Natural capital investment project launched in Scotland
The Scottish Environment Protection Agency (SEPA) and the Scottish Wildlife Trust have teamed up to launch a new project aiming to attract £1bn of investment in protecting the nation's natural capital.
Water companies urged to 'up their game' on pollution and natural capital through to 2025
The UK water sector has stepped up its environmental ambition in the current business planning period, but gaps remain when it comes to reducing sewage pollution incidents and factoring in the value of natural capital.
Finance firms must adopt a natural capital approach to risk, PwC warns
In the face of climate challenges, most financial service providers are still failing to assess the extent to which environmental degradation could pose financial risks to their firms, PwC has warned.