It is becoming more generally accepted that accounting for the full cost of products and services, incorporating and valuing natural capital in the global economy is a valuable action for the future of the economy. However, actually measuring natural capital in both a thorough and simple way has not been possible so far. The Natural Capital Leaders forum is hoping to advance that agenda with the release of a new report called “Operationalising Natural Capital”.
The report explores the different mechanisms by which businesses are attempting to include natural resource issues in their economic models and decision-making. It’s objective was to provide a first truly exhaustive analysis of the current state of play for natural capital accounting and suggest a direction of travel in the future.
Identifying that an increasingly long-term outlook is becoming more common among companies, the research concluded that communicating the economic benefits, which do not come only via profits, remains a significant challenge, but the paper as a whole paints a relatively optimistic vision in terms of transforming the global economic model.
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