On this page you'll find:
The Natural Capital Glossary
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From international leaders
WHAT IS NATURAL CAPITAL?
Natural capital is an economic metaphor for nature; a concept that frames the world's renewable and non-renewable resources like plants, animals, air, water, minerals and soils as assets or stocks that combine to yield a flow of benefits to people.
WHAT IS THE NATURAL CAPITAL APPROACH?
The Natural Capital Approach involves measuring, valuing (in qualitative, biophysical and/or monetary terms) natural capital assets, and using those values in assessments and/or accounts to reveal the flows of benefit that they provide to society and the economy and support more sustainable decision-making.
WHAT IS A NATURAL CAPITAL ASSESSMENT?
Natural Capital Assessment describes a variety of methodologies that use natural capital and ecosystem service valuations in order to inform decision-making. For example, an Environmental Profit and Loss Statement like Kering's.
WHAT IS A NATURAL CAPITAL ACCOUNTING?
Natural Capital Accounting is a standardised and internationally comparable system for organising information on natural capital assets and ecosystem services in order to help decision-makers understand how the environment interacts with the economy. It can be applied at national, regional, organisational or spatial scales. For example, the UN's System of Environmental-Economic Accounts and Experimental Ecosystem Accounts.