Corporate Natural Capital Accounting (CNCA)
The dependence and impact that businesses have on water, land, biodiversity, oceans, and climate is best measured through corporate natural capital accounting. CNCA classifies data so that it can be better compared and integrated into decisions making across business units, supply chains and used in forecasting. Most companies already employ some of these approaches, but recent advances in methods provide new opportunities.
Sustainable Flows helps managers address immediate priorities in an way that supports full integration of environmental aspects with financials over time.
Please reach out for ideas on how to begin your journey,
Resources
- Biological Diversity Protocol, a guidance document that enables managers to account for their company’s dependence and impact on biodiversity
- Improving nature’s visibility in financial accounting, a review of current practices and challenges in CNCA
- Adapting double-entry bookkeeping to renewable natural capital, a excellent article summarizing how natural capital can be reflected in financials
Please check back as we will be updating this page.
