Leading firms considering natural capital

10th April 2013


News2 1

Related Topics

Related tags

  • Business & Industry ,
  • Natural resources ,
  • Supply chain ,
  • Procurement ,
  • Corporate governance

Author

IEMA

Companies are adopting a more strategic approach to natural capital to offset the risks posed by degrading ecosystems services and resource scarcity, according to a new study

The research was carried out for TEEB, the global initiative focusing on the economics of ecosystems and biodiversity.

The study of 26 companies – 60% with revenues of at least $10 billion – highlights how each one is working to make “natural capital management” an integral part of its business in the next three years, to ensure they can compete in a resource-constrained world.

The findings suggest that firms are on track to raise internal awareness of the business benefits of managing natural capital within 18 months. They expect to begin implementing projects and policies related to ecosystems services in the next two years, says the report.

Access to natural resources and ecosystems services are to become increasingly important to the success of their business, say participants, with access to fresh water and renewable energy predicted to be of high or critical importance within five years.

The study also reveals that the biggest barriers to incorporating natural capital into decision-making processes lie in clearly identifying its relevance to the business.

The lack of agreed methods to measure and prioritise natural capital compound this problem, states the report.

Subscribe

Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.


Transform articles

Swing voters show strong support for renewables

There is strong support for renewable energy as a source of economic growth among UK voters, particularly among those intending to switch their support for a political party.

16th May 2024

Read more

A project promoter’s perspective on the environmental challenges facing new subsea power cables

3rd April 2024

Read more

The UK’s major cities lag well behind their European counterparts in terms of public transport use. Linking development to transport routes might be the answer, argues Huw Morris

3rd April 2024

Read more

Tom Harris examines the supply chain constraints facing the growing number of interconnector projects

2nd April 2024

Read more

The UK government’s carbon capture, usage and storage (CCUS) strategy is based on optimistic techno-economic assumptions that are now outdated, Carbon Tracker has warned.

13th March 2024

Read more

The UK government’s latest Public Attitudes Tracker has found broad support for efforts to tackle climate change, although there are significant concerns that bills will rise.

13th March 2024

Read more

A consortium including IEMA and the Good Homes Alliance have drafted a letter to UK government ministers expressing disappointment with the proposed Future Homes Standard.

26th February 2024

Read more

Global corporations such as Amazon and Google purchased a record 46 gigawatts (GW) of solar and wind energy last year, according to BloombergNEF (BNEF).

13th February 2024

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert

IEMA Cookie Notice

Clicking the ‘Accept all’ button means you are accepting analytics and third-party cookies. Our website uses necessary cookies which are required in order to make our website work. In addition to these, we use analytics and third-party cookies to optimise site functionality and give you the best possible experience. To control which cookies are set, click ‘Settings’. To learn more about cookies, how we use them on our website and how to change your cookie settings please view our cookie policy.

Manage cookie settings

Our use of cookies

You can learn more detailed information in our cookie policy.

Some cookies are essential, but non-essential cookies help us to improve the experience on our site by providing insights into how the site is being used. To maintain privacy management, this relies on cookie identifiers. Resetting or deleting your browser cookies will reset these preferences.

Essential cookies

These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.

Analytics cookies

These cookies allow us to recognise and count the number of visitors to our website and to see how visitors move around our website when they are using it. This helps us to improve the way our website works.

Advertising cookies

These cookies allow us to tailor advertising to you based on your interests. If you do not accept these cookies, you will still see adverts, but these will be more generic.

Save and close