Launched in April, in Hong Kong, ‘Connecting Finance and Natural Capital: A Supplement to the Natural Capital Protocol’ is a tool for financial institutions to assess how their business is impacted by, and depends upon the natural world.
The Natural Capital Protocol has created a globally recognized and standardized framework for business. This supplement to the Protocol, aims to connect finance and natural capital in the same way, and to create a common language across business, government, civil society and finance on this important topic. The Finance Sector Supplement (FSS) has been developed in partnership with the Natural Capital Coalition and VBDO, and provides a framework for financial institutions to assess the natural capital impacts and dependencies of their portfolios. It explains why financial institutions should undertake this assessment, what the impacts and dependencies are, and what techniques to use, and is aimed primarily at ESG analysts, environmental managers, responsible investment managers, due diligence specialists, risk managers, analysts, and portfolio managers.
Read Anders Nordheim’s blog on the importance of treating nature as a form of capital here.
View case studies here.