25 years: Sustainability strategy
In this video, James introduces the five key questions that must be considered when exploring natural capital. He defines what natural capital is, why it is important and what implications the decline of natural capital is already having and will have in the near future. He delves into why natural capital is currently misvalued and finally, what we can do to move to a more nature positive economy.
In this video, James introduces the five key questions that must be considered when exploring natural capital. He defines what natural capital is, why it is important and what implications the decline of natural capital is already having and will have in the near future. He delves into why natural capital is currently misvalued and finally, what we can do to move to a more nature positive economy.
Natural capital is the essence of all goods and services and it plays a pivotal role in all of our lives. Natural capital is broadly split into two categories: non-renewable assets and renewable natural assets. It is estimated that these two categories underpin much of the world economy, with $44 trillion highly or moderately dependant on nature and its resources. Traditionally, natural capital has not been taken into account on corporate balance sheets and was not factored into decisions that have caused significant damage to natural resources. This needs to change to preserve the Earth for future generations.
Key learning objectives:
Understand what three activities are primarily contributing to a decline in natural capital
Understand different types of reporting and disclosure that are enabling organisations to identify their direct and indirect impacts on natural capital
Understand the different mechanisms that can be used to slow the loss of biodiversity
Comprehend the avenues to transition to a natural positive economy