In This Month's Newsletter:
Mapping Wetland Creation Benefits
Our work with WWT
The Value of Corporate Transparency in Tackling Crime
Valuing Companies' House Data for DBT
Meet eftec at the Nature Finance UK Conference
Our panel, seminar, and stand at the EKN conference on Nov 5
Notice
UKNEE’s 100 days of Labour government review webinar still has space available:
Register here to Join on November 6
Mapping Wetland Creation Benefits
With the Wildfowl & Wetland's Trust (WWT)
We're delighted to be a part of this project with WWT, who have just launched their Wetland Potential Maps which include our economic analysis. We were able to show that the UK stands to gain at least £8 billion of net benefits in present value terms over the next 60 years (after deducting creation and maintenance costs).
The maps also illustrate extensive areas across the country that would benefit from wetland creation by combining national data such as flood risk and sewage dumping sites, and areas of economic deprivation.
You can also access the maps through the Wetland Data Explorer app, which WWT developed in collaboration with The Rivers Trust.
The Value of Corporate Transparency in Tackling Crime
Revealing the Value of Companies’ House Data for the UK Department for Business & Trade
The latest in our series of research for the DBT on the significant value of the Company Register is published this week!
We’re known for using economics for the environment, shining a light on the hidden value of nature. This practice is highly transferable to other hidden values, too, like the value of freely available information.
In 2019, we researched the user benefits of Company House data on the Company Register: around £2,000 per user per year and around £2 billion in total per year. That research supported the policy case to reform the Company Register which eventually became the Economic Crime and Corporate Transparency Act (ECCTA) 2023.
This new publication focuses on the use and value of the Company Register information for a specific purpose: tackling crime - both before and after the introduction of the ECCTA.
We developed a user survey, adopting a novel stated preference approach, to estimate the value to two user groups:
Private sector such as accountancy and law firms required to comply with the Money Laundering Regulations (2017). We asked them how much they would be willing to pay for the information they currently access via the Company Register and for the information post reform.
Law enforcement agencies. We asked them how long they would accept waiting to secure information relevant for their work tackling civil or criminal offending. This time measure of value was designed given that this group of users typically do not control budgets.
Our findings suggest significant value:
For the private sector, the reforms are expected to roughly double the annual value of the Company Register from £4,400 per organisation to £8,300.
For the public sector, the research revealed that Company Register is a key component of initial case and investigatory work and the ECCTA is expected to increase its importance.
Company information regarding the identity of individuals who manage and own businesses (company directors and Persons with Significant Control is important for both groups, and hence the ECCTA reforms which improve this information are expected to be particularly valuable.
Meet eftec at the EKN's Nature Finance UK Conference
We are looking forward to meeting you on Nov 5th
You can find us, throughout the day, at our stand where we’ll be showcasing our natural capital accounting practice and how we have been using to encourage organisations to think differently about their impacts and dependencies on nature, and to explore how to invest in what matters most.
At lunchtime, we’ll be hosting a seminar from 13:20 – 13:50 on “investing in what matters most – the role of natural capital accounting in nature finance”. It may seem easy to pursue the most readily available finance opportunity, but that can come at the expense of other, more important, benefits. In this session, we will showcase how natural capital accounting increases the visibility of the multiple benefits of nature and help focus investments to ecologically and economically beneficial options that are socially acceptable and financeable.
Finally, eftec Director Ian Dickie will join the BSI Nature Investment Standards session at 14:00. He’ll be representing his role as the Technical Editor of BSI Nature Market Principles Flex. This session will bring you up to speed with the new and developing frameworks and standards for high integrity nature markets.
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