February 2023 Newsletter

In this month's newsletter:

  • Our work presented at Davos by Capitals Coalition
    • Case studies of businesses integrating a natural capital approach
  • BSI 8632:2021 Natural Capital Accounting 
    • Website launched & public consultation for preparing an ISO standard
  • Updating the Environment Agency's guidance on appraisal
    • For Flood and Coastal Erosion Risk Management (FCERM) Schemes

Our Work Presented at Davos by Capitals Coalition
Examples of Businesses Integrating a Natural Capital Approach

ACT-D Case Studies: Demonstrating Business Action for Nature

Last month, at the Davos World Economic Forum Annual Meeting, Capitals Coalition used a slide pack produced by eftec and Metabolic to present case studies of business actions for nature. 

You can view the case studies here.

The case studies highlight actions from companies in different sectors and geographies, demonstrating how integrations of the natural capital approach have altered their business models. These examples highlight the interconnectedness between business, finance, and government action and how actions by each group can drive ambition towards nature-positive economies.

BSI 8632:2021 Natural Capital Accounting Standard
Website Launched & Public Consultation for ISO

People crossing a bridge over a pond in a business park with lots of trees

BSI 8632:2021 Natural Capital Accounting was launched in 2021 by the BSI Committee on Assessing and Valuing Natural Capital, chaired by Ece Ozdemiroglu. 

The committee continues to promote the standard and published a webpage containing resources to help your natural capital accounting work. These include webinar recordings, reports, and links to useful websites and organisations. We encourage you to engage and to send examples of your work.

Those in the UK can leave your feedback on the proposal and register to be more involved here. Elsewhere, please contact your national standards institution. The deadline for feedback is March 19th 2023

Updating the Environment Agency's Guidance on FCERM Schemes

A house on the coast

eftec, in partnership with SLR, updated the Environment Agency’s guidance that supports the economic appraisal of impacts of Flood and Coastal Erosion Risk Management (FCERM) schemes on the natural and historic environment.

This updated guidance consists of a six-step process which takes practitioners from scoping and defining the environmental baseline of their scheme to measuring and valuing the changes in ecosystem services and benefits that a scheme is expected to have.

Alongside the main guidance, we also produced a database of indicative values of ecosystem services that practitioners can reference during appraisal and a “lite” version of the guidance which can be used with minimal information about the environmental impacts. The whole guidance pack was tested against various case study schemes of different sizes and scopes.