Improving nature's visibility in financial accounting - a report for the Capitals Coalition
Organisations cannot produce goods and services without nature, people, social networks, and shared norms and values. Financial accounts, developed over 400 years, are still key for organisations to operate in modern economies, but they rarely recognise the contribution of natural and social capitals.
In this Coalition project, led by eftec, different authors outline four potential methods that move towards developing financial accounts that support environmental sustainability. eftec worked on case studies that illustrate how we can represent natural capital account data in financial accounts today and, collaborating with Jeremy Nicholls, how the two accounts can be integrated in the future.
The report is available here: https://naturalcapitalcoalition.org/projects/improving-natures-visibility-in-financial-accounting/
Capitals Coalition unites the Natural Capital Coalition and the Social & Human Capital Coalition to accelerate momentum, leverage success, connect powerful and engaged communities, and identify the areas, projects and partnerships where we can collectively deliver benefits for nature, people and the economy.