Implementing Ecosystem Services and Natural and Social Capital Accounting Approaches - Phase 1
Companies have taken numerous initiatives to better integrate natural and social capital assets into their business planning (e.g. treatment wetlands, payments for ecosystem services, and encouraging pro-environmental behaviours). An Accounting Tool, accompanying guidance document, and project report with two case studies have been developed to support such initiatives. The Tool helps focus on the long-term management of assets and facilitates better investment cases for options that enhance natural and social capital. The Tool produces two outputs: a balance sheet (showing the value of assets and maintenance cost liabilities) and an appraisal summary table (costs and benefits of individual options). The structure and transparency of the Tool respond to the expectations of the (economic and environmental) regulators for more systematic approaches to manage natural and social capital. While for PR19, application could be for pilots, further versions of the Tool can be an integral part of the preparation for PR24.
|UKWIR Reference :- 17/CL/04/15||Published Date :- 13/12/2017|
|Retail Price (£) :- 250||ISBN :- 978-1-84057-894-2|
Supporting Material and Reports
| 17/CL/04/15 CD NPD|
|Implementing Ecosystem Services and Natural and Social Capital Accounting Approaches - Phase 1 - Tool Guidance|