Is Natural Capital A Material Issue?

ACCA (The Association of Chartered Certified Accountants), KPMG and Fauna & Flora International have investigated the concept and existing risk of materiality in light of the increasing significance of natural capital. It involved a survey of over 200 accountancy professionals, interviews with CFOs and senior management from eight major companies, a disclosure survey of corporate reporting by 40 organisations in specific sectors, and desk based research into relevant literature and work in the field.

Munich, 30.11.2012: This report investigates the concept of materiality and how it is used to identify issues for management and disclosure. It is aimed at accountancy professionals and business leaders. It explores the extent to which materiality definitions currently reflect the increasing significance of natural capital as a business issue. 

Key insights

  • 60 percent of respondents agreed that the natural world was important to their business.
  • More than half of the respondents had included natural capital issues in their company's business risk evaluations at some point.
  • Nearly half (49 percent) of respondents identified natural capital as a material issue for their business and linked it to operational, regulatory, reputational and financial risks.

You can download the report here.

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