Business Insights: Pilot testing the Natural Capital Protocol
This report analyses the business aspects that pilot testing companies focused on, explores the learnings from businesses applying the Protocol, and identifies where natural capital assessments have an impact on the pilot tester companies. It shares findings from some of the 50+ companies from 20 sectors over 5 continents who tested the Protocol.
As a result of pilot testing the Natural Capital
Protocol, sixty per cent of the respondents said that they have become
more confident and comfortable talking and engaging on the topic of
natural capital with industry stakeholders. In addition, some companies
have used the results of their pilot to make the internal supply chain
and procurement functions more aware of the importance of their
decisions on the environmental impacts of the company. As well as
opening discussions with value chain actors, some businesses were able
to use their pilot tests to engage their colleagues at a more strategic
The report also shares recommendations for business from the pilot
testers and concludes on the need for companies to simply get started on
natural capital assessments. Dr Cranston identifies an opportunity for
businesses to come together to showcase the positive business impacts
that have been driven by natural capital.
to download the report.
Tags: Ecosystem valuation
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