Accounting for natural capital: the elephant in the boardroom

Natural capital depletion will become one of the most prominent business concerns in the 21st Century. And yet it is one issue that remains an ‘elephant in the boardroom’ - absent from most corporate accounts and business models and largely ignored by investors as boardrooms continue to focus on short-term pressures.

This report from CIMA, EY, the International Federation of Accountants (IFAC) and the Natural Capital Coalition, calls for finance professionals to take action.

Organisations that respond swiftly, embracing opportunities to innovate and managing risks, will thrive. Those that do nothing will suffer from rising input costs, risks to their supply chain, and reputational damage.

View the report below or download a PDF copy (2MB; may not work on slow connections).

 


About the partners

EY logoEY is a global leader in assurance, tax, transactions and advisory services. Our 167,000 people are united by our shared values, which inspire our people worldwide and guide them to do the right thing, and our commitment to quality, which is embedded in who we are and everything we do.

EY is committed to doing its part in building a better working world for our people, for our clients and for our communities.

 

IFAC logoThe International Federation of Accountants (IFAC) is the global organisation for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 179 members and associates in 130 countries and jurisdictions.

 

NCC logoThe Natural Capital Coalition is rapidly establishing itself as the global, multi-stakeholder platform to build the business case and support the uptake of natural capital measurement, management, reporting and disclosure in business and investor decision making.

Current membership consists leaders from business, government, international organisations and civil society, and continues to be open to business and wider stakeholders who are joining on an ongoing basis.

The Coalition recently launched a landmark project to develop and pilot test a harmonised framework for valuing natural capital in business decision making, and businesses and investors are encouraged to participate.