Nat­ur­al Cap­i­tal Account­ing is a glob­al effort to reshape account­ing prac­tices, eval­u­at­ing busi­ness on a Triple E analy­sis — Envi­ron­ment [nature before man], Equi­ty [new social sys­tem and legal prin­ci­ples] and Econ­o­my [as in fas­cist con­trol]. The pur­pose of this new sys­tem is to assign val­ues to nature and resources and advance the cre­ation of “pub­lic pri­vate partnerships.”

The fol­low­ing are excerpts from TEEB (The Eco­nom­ics of Ecosys­tems & Biodiversity).

The TEEB for Busi­ness Coali­tion is a glob­al, mul­ti stake­hold­er open source plat­form for sup­port­ing the devel­op­ment of meth­ods for nat­ur­al and social cap­i­tal val­u­a­tion in business.

Its found­ing organ­i­sa­tions and sup­port­ers include:

• The Insti­tute of Char­tered Accoun­tants in Eng­land and Wales (ICAEW)
• H.R.H The Prince of Wales’ Account­ing for Sus­tain­abil­i­ty Project
• Inter­na­tion­al Union for Con­ser­va­tion of Nature (IUCN)
• World Busi­ness Coun­cil for Sus­tain­able Devel­op­ment (WBCSD)
• WWF-UK
• Eco­nom­ic Devel­op­ment Board of Singapore
• Con­ser­va­tion International
• The Glob­al Report­ing Initiative
• Glob­al Initiatives
• The World Bank

Seed fund­ing has been pro­vid­ed by The Gor­don and Bet­ty Moore Foun­da­tion and the UK Depart­ment of the Envi­ron­ment Food and Rur­al Affairs.

The Inter­na­tion­al Finance Cor­po­ra­tion and the World Bank on Tues­day 5 March, 2013 event focus­es on nat­ur­al cap­i­tal account­ing – what has been done since last year’s UN Con­fer­ence on Sus­tain­able Devel­op­ment (“Rio+20”) and what it will take to trans­late wide­spread sup­port into action and make nat­ur­al cap­i­tal account­ing a reality.

The event brings togeth­er experts from the fields of sus­tain­able devel­op­ment, gov­ern­ment, acad­e­mia, inter­na­tion­al busi­ness, sta­tis­tics and account­ing. It will be a dis­cus­sion informed by two pan­els, one focus­ing on the pub­lic sec­tor and the oth­er on the pri­vate sec­tor. Pan­elists will dis­cuss what has already been done and what needs to hap­pen next to devel­op and scale nat­ur­al cap­i­tal account­ing mod­els and tools. They will also talk about the chal­lenges involved in imple­ment­ing such sys­tems in a glob­al econ­o­my, and what it will take to achieve the vision of a world in which nat­ur­al cap­i­tal is val­ued and man­aged responsibly.

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More links:

http://biodiversity‑l.iisd.org/news/global-meeting-of-wildlife-enforcement-networks-discusses-cooperation-on-poaching-and-illicit-trade/

http://teebweb.org/

http://biodiversity‑l.iisd.org/news/teeb-for-business-coalition-tracks-progress-on-natural-capital-accounting/

http://worldbank.org/en/news/press-release/2012/06/20/massive-show-support-action-natural-capital-accounting-rio-summit

Wealth Account­ing and the Val­u­a­tion of Ecosys­tem Ser­vices (WAVES): A Glob­al Part­ner­ship, Paper pre­pared by the World Bank for discussion.