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Transparent: Standardised Natural Capital Management Accounting

Transparent: Standardised Natural Capital Management Accounting

Year Published

2023

Contributing Organisations

Capitals Coalition
European Commission
Value Balancing Alliance
World Business Council for Sustainable Development (WBCSD)

Type of Resource

Guidance
Standard

Languages

English

Relevant Topics

Core Topic
Nature
Topic 2
Impact Assessment
Topic 3
Target Setting

Target Audience

Real Economy Corporates

Relevant Geography

Global
Transparent: Standardised Natural Capital Management Accounting

Resource Summary

This guidance provides an approach for developing natural capital management accounts at the entity level. Its primary purpose is to support decision-makers in steering their businesses towards medium- and long-term environmental sustainability, thereby reducing pressures on socio-economic systems. The focus is on management accounting principles, emphasising that accurate accounting information can aid external reporting to stakeholders, meeting the requirements of the Corporate Sustainability Reporting Directive (CSRD), the EU’s Taxonomy Regulation, and other international standards. The methodology aims to account for pressures or impact drivers on nature and the corresponding positive and negative effects on society.

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