An initiative seeking for greater collaboration across private and public sector to ensure that nature is accounted for and included in decision-making.
Project Description
Cooperation between the public and private sectors is essential to change the system and deliver a sustainable future for all. While it’s true that businesses and governments often have different aims when it comes to natural capital approaches and capture different kinds of information, it’s clear that the work undertaken by governments can be hugely useful to that of businesses, and vice versa. Combining Forces ensures that public and private sector approaches and data are relevant and applicable in decision-making across all sectors.
Project Findings
There is a growing variety of approaches used to assess natural capital impacts and dependencies from across public and private sectors. While the aims of these sectors may differ, there are significant opportunities for businesses and governments to collaborate and combine forces to safeguard the world’s natural capital, including:
- Build the community: Further develop the ongoing integrated dialogue on natural capital.
- Narrative: Jointly further investigate, promote and enhance the case for natural capital approaches and combining forces.
- Harmonization: Identify and detail what is needed to further harmonize approaches and develop standards.
- Data: Clarify data needs, map data availability, streamline data collection and enhance data accessibility.
- Case studies: Review and expand the case study program.
Capital type
Natural capital
Sectors
Private and public
Partners
IDEEA Group, with other supporting partners, including:
Arcadis
Climate Disclosure Standards Board (CDSB)
Conservation International
European Union Business & Biodiversity Platform (EU B@B Platform)
eftec
The Earth Observation for Ecosystem Accounting Initiative (EO4EA) of the Group on Earth Observations (GEO)
Gaborone Declaration for Sustainability in Africa (GDSA)
Green Economy Coalition
GIST Advisory
Institute of Chartered Accountants in England and Wales (ICAEW)
Institute for Development of Environmental-Economic Accounting (IDEEA Group)
International Finance Corporation (IFC)
International Institute for Environment and Development (IIED)
International Union for Conservation of Nature (IUCN)
Natural Capital Finance Alliance
Office for National Statistics (ONS)
PwC
Sustain Value
United Nations Environment World Conservation Monitoring Centre (UNEP-WCMC)
University of Cambridge Institute for Sustainability Leadership (CISL)
UN Statistics Division (UNSD)
Wealth Account and the Valuation of Ecosystem Services (WAVES)
World Bank Group
World Business Council for Sustainable Development (WBCSD)
WWF-UK
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