As a founding member of the Natural Capital Coalition, IUCN is supporting the global consultation on the draft Natural Capital Protocol (NCP) and encouraging businesses, governments and other stakeholders -- especially the conservation community -- to participate.
IUCN recently hosted two webinars for its Members and partners to explain the consultation process on the draft Protocol, before the deadline on 26 February 2016. Issues discussed included the need to clarify the perceived use of the Protocol to “monetise” nature and better understand the trade-offs, as well as its links to current corporate sustainability reporting and added-value.
The Natural Capital Protocol is a standardized framework for business to measure and value its direct and indirect impacts and dependencies on natural capital. It aims to be internationally applicable, across all business sectors, geographies and organizational levels.
By harmonizing and leveraging existing approaches, the Protocol does not prescribe or promote the use of one methodology or valuation technique over another. Instead, the Protocol informs decision makers on the appropriate measurements and valuation methods they can use, depending on the intended application and context.
In addition, more than 50 businesses are currently piloting the Protocol, and another 10 companies are undertaking “deep dives” to ensure it is fit-for-purpose, before it is released in July 2016. IUCN is participating in two of these deep dives with Nespresso and Shell, as well as overseeing the development of two sector guides on Apparel and Food & Beverages.
The Coalition is using an online collaboration tool called Collaborase to collect feedback on the draft Protocol and answer questions in real-time. If you would like more information about this process or to provide feedback on the Protocol, please view one of the webinars or contact Nadine McCormick in IUCN’s Global Business and Biodiversity Programme.