We can all be a part of the solution
Although the concept of natural capital (the world’s stocks of soil, air, water and all living things) has been around for decades, integrating the notion into the business sector is still relatively new.
Every project we work on starts with educating our clients on the importance of natural capital and biodiversity. We do this before any practicalities like measurements, metrics and reports. This attention to detail is how we can really add value by making sure the concept is truly integrated into day-to-day business activities.
We’re currently working on our second project with Transport for London as they incorporate natural capital into their business decisions. It’s a common misconception that natural capital is only important in protected areas like national parks. But it’s also about the elements of the environment that support businesses to operate - protection of their assets from soil erosion or climate change induced impacts such as flooding.
By recognising their impact, businesses can better understand their dependencies on the environment and take measures to reduce risks and maximise opportunities. It’s a considered process that connects all aspects of the operation.
This work follows on from our first project which set a baseline for biodiversity net gain; a process used to leave environments in a better state than before. During this partnership, we produced toolkits to assess biodiversity across TfL, developed guidance and hosted training sessions on running net gain assessments in the future. Our unique approach equips individuals with the tools they need to normalise this way of thinking and operating.