A revolution is taking place in how businesses and governments account for natural capital.
The inaugural World Forum on Natural Capital will be the first major global conference devoted exclusively to turning the debate on natural capital accounting into action. It will build on the enormous private sector interest shown at the United Nations Earth Summit in Rio in June 2012 and the many developments that have taken place since.
Against a backdrop of growing global awareness that our ecosystems and biodiversity underpin both wealth creation and human security, the Rio Earth Summit saw the launch of the Natural Capital Declaration, a global finance-led initiative convened by the United Nations Environment Programme Finance Initiative and the Global Canopy Programme.
By signing the Declaration, CEOs at the helm of 39 banks, investment funds and insurance companies announced their commitment to understanding their impacts and dependencies on natural capital, and to incorporating natural capital considerations into their products and accounting. The United Nations Environment Programme is one of the key partners in the World Forum on Natural Capital, which will mark an important step in moving the debate further towards action.
Go to the event website for more information.