Call for commitment: sign declaration to integrate natural capital in business
Platform Biodiversity, Ecosystems and Economy calls upon businesses to sign a declaration in which they agree to take action to incorporate natural capital into their decision making. This declaration, coined the The Hague Business Accord for Natural Capital, will be presented on November 24th at the international conference Natural Capital | Let's Talk Business in The Hague. Registration is now open.
Every business impacts and depends on natural capital to some degree. For example, business has a need for water in production processes, or for other resources such as plants, soils and energy. Business thus plays an important role in bringing the use of natural capital within planetary boundaries.
Over the past five years, the Platform BEE participants - including NGOs, business and scientists - have pioneered the field of natural capital in the Netherlands. Pilot projects have successfully demonstrated that business can flourish without degradation of natural capital. Moreover, several tools have been developed to help companies identify, measure and value impacts and dependencies on natural capital.
The The Hague Business Accord builds on those existing tools and initiatives by providing companies with a clear ambition and approach.
Specifically, the signatories commit to applying the Natural Capital Protocol. This standardized framework helps companies to help generate trusted, credible and actionable information that can inform decision-making in a way that is beneficial to business, society and the environment.
Do you wish to add your support to the declaration?
Please contact Eveline Trines, Eveline.Trines@IUCN.nl.
Platform BEE is an initiative of environmental network IUCN NL and the Confederation of Netherlands Industry and Employers (VNO-NCW) and is supported by the Dutch Ministry of Economic Affairs.