London Borough of Barnet Corporate Natural Capital Account
Find out more
The London Borough of Barnet is the first London Borough to produce a borough-wide Corporate Natural Capital Account (CNCA) for 200 of its parks and open spaces. The CNCA provides Barnet’s council with an evidence base to quantify the economic, social and environmental benefits accruing from its green infrastructure assets. The CNCA has been developed using the quality and value assessment data of these spaces assembled for the borough’s Parks and Open Spaces Strategy (2016-2026). This account shows the value of 200 of Barnet’s parks and open spaces for the wellbeing of residents. The total value of benefits from them is estimated at more than £1 billion over the next 25 years.
What makes this innovative
This was one of the first formal natural capital accounts for outdoor spaces in an urban area of Britain. It follows the Corporate Natural capital Accounting Methodology, endorsed by the Natural Capital Committee for England.
Jon Sheaf & Associates
London Borough of Barnet
Which ecosystem services were focused on?
- Health and well-being
- Climate regulation