We Value Nature’s Module 2: A First Natural Capital Assessment

We Value Nature’s module ‘A First Natural Capital Assessment’ provides a foundational understanding and practical steps of natural capital assessments. These assessments are an essential tool for evaluating the benefits and dependencies businesses have on nature. The module forms part of We Value Nature’s broader initiative, aiming to integrate nature and natural capital into business decision-making.

The business training module emphasises practical guidance for assessing natural capital. It includes mapping dependencies on natural resources as well as identifying risks and opportunities. Furthermore, it also examines how environmental degradation can impact operations. We Value Nature uses the Natural Capital Protocol as a basis to introduce measurement and valuation techniques. This supports businesses integrate the consideration of natural capital as part of their risk and opportunity assessments.

The key uses of this tool include understanding dependencies and impacts on nature. Additionally, it aids in risk management, informed decision-making, compliance and reporting, and sustainability strategy development. This module is aimed at business professionals and sustainability managers seeking to embed environmental considerations into their organisational strategies. This seeks to align with global efforts to safeguard natural ecosystems and promote long-term corporate resilience. In the UK, the Natural Capital Protocol is aligns with initiatives including the UK Government’s 25-Year Environmental Plan.

We Value Nature developed ‘A First Natural Capital Assessment’ in collaboration with Little Blue Research Ltd. in 2020. We Value Nature was an EU-funded initiative for the integration of nature and natural capital into business decision-making processes, with funding running from 2018-2021. Whilst funding has concluded, its resources and tools remain accessible online.