In May, 2013, the United Nations Environment Program Finance Initiative (UNEP FI) released a plan for financial leadership in natural capital. The Natural Capital Declaration (NCD) Roadmap is titled “Implementing the Four Commitments of the Natural Capital Declaration.” The Roadmap marks the start of Phase ll of the NCD.
The core objectives of Phase ll of the NCD are to
1. Stimulate Financial Institutions that have signed up to the NCD to show progress towards implementing the NCD commitments.
2. Develop practical tools and metrics to integrate natural capital in all asset calsses and rlevant financial products.
3. Increase the number of signatories so as to build a greater level of acknowledgement within the financial sector about the materiality of natural capital.
To access the Roadmap click here.
Related Articles
UNEP’s Natural Capital Declaration (NCD)
A Response to UNEP’s Natural Capital Declaration
Rhino Horn Economics: The Perils of Putting a Price on Nature
Video – Pricing Nature is Far Harder than you Think
The Vital Role of Forests: Carbon, Rain and Food
