2. • Why natural capital matters
• How to integrate natural capital into business
decisions
• The special challenge of the built environment
and construction
• What comes next
Outline
3. • All about assets and capital maintenance
• Hard concept, which business can practically implement
• Fits into corporate balance sheets and accounts
In the face of:
+ 10 million people (+2 million in London)
+ housing and infrastructure developments
Why natural capital matters
HS2 Crossrail
Strategic
Roads
South East
Runways
3 million
houses
4. • No net loss principle, compensation and new
projects
• Asset registers & assets-at-risk
• Capital maintenance charge: assets–in–perpetuity
• Balance sheet adjustments
• Hard, factual, corporate accounting
(not soft sustainability and various gentle
protocols)
How to integrate natural capital
into business decisions
Natural Capital Committee.
Introduction to the
Natural Capital
Committee’s Corporate
Natural Capital
Accounting Project
Prof. Colin Mayer,
Member of the NCC
5. • 80% population urbanised
• Major health & educational challenges
• Major opportunities to green our cities
– Within buildings
– With housing developments
– With associated infrastructure
– Providing green spaces
– Enhancing biodiversity
– Compensating for developments
– Addressing depletion of non-renewables – aggregates minerals and
carbon
The special challenges of the built environment
and construction
6. • The 25 year natural capital plan is in all the 2016 manifestos
• The ambition
• How-to-do-it manual
• Pioneer projects
• BREXIT, CAP, EU environment directives & land use
What comes next?
7. Natural Capital – Valuing the planet
YALE UNIVERSITY PRESS - MAY 2016
8. FOR INFORMATION
Natural Capital Network
Paper 1.
Catchment
management,
abstraction and
flooding
Dieter Helm
Feb 2015
Natural Capital Network
Paper 2.
In defence of the
green belt
Dieter Helm
April 2015
Natural Capital Network
Paper 3.
Flood defence: Time for
a radical rethink
Dieter Helm
Jan 2016
Natural Capital Network
Paper 4.
Green Bonds for
Natural Capital – some
issues
Dieter Helm
Jun 2016
WWW.DIETERHELM.CO.UK
