The Natural Capital Declaration

Categoría: Publicaciones Publicado: Jueves, 10 Octubre 2013

ncd bookletDuring the first Rio Earth Summit in 1992, governments set a ground-breaking agenda for tackling environmental problems, setting up new conventions onbiodiversity (CBD), climate change (UNFCCC) and desertification (UNCCD).

But at the recent Rio+20 Summit two decades later, it was private sector leaders that came to the fore, responding to the material impacts that widespread ecosystem degradation creates for their businesses and the economy as a whole.

 

Among them were a growing number of financial institutions who recognised that the increasing pressures of population growth and climate change on our limited natural resource base and rising commodity prices and require a radically new approach.

Their response is the Natural Capital Declaration (NCD), a commitment from banks, investors and insurance firms to change their business models to reflect the materiality of natural capital for the financial sector.

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