SOURCE:Thomson Reuters Sustainability
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By Ivo Mulder, Liesel van Ast, and Rachel Mountain | 30 August 2013
“Despite mounting evidence, natural capital is hardly accounted for by capital and insurance markets. The Natural Capital Declaration aims to provide solutions.”
(Ivo Mulder, is the Programme Officer on biodiversity and water issues at UNEP Finance Initiative; Liesel van Ast is a Project Manager, Natural Capital Declaration, and Rachel Mountain is Head of Communications, Global Canopy Program).
The Natural Capital Declaration (NCD) was launched at the ‘Rio+20’ Earth Summit last year amid significant interest from finance executives, media and Heads of State. It is the culmination of a process that started in 2010 with a range of meetings with financial institutions and other stakeholders to develop a commitment by the financial sector to focus on the materiality of natural capital. It is currently endorsed by 44 CEOs of financial institutions and 27 non-financial organisations, making it arguably the largest natural capital coalition for the financial sector. But how relevant is natural capital really for banks, investors and insurance firms and what has happened since its launch?
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