As a partner, UnternehmensGrün supports the international conference „GNF – Integrating Natural Capital into Your Business“. In its 25 years of history, UnternehmensGrün has contributed towards a more sustainable political framework. Many of its member companies are pioneers in terms of ecologic and/or social sustainability. But which possibilities do companies have to integrate natural capital in their daily businesses? This conference demonstrates some of the experiences that have been made in that area and investigates which steps are necessary to assign a value to natural capital.

Date: 5 October 2017

Place: Frankfurt am Main

Registration and program are online soon: http://www.business-biodiversity.eu/en/registration-form


Background:

The Global Nature Fund (GNF) has been working on natural capital and its assessment for a long time. According to the GNF there are a lot of reasons for businesses to engage with the topic of natural capital in general as well as with economic assessment in detail, i.e.:

–        Uniformed metric: Through monetisation it will become possible to compare different environmental impacts like „hectare of land consumption“ or „tons of nitrogen emissions“ using the same unit. Thus, the integration in operational decisions, such as cost-benefit analyses, will become easier.

–        Identification of hotspots within the supply chain and risk management: The economic valuation in the ecological profit and loss calculation of PUMA was used to identify ecological hotspots in the supply chain (in this case in the production of leather). Potential bottlenecks due to environmental damages or scarcity of resources can thus be prevented by the customer and sustainability measures can be introduced where they have the highest impact.

–        Reputation and consumers: In times of an increased consciousness on environmental and sustainability issues, environmental damages might quickly become a risk for the company’s reputation. The economic evaluation makes it possible to compare the environmental performance of two products or companies. Due to the improved transparency a real competitive advantage for sustainable businesses might arise.

–        Value for society: Some companies, especially in industries with a direct environmental impact such as mining, are using the economic valuation to show which value arises for the society by renaturation. The economic assessment is thus used to strengthen the „social license to operate“.