Why follow the natural capital roadmap?
- safeguard your future supply of essential resources
- secure your license to operate
- improve your access to finance
- enhance resource efficiency
- create opportunities for new products and markets
1Identify your impacts and dependencies on natural capital
The first step helps you to focus on the natural capital that matters most to your company. Using our analysis tool, you learn how your company benefits from ecosystems. Which goods and services of nature are important for your business? Moreover, you get a clear overview of how your business operations impact nature.Learn more
2Assess your business risks and opportunities
Zooming in on the priority natural capital identified in step 1, you consider the associated risks and opportunities in five key areas: operational, legal, reputation, market and finance. How are changes in these areas likely to affect the supply of your priority natural capital? And how will this affect your business?
3Measure and report on your impacts and dependencies
In this step, you employ metrics to measure how your business activities impact natural capital and vice versa. Once you have this information, you can set quantitative targets on how to improve your performance and monitor your progress using performance indicators.
4Take action to reduce your risks and capture opportunities
Now that you know your exact impact, you can take action to manage this impact following the mitigation hierarchy. First and foremost, you look for solutions to prevent impacts. Second, you take measures that reduce the impact. Then, you help restore the ecosystem to its original state. Finally, you compensate for the unavoidable impacts. This step helps you to maximize your return on natural capital.
Company X finds a number of suppliers that produce sustainable palm oil for which no forest has been cut down. It also looks for alternatives and tries to minimize the waste.
5Integrate natural capital into your business strategy
Once you’ve experienced how natural capital can work for your business, the next step is to ensure that you seize its full potential. In this step, you integrate natural capital in every aspect of your business strategy: an innovation that changes processes, practices, systems and policies and helps you to become a truly sustainable company.
6Engage and jointly realize the transition towards a green and sustainable economy
Leaders for Nature offers you the perfect platform to connect with policy makers, business peers, suppliers, NGOs and academics. Together with these stakeholders, you can contribute significantly to a green and sustainable economy.