The natural capital approach helps organizations in any industry understand, measure, and value their impacts and dependencies on natural capital itself. This approach seeks to integrate nature considerations into economic and business decision-making.
Its application allows for understanding both the positive and negative effects that a company has on nature and how it depends on it for its operations. By quantifying these impacts and dependencies in qualitative, quantitative, and monetary terms, organizations can gain a clear and detailed view of their relationship with the natural environment, which is essential for sustainable management.
The integration of this information into strategic and operational decision-making not only promotes more responsible and resilient management, but also provides tangible benefits for companies. By adopting the natural capital approach, organizations can identify opportunities to reduce costs, improve efficiency, and uncover new sources of value through sustainable practices.
This systemic approach, which recognizes the interconnectedness of natural, social, and human capital,helps companies manage risks, enhance their reputation, and meet stakeholder expectations while contributing to environmental and social sustainability.