The Natural Capital Protocol was developed by the Natural Capital Coalition, an initiative that grew out of the earlier TEEB for Business initiative (2012). Launched in 2016, the Protocol provides a framework designed to help generate trusted, credible, and actionable information for business managers to inform decisions related to natural resource use. It encourages communications and reporting on the results of natural capital assessments, and references the GRI and IIRC standards. It is accompanied by sector guides, of which two was launched in 2016 for the Apparel and Food & Beverage sectors. The Coalition involves global stakeholders to study and standardise methods for natural capital accounting to enable its valuation and reporting in business. The vision of the Coalition is to achieve a shift in corporate behaviour to preserve and enhance rather than deplete our natural capital. Its secretariat is hosted in London at the Institute of Chartered Accountants in England and Wales (ICAEW).
Environmental & Social
Industry sectors covered by the instrument
Organizations covered by the instrument
Type of instrument
Mandatory or voluntary
The geographical scope
International/regional (eg. EU)