NCA best practice
Natural capital accounts based on SEEA principles are desigend to integrate fully with globally standardised economic and financial accounts. Reporting based on the SEEA framework reflects the context-specific relationships between natural, produced, human and social capital. The quantity and quality of these capitals underpins the social and economic benefits that are enjoyed by local people and the wider community.
Natural Capital Accounting based on SEEA principles is now widely regarded as the best practice for outcomes based sustainability measurement. The approach reflects the context-specific relationships between natural, produced, human and social capital. The quantity and quality of these capitals underpins the social and economic benefits that are enjoyed by local people and the wider community. This enables natural capital managers to overcome challenges and opportunities in a dynamic context.
NCA case studies from around the world
Ocean accounting pilot for Geographe Marine Park
During 2020, IDEEA Group completed a synthesis report on an Ocean Accounting Pilot for Geographe Marine Park, a report commissioned by the Australian Department of Agriculture, Water and the Environment to support Australia’s participation in the High Level Panel for Sustainable Ocean [...]
Mapping Ocean Wealth
Managers always talk about using the best evidence to inform decision making but are often constrained by a lack of organised information. IDEEA Group worked with Deakin University and The Nature Conservancy to populate natural capital accounts for Port [...]
Publishing corporate ecosystem accounts – Forico
The Need Forico is a management company established by NewForest, which needs to demonstrate both financial responsibility to shareholders and corporate social responsibility to government and community stakeholders. 45% of Forico’s estate in Tasmania is native forests, which provide vital ecosystem [...]
Aligning Poverty and Environment efforts – UNE and UNDP
The Need Across the developing world, reducing levels of poverty and protecting natural environments are closely connected challenges, reflected in the concept of the Poverty-Environment Nexus (PEN). However, institutional efforts to address these challenges remain largely unconnected. For example, [...]
Measuring Sustainable Tourism – UNWTO
The Need World-wide, tourism is worth $US 7.2 trillion, which represents almost 10% of global GDP. While tourism depends heavily on the continuing flow of ecosystem services, including places for recreation such as beaches, reefs and forests, it can also [...]