Banks, UN Set Standards on Channelling Investments for Sustainable Development – Capitals Coalition

Victor Hugo once wrote that “ Nothing is so potent as an theme whose time has come ”. Recognising the on-key prize of natural capital, is one such idea. Across secret and public sectors, across disciplines, and around the populace, initiatives to advance and develop natural capital thinking have emerged quickly over the past 10 years. In a blizzard of acronym, we have the NCC, SEEA, WAVES, IIRC, KIP-INCA, A4S, GRI, EO4EA – among many others. Are they the like, are they competing, are they utilitarian ? To both insiders and outsiders this stove of initiatives is confusing at best. At worst, it leads to a miss of engagement, avoidance and misconstrue. The reality is that, while differences among these diverse initiatives do exist, they have all been motivated by a park understanding of the reality that we are losing our stocks of natural capital – and that this matters. While each first step may have different origins, some differing objectives, and may reflect variations in technique and method, there is much coarse land. indeed, to engage the broader community in tackling the natural capital challenges we jointly face, we can not afford to focus on distinctions. rather, we must look to build on the overlaps and seek to build a common linguistic process that will enable the exchange of ideas and ongoing initiation.

It is in this heart of collaboration that the Natural Capital Coalition, together with the IDEEA Group and supported by over 20 organisations, launches this statement on Combining Forces on Natural Capital. It is particularly relevant that this statement of collaboration is launched at the World Forum on Natural Capital, where leading voices in the movement meet every two years, to plowshare best practice, enduring challenges and build further collaborations.

While advance to date has largely taken position in little pockets, in arrange to move fore we need to ramp up our efforts and move beyond talking with supporters and “ the convert ”.

For this, we need leaders who can establish spaces for dialogue and exploitation, and who can ensure that technical foul debates do not form a barrier to progress, that we take full moon advantage of the diversity of skills and feel already engaged, and that the big photograph is always kept in judgment. I encourage you to take the opportunity to read the affirmation, to share it within your organisations, to sign on, and to join us as we move towards a better understanding and appreciation of the complex and beautiful world in which we live. Carl Obst is Director of the Institute for the Development of Environmental-Economic Accounting (IDEEA Group), and Lead Author of the United Nation’s System of Environmental-Economic Accounting (UN SEEA).

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