Thursday, March 21, 2013
NEW TEEB FOR BUSINESS COALITION STUDY FOCUSES ON ORGANISATIONAL CHANGE FOR NATURAL CAPITAL MANAGEMENT
London, 21 March 2013 - The TEEB for Business Coalition released a new study today which describes the business motivations and model of organisational change for natural capital management.
The Report, "Organisational Change for Natural Capital Management: Strategy and Implementation" was commissioned by the TEEB for Business Coalition to explore a model for organisational change. Its goal was to assess business practices at leading companies that were implementing behavioural and organisational change for natural capital management. The study is based on data collected from 26 pioneering companies (60% of them with $10 Billion+ revenues each) across nine industry sectors.
|About the TEEB for Business Coalition – www.naturalcapitalcoalition.org
Launched in November 2012, The TEEB for Business Coalition is a global, multi stakeholder platform formed to develop and support the uptake of natural capital accounting in business decisionmaking.
The vision of the TEEB for Business Coalition is to support a transformative shift in corporate behaviour to preserve and enhance rather than deplete natural capital. Made up of global leaders from business, policy, practitioners and NGOs, The Coalition is the business application of G8 and United Nations Environment Programme supported TEEB (The Economics of Ecosystems and Biodiversity) programme. TEEB provides a compelling economic case for the conservation of natural capital and is the cornerstone of current Green Economy policy. The Coalition founding organisations and supporters include the World Business Council for Sustainable Development (WBCSD), The
Institute of Chartered Accountants in England and Wales (ICAEW), H.R.H. The Prince of Wales’s Accounting for Sustainability Project, Global Reporting Initiative, Corporate Eco Forum, Business for Social Responsibility, International Federation of Accountants, Conservation International, International Union for Conservation of Nature (IUCN), WWF and Global Initiatives. From international and government, supporters include the United Nations Environment Programme, the International Finance Corporation and the World Bank. From business supporters include Puma, Deutsche Bank, FMO Dutch Development Bank, Deloitte, Ernst & Young, International Federation of
Accountants (IFAC) and Chartered Institute of Management Accountants (CIMA).
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