• Capabilities: Contract Solutions, Cost Management, Program Management, Environmental Solutions, Strategic Environmental Consulting, Business Advisory, Business Transformation and Resiliency, Cost Management
  • Sectors: Contractors, Natural Resources, Mining and Metals, Oil and Gas, Financial Institutions, Industrials, Automotive, Chemical and Life Science, Manufacturing and Technology, Retail, Government & Municipalities, Power, Public Sector

A guidance for reporting on Natural Capital

The Netherlands - Reporting on natural capital is a challenge for many companies. Natural capital-related data is often gathered over the years but not regarded in a natural capital context. The project 'accessible reporting on natural capital', initiated by the ministry of Economic Affairs in the Netherlands, faces this challenge by offering companies an approach to improve the reporting on their natural capital efforts.

Practical

A practical approach for reporting on natural capital

Data

Data is key for reporting on natural capital

Guidance on a practical approach

The project resulted in a guidance for companies to communicate more effectively on their relationship with natural capital by capturing relevant data already available within the company and presenting the same in a natural capital context. The guidance was developed and piloted by Arcadis and CREM in close collaboration with a target group formed by Dutch businesses that already reported on their sustainability performance. Six  frontrunner companies from different market sectors  participated with the wish to present a clearer link between their activities and the actual effects on the natural environment and society. 

A reporting approach and formats for data collection are the basic project results to support companies intending to report on their natural capital performance. The approach for data collection starts with the addition of natural capital elements in business tools used throughout the year, such as stakeholder engagement, impact assessments and SWOT analyses. The data collection process should also include the interlinks with social, financial and environmental performance. However, searching for data to complete the formats will be the biggest challenge for companies.  

The piloting was a first try for the companies involved to review data through a natural capital lens. Working with the pilot companies and writing sample natural capital reports resulted in general insights as to the challenges and opportunities for natural capital reporting. This ‘new’ thinking asks for data not commonly collected by companies. It asks for more and different quantitative information and location specifics.  The resulting sample reports are often too technical for communication purposes. It is clear that visuals rather than text help in getting the message across. 

Scaling up to ensure that ‘natural capital’ becomes a common topic to think about and integrate in reporting is essential for the future.  

Download here the Guidance for Reporting on Natural Capital 

Outcomes

Practical

A practical approach for reporting on natural capital

Data

Data is key for reporting on natural capital

Visuals

Visuals support communication to stakeholders

Questions about this project

David Thelen

Consultant in Natural Capital and Circular Economy +31 (0)6 1531 1241 Ask me a question
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