Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Find Out

Events
Image: World Bank
Advancing Natural Capital Accounting in Government, Business and Finance: Theory, Practice and Enabling Conditions
April 8-9, 2015Washington, D.C.

This two-day event brings together a group of experts from international initiatives, public sector, knowledge centers, governments, multilateral bodies, leading companies, financial institutions, and academics to discuss practical actions needed to create an enabling environment to increase the uptake of natural capital accounting by government, business, and finance.

Following the Rio+20 United Nations (UN) Conference on Sustainable Development, governments, businesses, and financial institutions alike are increasingly turning their attention to better accounting for the economic contributions of nature and the long-term sustainability of their bottom lines. While governments are converging around concrete challenges and successes in implementing the internationally agreed-upon UN System of Environmental-Economic Accounting in their national statistics, the methodologies for business and finance are still emerging, and so is the scope and the business case for using them. The event will focus on: (1) links of the public sector NCA process with recent developments related to natural capital accounting in business and finance; (2) how adoption of natural capital accounting can be incentivized in various global and national contexts through a range of policy options (public policy, incentives, investment standards, self-regulation etc.); (3) uptake challenges and lessons learned from around the world; (4) how policy options for natural capital accounting fit within the design of policy instruments for broader natural capital and environmental management.

This event is organized by a Task Force that came together in January 2015 (Globe International, International Union for Conservation of Nature, Natural Capital Coalition, National Capital Declaration, The Economics of Ecosystems and Biodiversity/ United Nations Environment Programme and the World Bank Group) to design of a multi-stakeholder engagement platform that aims to create a policy-relevant enabling environment for natural capital accounting. The event aims to generate the momentum and actively engage a broader range of experts and practitioners in shaping the platform.

Please note that this event is invitation-only.

  • Date: April 8-9, 2015
  • Location: World Bank Headquarters, Washington, D.C.
  • Contact: Ekaterina Grigoryeva (Egrigoryeva@worldbankgroup.org)