Advancing Natural Capital in finance – next steps for R&D under the Natural Capital Declaration

16 October 2014 | Geneva, Switzerland

The Natural Capital Declaration (NCD) is a global finance-led initiative to integrate natural capital considerations into financial products and services, and to work towards their inclusion in in financial accounting, disclosure and reporting. Signatories to the Declaration work towards this goal through a number of innovative pilot projects in four distinct but linked working groups. The Natural Capital Declaration was launched at the UN Conference on Sustainable Development (Rio+20) in 2012. It has been signed by the CEOs of more than 40 financial institutions, and demonstrates their commitment to integrating natural capital considerations into private sector reporting, accounting and decision-making by 2020. The Secretariat of the NCD is jointly run by UNEP Finance Initiative and the Global Canopy Programme. Agenda Introduction to the Natural Capital Declaration

  • Why is it needed?
  • What are the aims?
    Anders Nordheim (UNEP FI)

Pilot projects

  • Bank and Investor Risk Policies for Soft Commodities
    Anders Nordheim (UNEP FI)
  • ASN Bank – Financial Sector perspective 1
    Jeroen Loots – Senior Advisor Climate & Biodiversity (ASN Bank)
  • Environmental Risk Integration in Sovereign Credit (E-RISC)
    Martin Halle – Policy Advisor (Global Footprint Network)
  • S&P – Financial Sector perspective 2 (10 min)
    Miroslav Petkov – Director and Head of EMEA Insurance ERM Team (Standard & Poor’s Rating)
  • Mapping Natural Capital Risks Across Portfolios and Embedding them in Credit Risk Assessment (10 min)
    Liesel van Ast – Programme Manager (Natural Capital Declaration)
  • Other NCD projects
    Liesel van Ast and Anders Nordheim

The way forward

  • Financial institutions participating in pilot projects and working groups
  • How is the NCD linked to other initiatives?
  • How can you contribute?
    Liesel van Ast