TEEB for Business Releases Report on Organizational Change for Natural Capital Management
21 March 2013: The Economics of Ecosystems and Biodiversity Business Coalition (TEEB for Business) has released a report on behavior change motivations for natural capital management (NCM), titled "Organisational Change for NCM: Strategy and Implementation." Based on data from 26 companies, the study identifies the availability of freshwater, renewable energy, climate regulation, fiber and food as the most important natural capital risks over the next 3-5 years.
The report also notes that a small group of pioneering companies recognize the business case for NCM and are expected to embed the concept deeply within their businesses over the next three years, ensuring they are well positioned to cope in a resource-constrained world. The report cautions that delaying the measurement and management of natural capital puts businesses reliant on the availability of key raw materials at risk.
The report also outlines barriers to adopting NCM approaches at the macro-level, highlighting the lack of government regulation and customer demand. Organizational barriers, including the lack of harmonized methods to measure, prioritize and integrate natural capital into the business, are also emphasized. [UNEP Press Release] [TEEB for Business Website] [TEEB for Business Press Release] [Publication: Organisation Change for Natural Capital Management: Strategy and Implementation]