David Jarrett, Biodiversity Analyst at Ecometrica writes on the assets and liabilities in natural capital accounting. In his post, David explores the differences between and challenges associated with natural capital accounting at a national level compared to an organisational one, and how current financial accounting principles can be applied.
David describes how underpinning the idea of ‘natural capital accounting’, is the supposition that natural capital can be just as important as financial capital, and so stocks of natural capital should be accounted for by governments and companies.