First standard for natural capital accounting Launched by BSI

BSI, in its role as the UK National Standards Body, publishes guidance for preparing natural capital accounts. The new British Standard, named BS 8632: Natural Capital Accounting for Organisations – Specification, provides organizations with a deeper understanding of how their operations impact and depend on natural capital assets like geology, soil, water, air and living organisms, to underpin decision making. The standard presents terminology, principles, steps, and outputs for creating a natural capital account to enable a transparent and repeatable practice. This includes the minimum requirements for defining the boundary…

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New international standard helps organizations adapt to climate change

BSI, the business improvement company, has published the first standard on climate adaptation, BS EN ISO 14090 Adaptation to climate change – Principles, requirements and guidelines. It offers a framework that enables organizations to give appropriate consideration to climate change adaptation when designing and implementing policies, strategies, plans and activities. Organizations are facing the physical, financial, regulatory and reputational impacts of climate change. How they respond is scrutinised by investors, consumers and the media alike. No matter the sector that the organizations operate in, they are increasingly held accountable for…

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