Within the current climate, ecological and health crisis context and given the need to contribute to a green and low-carbon recovery, members of the Technical Committee 6 of Conama 2020 on «The future of climate and nature-related risks and their financial impacts” have launched a consultation that addresses these critical issues....

Collaborating and establishing bridges in order to learn and share knowledge is one of our top priorities in Ecoacsa. Recently, we have joined the Latin American Natural Capital Accounting Community (ComLAC), whose members meet every month to expand their experience on the application of natural capital accounting approaches to inform sustainable management decisions of the natural environment....

The continuous challenge in the search for sustainability represents an increasingly relevant demand in the management of companies. A group of Brazilian companies committed to moving towards a new sustainable economy have opted for the LIFE Certification to highlight the important role that the business sector plays in conserving natural capital. The LIFE Methodology and Certification have been adapted to Europe by Ecoacsa, and the first pilots will begin with leading Spanish companies next November....

The Spanish Green Growth Group has published 34 examples of green economy, a compendium of successful business cases aligned with a sustainable development model that contributes to competitiveness, job and value creation for companies and society as a whole. The document collects various examples of the 34 GECV members that represent a determined commitment to advance towards sustainability, decarbonization, the integration of nature into decision-making, the promotion of collaboration, innovation and the circular economy....

On October 28 we present in a partner event organised in the framework of the EU Green Week the results of the We Value Nature pilot project on integration of natural capital in public and private sector decision-making for climate resilience and biodiversity in Cabo de Gata-Níjar (Spain) developed with Ecoacsa. We Value Nature is an EU Horizon 2020-funded three-year campaign (November 2018 – October 2021) supporting businesses and the natural capital community across Europe with the aim of making valuing nature the new normal for business. The campaign reinforces and boosts the work of the Capitals Coalition, helping businesses make smarter decisions that benefit themselves, society and the planet as a whole....

A total of 39 financial institutions and private firms, 17 think tanks and 6 governments have formed an Informal Working Group (IWG) to establish a Task Force on Nature-related Financial Disclosures (TNFD). The new TNFD is inspired by the lessons learned in the Task Force on Climate-related Disclosure (TFCD), and led by a coalition integrated by Global Canopy, the United Nations Development Program (UNDP), the Finance Initiative of the UN Environment Program (UNEP FI) and WWF. It has been created with the aim of create resilience in the global economy by redirecting flows of finance at scale towards nature-positive activities to allow nature and people flourish. The initiative is supported by financial institutions such as AXA, BNP Paribas, DBS Bank, Rabobank, First Rand, Yes Bank, Storebrand, as well as the governments of the United Kingdom, France, the Netherlands and Switzerland. Ecoacsa is among the additional stakehokders that have come together to create the Informal Working Group (IWG) with the objective of scoping the mandate and governance of the TNFD. Why a TNFD? Nature cannot wait, while we devote efforts to solve the climate crisis. Despite their material influence on society and economies, nature-related risks and impacts are rarely measured or disclosed, and are largely excluded from corporate and financial decision-making, regulation and supervision. The eventual outcome of the TFND is to make these risks and impacts visible and to increase the resilience of the global economy by reducing flows of finance that are negative for nature and people. At the same time, it seeks to increase funding that are positive, in alignement with the Paris Agreement, the Post2020 Biodiversity Goals and the Sustainable Development Goals. In order to avoid risks and find new opportunities, members of the IWG will work over the next two years to solve the reporting needs, metrics and data of financial institutions, so that they can better understand their risks, dependencies and impacts on nature. Throughout this period, it will be necessary for us to examine both the financial dependencies, impacts, transition and physical risks, not just on climate, but on nature´s assets and the ecosystem services provided to the business sector they invest in or lend to, which lost at scale could destabilise the economy. Launch of the TNFD is planned for early 2021 and will be tasked with devivering a framework to guide nature-related financial disclosure by the end of 2022. Until then, the IWG is already scoping the mandate and governance to ensure that the initiative contributes to avoiding the systemic risk and instability for markets and the financial system at global scale that are already affecting countries, companies and financial institutions around the world experiencing the consequences of the dramatic loss of nature and biodiversity. An informal Technical Expert Group will server at the direction of IWG to support the process and ensure a collaborative approach with other relevant initiatives. The TNFD partners are engaging with the Banks and Supervisors Network for Greening the Financial System (NGFS); the OECD and Multi Stakeholder Group on Business, Finance and Biodiversity, as well as the Natural Capital Coalition, Business for Nature and other organizations. Statements Biodiversity finance is the new frontier of green finance. Nature requires as much ambition and collective effort as it has been done for climate so far, and the private sector can play a crucial part in redirecting financial flows. We are convinced that the work of the Task Force on Nature-related Finance Disclosure or ‘TNFD‘ will accelerate the understanding of these issues and will ultimately lead to both a reduction in financial flows and economic activities that are harmful to biodiversity and a massive redirection of flows towards activities that are favorable to biodiversity. Bérangère Abba, Secretary of State on Biodiversity of France Habitat loss or degradation including deforestation that it is largely driven by the way we produce and consume food are rapidly undermining the natural systems on which our economies and societies rely on. Nature loss is a source of sytemic risk and instability for markets and the financial system but it is largely ignored in corporate and financial decision-making, regulation and supervision. Our economic behaviour has assumed the services that healthy natural systems provide, and on which our economies have been built, are infinitive. They aren´nt. We are pleased to welcome this collaboration with financial institutions, governments and other experts to establish the TNFD as a vehicle to swift finance away from destructive activities and toward a nature-positive economy Margaret Kuhlow, Finance Practice Lead and Interim Conservation Director, WWF International Changing flows of money from nature negative to nature positive is a fundamental ingredient in swifting global systems towards protecting and nurturing nature. Nature underpins world´s businesses. We desperately need nature —for air, water, food and for our health, inspiration, jobs, livelihoods, and for achieving the Sustainable Development Goals. Financial institutions and businesses have a critical key to protect nature. If we protect nature, it will pay us back with significant financial and material dividends. Midori Paxton, Head of Ecosystems and Biodiversity, UNDP An increasing number of financial institutions are stepping forward to address the twin crisis of climate change and loss of nature, and the strong apetite from the TNFD is further evidence of this momentum. Standarising nature-related disclosures will bring much needed efficiencies and transparency to financial markets. Eric Usher, Head of UN Environment Program Finance Initiative The launch of the Informal Working Group (IWG) for the TNFD is a significant step towards the goal of moving the global financial system from nature negative to nature positive. I look forward to working with the IWG members to shape and implement the Task Force that will help to make the transition possible. Madeleine Ronquest, Head Environmental, Social and Climate Risk at FirstRand Group Enterprise Risk Management Loss of nature is increasingly impacting business performance. Consumers, stakeholders and governments expect business to take actions which halt the loss of nature. WBCSD supports the launch of the TNFD which will help companies consistently and credibly assess, address and report their impacts and dependencies on nature. Diana Holdorf, Managing Director & Senior Management Team, World Business Council for Sustainable Development The creation of a TNFD is hugely important as it will lead to new ways of identigying, valuing and reporting on nature-related risks, as well as indentifying new economic opportunities to protect and restore natural world on which we depend, which is more pressin than ever.” Andrew Mitchell, Founder and Senior Advisor to Global Canopy Comparte Facebook-f Twitter Linkedin-in ...

Image: Cala Matzoc-Reserva Llevant. Photo by Sebastià Torrens Marilles Foundation, together with the Balearic Center for Applied Biology (CBBA) and Ecoacsa, will calculate the marine natural capital of the Llevant Marine Reserve in Mallorca.The stock of habitats and marine species –our natural capital– generate goods and services for our society. Some of them, such us fisheries or tourism, are visible and can be easily calculated; Others, like the feeling of well-being or enjoyment, are more abstract and difficult to measure. Natural capital accounting makes it possible to visualize the relationship between the natural environment, the economy and human well-being; and it facilitates decision-making by governments and companies for a better conservation of our natural heritage.The objective of the project is to evaluate the contribution of the Marine Reserve of Llevant of fishing interest (to the of Eastern Mallorca) to the local and regional economy, through traditional fishing and leisure activities related to the marine and coastal environment, among others. The aim is to measure the extent, condition and value of the goods and services of the marine reserve and to identify its beneficiaries. Another purpose of the project is to offer data on the benefits obtained (and could be obtained) from investing in the recovery of degraded marine habitats and the conservation of Balearic marine biodiversity. Ultimately, the project wants to make visible the importance of conserving marine ecosystems of the reserve so that the benefits they generate can be sustained in the future.The Balearic Islands have a network of marine reserves and protected areas whose value and benefits have often gone unnoticed. The Marine Reserve of fishing interest of Llevant in Mallorca has been chosen due to the quality of the scientific information available; the history associated with its declaration and the relevance of the participation of the economic sectors involved in its declaration and management; also due to the fact that the reserve is managed jointly and exemplary by the state and autonomous fisheries authorities.As coordinator of Interreg project actions in the Balearic Islands, Marilles Foundation will allocate € 60,000 to carry out the study. The Spanish consultancy Ecoacsa will develop the natural capital accounting system and a guide for its application to other MPAs - with the support of the British consultancy Eftec. The Balearic Center for Applied Biology (CBBA) will carry out field-based work, which will consist of gathering information and perception from local actors.  Image: Detail of a grouper fish.  Foto: Manu San Félix The marine environment provides us multiple benefits: from the fish we eat, to the enjoyment of bathing and diving in the sea. The more we preserve the medium, the more benefits we obtain. Marine protected areas are an excellent tool to guarantee multiple benefits, but we are often not aware of all that they contribute to our economy and society. This project will allow us to better visualize the relationship between a healthy marine environment and economic health and human well-being. Investing in conservation of the marine environment pays off”. Aniol Esteban, Director of Marilles Foundation Share It is very motivating to advance in a field that will undoubtedly provide economic arguments to justify the maintenance and expansion of the resources that MPAs need. We will have useful information for the community of AMP managers in the Balearic Islands. At a minimum, we ensure that the experience reaches 124 organizations that are part of MedPAN managing a total of 110 AMPs in 21 countries. ” Toni Font, Project Coordinator Share The scientific evidence shows that believing that nature will continue to provide us with the goods and services necessary for our prosperity and well-being is no longer sustainable. However, this reality is not perceived at scale and with due interest by a wide spectrum of society. Through this project and the application of the natural capital approach, we tackle the exciting challenge of highlighting the many benefits that MPAs conservation generates for the Balearic society and economy. The health of our marine ecosystems depends on the good health of our homes and businesses. ” David Álvarez, Executive Director of Ecoacsa Share Fortunately, awareness regarding marine environment preservation -reflected in many initiatives, including the AMP declaration- is a concept that has already permeated society. However, there are still many citizens who do not find it profitable to dedicate resources to conserving assets that do not provide direct and tangible benefits. That is why I see this initiative so interesting, because apart from facilitating decision-making to managers responsible to MPAs, it can help convince those skeptics.” Benjamí Reviriego, environmental consultant of CBBA Share What is natural capital? 'Natural capital' takes into account the relationship between natural assets, the services they provide, and the benefits society derives from them. The marine environment provides multiple goods and services to the Balearic society, such as food, climate regulation and multiple recreational opportunities. It is essential to improve knowledge about the values that sea and coasts bring to economy to improve its management and invest the necessary resources to protect it. European project on marine protected areas (MPAs) Despite the increased coverage of MPAs in the Mediterranean, the objective of maintaining marine biodiversity is far from being met. MPAs face many challenges and have multiple deficiencies in the provision of legal instruments and financial resources, which determine the availability of technical and human resources. The Balearic Islands are not an exception in this regard.The objective of the European project Interreg Med MPA Networks it is to contribute to the effective management of Mediterranean MPAs, by proposing solutions in four aspects: effective management, small-scale fisheries management, conservation of mobile species and sustainable financing.Interreg Med MPA is coordinated by MedPAN and brings together ten Mediterranean partners, mainly AMP management bodies from seven countries: Albania, Croatia, France, Greece, Italy, Slovenia and Spain. Marilles Foundation participates as a partner and has the mission of coordinating the implementation of a marine natural capital accounting system in the AMP of  Llevant.Marilles will export the experience of projects on MPAs in the Balearic Islands and other regions of Spain, while importing examples from other parts of the Mediterranean that may be of interest. The results derived from the pilot project in the Llevant will be connected to those obtained in Spain by the project LIFE IP Intemares, by Biodiversity Foundation, which aims to achieve a network of marine spaces of the Natura 2000 Network managed effectively. The recommendations that emerge from this collaborative work will be aimed at supporting policy improvements at international, European and national levels.  Why natural capital accounts are useful Natural capital accounts allow us to have a perspective on the state of our natural capital, its evolution and how its improvement or deterioration affects its ability to continue providing services in the future.This information enables correct decisions to be made, both from public and private institutions, to identify investment priorities, improve management and invest in conservation. All this opens the doors to the possibility of creating a medium and long-term conservation program; a 25-year program, as it has been developed in other countries.Natural assets must be managed in order to obtain products and services. For example, fisheries production depends on marine habitats, the quality of waters and currents, and physical factors that guarantee the life cycle of many species. But it is also necessary the effort of fishermen (human capital), boats and nets (physical capital) and all the services and infrastructure. Image: Fish market. Photo: Marilles Foundation Image: Canoeing in Menorca. Photo: David Arquimbau Press release and photos ...

During our involvement along with another experts in the second preparatory lab of the “4th edition of Madrid Cities Forum”, discussion of the organisation of this two yearly meeting was focused on urban renaturalisation and the need to increase cities resilience through Nature-Based Solutions. Some of the conclusions reached during debating are that cities are disconnected from natural environment and in many cases they are also detached from peripheral realities. This leads to the need of enabling an appropriate ‘strategic planning’ and efficient communication to “make progress towards a regenerative system” more similar to how nature works. Our Executive Director, David Álvarez, highlighted the key role that natural capital approaches and its associated accounting plays in the understanding the value that nature provides to cities. In this regard, he stated that work under way to develop environmental accounting models and growing or wealth indicators that go beyond GDP at European and global scales, to help people to understand the value of nature. David also emphasized that important training and dissemination work is needed so that the relevance that natural assets and ecosystem services that environment provides gets across to society and business sector. “ We are not talking about profound changes, but to have a range of basic knowledge to integrate biodiversity. Technical capacity exists and we know a lot so that what it is needed is the willingness to chage”, he outlined. Read the whole article published in Ciudad Sostenible (page 36). Comparte Facebook-f Twitter Linkedin-in ...

The third edition of the Conference Series of Business Economy organised by the Teaching Unit of Business Organisation (UDOE) from the Superior Technical of Forest Engineering and Natural Environment (Polytechnic University of Madrid) is already running. As in the two previous editions, Ecoacsa will participate. In this occasion, our Executive Director will present a conference on the “How sustainability can be financed." This session will take place on April 30th at 15:00 pm.Current society, composed by numerous agents including business sector, need to address multiple risks associated with its activities not previously considered as priorities but which are becoming increasingly important. Risks management associated with natural capital and how to incorporate this aspect to a sustainable finance system are beginning to be a clear necessity to be addressed.If you are interested in registering to the conference, click on the following link. Click here for further information on the conference. Share Facebook-f Twitter Linkedin-in ...