Capital can be defined as the assets which a business, organization or nation requires to operate successfully. Capital is most often thought of in terms of financial or manufactured capital. However other capitals such as human, social and natural are equally critical to success.
Natural capital refers to assets (such as water, minerals, soils, woodlands and wildlife) and the essential benefits which these assets provide (such as food, timber, pollination, climate control). These assets underpin human life.
Tools are being developed which help us to place a financial value on some of our natural assets.
We are developing a high level Natural Capital Investment advocacy document for the Heart of the South West area (Devon, Somerset and Plymouth). This includes case studies of how businesses and organisations are investing in natural capital. Document to be uploaded in early November.