In this FIBS Practice workshop you will
- Gain an understanding of natural capital and its linkages with business decision-making and risk management
- Become familiar with a few key approaches and tools to integrating natural capital into business decision making
- Hear practical business example and case studies of natural capital integration in practice
- Get an opportunity to share knowledge and learn with your peers through interactive exercises and team games
All businesses depend and have impact on natural capital. Through understanding and considering the risks and opportunities created by nature, businesses can make better decisions that benefit themselves, society and the planet as a whole.
However, when it comes to applying natural capital approaches, companies often don’t know where to start and feel overwhelmed by the amount of terminology, methodologies and tools that exist out there. This is partly due to the lack of a standardized framework for businesses to measure and value their impacts and dependencies on nature.
By exploring some key elements of the Natural Capital Protocol and particularly, by simplifying the concepts and relationships between your business and nature, We Value Nature’s interactive and practical training will introduce participants to the topic of natural capital and provide guidance on concrete and simple steps that can be taken to start integrating natural capital into business decision-making.
Case example is UPM: Timo Lehesvirta, Sustainable Forestry Lead, will tell us about the company’s plans to go net positive impact on biodiversity by 2030.
8.30 Registration and coffee
Angelina Kuokkanen, FIBS
Introduction to natural capital
Katia Bonga, WBCSD
Why is natural capital important?
Johanna Tähtinen, WBCSD
Natural capital put into practice
Katia Bonga and Johanna Tähtinen, WBCSD
Case UPM: Net Positive Impact for Biodiversity
Timo Lehesvirta, UPM
12.00 End of training
- The workshop is primarily targeted at specialists and managers working with corporate responsibility or environmental issues
- Companies that are just getting started with the theme of natural capital
Katia Bonga is leading all of the capacity building efforts of the We Value Nature Campaign and is part of World Business Council for Sustainable Development WBCSD’s Education program. In this role, Katia has been developing natural capital-related trainings and delivering these across Europe to a variety of business sectors. Prior to this, Katia worked within WBCSD’s Redefining Value Program and more specifically, the measurement and valuation of natural, social and human capital workstream.
Matthew Watkins manages WBCSDs work on measurement & valuation of non-financial capital, and its integration into business decision-making. This has included extensive input into the development of the Social & Human Capital Protocol and Coalition. Matthew has 10 years of experience working in the field of business and sustainability, in both NGO’s and the private sector.
Johanna Tähtinen is an Associate at the World Business Council for Sustainable Development (WBCSD) for the Redefining Value program. Before joining WBCSD, Johanna worked on private sector engagement research in climate change and disaster risk reduction at the United Nations Development Programme (UNDP).
The event is included in FIBS Pro membership fee
Miira Kokkonen, firstname.lastname@example.org