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SES/1/8 - Assessing and Valuing Natural Capital

Sector: Sustainability

Categories: Finances. Banking. Monetary systems. Insurance | Environmental economics

Overview: Under the direction of SES/1, is responsible for the UK input to standards in the area of assessing natural capital where it directly relates to environmental management, such as BS 8632 Natural Capital Accounting for Organizations, BS EN ISO 14007, and BS EN 14008. In addition, the committee provides natural capital assessment and valuation input as required to other relevant standards. The committee’s activities are complementary to external natural capital assessment initiatives. The term "natural capital" includes stocks of natural resources and their flows of goods and services (ecosystem services) that provide benefits to people.

Committee standards activity

In Progress (1)
Reference Standards description
Status ?

The standards development process is divided into chronological stages: Proposal; Drafting; Public comment; Comment resolution; Approval; Published standard.
BS ISO 14054 ISO 14054 Natural capital accounting for organizations. Principles, requirements and guidelines

Categories: Environmental management

Public comment begins : 2024-11-27 		Public comment
Published (1)
Reference Standards description
Status ?

The standards development process is divided into chronological stages: Proposal; Drafting; Public comment; Comment resolution; Approval; Published standard.
BS 8632:2021 Natural Capital Accounting for Organizations. Specification

Categories: Finances. Banking. Monetary systems. Insurance | Environmental economics

Published standard begins : 2021-06-10 		Published standard
Withdrawn (0)
Reference Standards description
Status ?

The standards development process is divided into chronological stages: Proposal; Drafting; Public comment; Comment resolution; Approval; Published standard.