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UNEP's NCD Roadmap: Implementing the Four Commitments of the Natural Capital Declaration

May 26, 2014 Add Comment commoditization , consumer demand , economy of nature , ecosystem services , financialisation , free market , natural capital accounting , payment , pricing nature , valuation , value Edit

In May, 2013, the United Nations Environment Program Finance Initiative (UNEP FI) released a plan for financial leadership in natural capital. The Natural Capital Declaration (NCD) Roadmap is titled "Implementing the Four Commitments of the Natural Capital Declaration." The Roadmap marks the start of Phase ll of the NCD.

The core objectives of Phase ll of the NCD are to

1. Stimulate Financial Institutions that have signed up to the NCD to show progress towards implementing the NCD commitments.

2. Develop practical tools and metrics to integrate natural capital in all asset calsses and rlevant financial products.

3. Increase the number of signatories so as to build a greater level of acknowledgement within the financial sector about the materiality of natural capital.

To access the Roadmap click here.

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