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Building business capacity to value nature in decision-making: an introduction to natural capital - Shared screen with speaker view
Macy Anonuevo
33:43
Hoping to learn: how to convince our members to consider natural capital valuation in their businesses and reporting
Delphine Gibassier (Audencia)
33:46
(Academic) - working with companies on that - if sustainability teams, often up to speed, if finance team, not up to speed at all ;-) so depends. But getting tones more of interest than before
Loraine Roy
33:49
doing R&D work on biodiversity, ecosystem services, monetary valuation and green accounting / would like to complete my argumentations about the stakes for company of green accounting
Marie Janse van Rensburg
33:49
Beginning of my Journey, hope to learn something that I can apply in my research
Marie Janse van Rensburg
34:17
Accounting research*
Ashok Kumar
34:23
Hi I work in steel industry process technology - worrying about our footprint and CO2 reduction aspects.. thought of getting exposure to formalism of the subject - as against being steeped in technical aspects of the technology
Aracéli Ferreira
34:23
teaching environmental accounting
Nicolas Antheaume
34:26
I am an academic. Most of the businesses I have been involved with were either at level 1 or 2. They were interested more in the externalities of their activity than in the impact of these externalities on natural capital.
Jessica Channings - AM FRESH
34:27
New to natural capital - at the start of the journey. We are a fresh produce business so topics like biodiversity are very important to us, however we have not engaged with the natural capital protocol before so interested to get an overview and learn how it might be relevant to our business
Richa Shah, TCS
34:33
We have started a natural capital journey but mostly aligned to GRI indicators.. I want to learn how to really position natural capital as a game changer by main streaming it and also when will concrete guidance come out which will make data points comparable between companies
Karen Maas
34:58
I work as an academic in the field of impact strategy, valuation and measurement. In my perspective companies are acting very reactive, also due to the material issues as identified by guidelines, etc. So for example SASB didn’t make biodiversity a material topic for agriculture? Would be nice to get some guidance how to interest companies to move from reactive to pro-active
Vdpolhm
35:08
I am Breggie van der Poll My area of research is Environmental Management Accounting and it links with natural capital
Juliana Molina Queiroz
35:12
Hello everyone! I am a student in Socioenvironmental Accounting.
justine vandeweghe
35:20
At the very beginning of the journey. Hoping to learn about the integration of natural capital valuation into decision making and internal management reporting
Richard Tawiah
35:35
I am researching into the need to leverage on the competitive advantages of conventional accounting to enhance sustainability reporting/integrated reporting. I am hoping to learn how to accurately and reliably measure some of these natural capitals so that firms could faithfully present (or disclose) them to stakeholders. I am a final year PhD Student with the University of Strathclyde and an FCCA.
Pallavi Ranjan (Tata Power)
36:40
I just started as a trainee in Sustainability department at Tata Power. We are very much dedicated to preserving nature and integral to our values. Looking forward to the learnings.
Roger Burritt, Australian National University
39:54
Hello everyone, I am an academic with an interest in environmental management accounting and sustainability management accounting.
Nicolas Antheaume
40:21
Great cartoons
Katia Bonga
40:37
Happy to share links to these comics afterwards
Marina Dirks
43:54
I cannot see the slides, is it just me?
Marina Dirks
44:31
Perfect, thanks!
Delphine Gibassier (Audencia)
48:03
We can hear you Richard, not Katia
Marina Dirks
48:05
We can hear you but not Katja
Pallavi Ranjan (Tata Power)
48:05
Yes Sir. You are audible
Richa Shah, TCS
48:10
yes
Richard Tawiah
48:11
Can hear you Richard, but cannot hear Katia.
Katia Bonga
54:59
Let us know what you think of this infographic - is this helpful? How do you draw the links between these different concepts -natural capital, nature-based solution, etc.?
Loraine Roy
55:25
I'm missing the planetary limits in it, interesting otherwise
Richard Tawiah
56:35
I am trying to figure out where an independent verification process, e.g. audit and assurance fits into the infographic?
Karen Maas
56:41
Isn’t it mainly business centred? Will this lead the solutions we need?
Delphine Gibassier (Audencia)
57:24
Agree Loraine
Nicolas Antheaume
57:39
Interesting and useful infographics. Youc could also consider that if the stocks are maintained at a sufficient level, they can "look after themselves". You can have an Arrow that goes from stocks, back to stocks
Loraine Roy
59:02
I'm also missing potential contradictions between protecting natural capital and preserving ecosystem services (if you overuse ES, then you destroy you NC)
Roger Burritt, Australian National University
59:56
At what date were the stocks natural?
Delphine Gibassier (Audencia)
01:20:32
Thanks Katia and Richard! Link to the executive MBA CVO: https://executive.audencia.com/en/diplomes-dirigeants-et-mba/mba-chief-value-officer/
Delphine Gibassier (Audencia)
01:20:50
ICAEW, Capitals Coalition & WBCSD helped us put this together.
Frances
01:22:33
I just completed the FT survey for my business school and the question targeting ESG teachings in the MBA did not impact the rating of the school did not impac their rating.
Delphine Gibassier (Audencia)
01:22:58
Hi Frances - this will change. PRME is working on this at the moment.
Frances
01:24:24
Hopefully... Sorry for the badly edited question!
Katia Bonga
02:16:07
Don't hesitate to type in here any questions you have for Paula
Nicolas Antheaume
02:16:31
How is the data collected and orgniazed ?
Roger Burritt, Australian National University
02:24:05
Hi Paula, Do you use the notions of strong and weak sustainability when assessing the business cases for deciding between conserving or managing forests for which you are responsible (i.e. do you consider substitutable and non-substitutable (or critically important) natural capital)?
Frances
02:31:07
Hi Paula, an ecology question: how do you manage biodiversity and habitats in Eucalyptus plantations since they are an introduced species to Europe, and are you re-thinking Eucalyptus due to hotter fires, based on what happened during Black Summer in Australia, where they are native?
Katia Bonga
02:52:08
Same as for Paula's presentation, please share here any questions you have for Maria and will come to them at the end of the presentation
Richard Tawiah
02:53:20
I will be happy to understand how you construct your VAS using frameworks like the KPMG TVM since most of the frameworks for sustainability (and value) reporting tend to constrict values to the traditional financial statements. Do you use proxies to measure and value the natural capital components? How do you disclose these externalities in the corporate reports? I will need to study the accounts of Argos in details.
Karen Maas
02:55:45
Maria, Why don’t you take the impacts of your products into account? You only take the positives related to employment issue into account and the negative environmental issues. And what is your comparison situation?
Karen Maas
02:56:30
And are economic externalities not already part of the financial system, i.e. internal costs value in prices and production costs
Richard Tawiah
02:58:32
To what extent can a stakeholder rely on these monetized impacts? Any audit and assurance over these monetized qualitative transactions? And if yes, are the assurances provided limited or reasonable in nature and which assurance standards are used for the audit engagements?
Nicolas Antheaume
03:04:19
To what extent did you take your supplu chain into account in this evaluation ?
Karen Maas
03:17:16
And what about enlarging the positive effects/impacts?
Aracéli Ferreira
03:18:53
This session was very helpul
Aracéli Ferreira
03:19:03
Thank you
Juliana Molina Queiroz
03:19:16
Thank you for the session!
Eugénie Faure, EY
03:19:18
thank you everyone !
Karen Maas
03:19:23
See you all during the plenary and thank you
Marina Dirks
03:19:25
A big thank you!
Marie Janse van Rensburg
03:19:31
Thanks
Richard Tawiah
03:19:40
many thanks