The Business Council for Sustainable Development is running a workshop on Testing Business Impact on Wednesday 30th May to consider whether valuing natural resources could be a business opportunity or another costly burden.
Resources are under pressure. More people, more consumers, climate change and other factors are growing the strain on the planet’s natural assets. The UK Government is responding to a United Nations led action. New, annual, natural asset corporate reporting may become mandatory. Accountants may be the audit compilers. Major businesses will incorporate their supply chains in their responses. So SMEs will not escape. Tax on the use of stressed natural resources is possible. An international framework agreement is to be sought at the international environmental summit in Rio in mid-June.