DISCUSSION ON NATURAL CAPITAL
Considering that over the past 50 years, 60% of the world’s ecosystem services have been degraded, IBCSD with its parent organisation WBCSD, are promoting Natural Capital Protocol. In Indonesia, this initiative is also developing and IBCSD as a platform for sustainable development.
Businesses depend on natural capital and the services they provide as an input to their operations. These dependencies are often critical but also frequently misunderstood or not fully recognized. Business operations can also have impacts on the quality and availability of natural capital, either positive or negative, and thus the long-term ability of natural capital to provide returns to the company, the economy, and society.
The discussion will explore how firms in the agribusiness sector might benefit from the natural capital project’s experience in the company case and also the factors that could help companies in adopting to the natural capital approaches in Indonesia.