English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

Purpose: The aim of this study was to explore the feasibility of naturalcapital accounting for the purpose of strengthening sustainability claims byreporting entities. The study linked riparian land improvement to ecosystemservices and tested options for incorporating natural capital into financialaccounting practices, specifically on the balance sheet. Methodology: To testthe approach, the study used a public asset manager (a water utility) withaccountabilities to protect the environment including maintaining and enhancingriparian land assets. Research activities included stakeholder engagement,physical asset measurement, monetary valuation and financial recognition ofnatural capital income and assets. Natural capital income was estimated bymodelling and valuing ecosystem services relating to stormwater filtration andcarbon storage. Findings: This research described how a water utility coulddisclose changes in the natural capital assets they manage either throughvoluntary disclosures, in notes to the financial statements or as balance sheetitems. We found that current accounting standards allowed the recognition ofsome types of environmental income and assets where ecosystem services wereassociated with cost savings. The proof-of-concept employed to estimateenvironmental income through ecosystem service modelling proved useful tostrengthen sustainability claims or report financial returns on natural capitalinvestment. Originality/value: This study applied financial accountingprocesses and principles to a realistic public asset management scenario withdirect participation by the asset manager working together with academicresearchers and a sub-national government environment management agency.Importantly it established that natural assets could be included in financialstatements, proposing a new approach to measuring and reporting on naturalcapital.

Recognising natural capital on the balance sheet: options for water utilities