“This could be a year of singular importance in the history of international accounting. A new directive from Brussels provides a basis on which natural capital funding undertaken by corporations could ultimately be reflected as an asset on balance sheets.”
[COMMENTARY] This development would be a dream come true for many of us who’ve been following this concept for decades. Somehow, natural capital must be accommodated in corporate financial accounting and statements.
Why Europe’s new reporting standards could be a game-changer for nature, by Stefan Grabs and Sonia Stuchtey, May 18, 2023, Reuters, UK.