Commitment towards Natural Capital

Published: 15 June 2020
Last edited: 15 June 2020

Under IUCN India's Leaders for Nature program, it is important to ensure that adequate due diligence is conducted for all potential members; in order to understand the corporate’s perspective and commitment towards natural capital. 

 

Classifications

Category
Education, training and other capacity development activities
Management planning
Technical interventions and infrastructure
Scale of implementation
National
Phase of solution
Implementation

Enabling factors

  • A due-dilligence process of Risk Opportunity Matrix (RoM) is carried out via information available on the internet, and sustainability and audit reports of corporates. This enables IUCN to evaluate opportunities and risks in partnering with companies.
  • The level of commitment from senior management of the companies on issues related to biodiversity conservation and natural capital, among others, is reflected via resource allocation (both human and financial). 

Lessons learned

Commitment from senior management ensures that policy related to natural capital is incorporated in the business operations and is included in the vision of the company. Lack of such leadership and vision would lead to reduced capacities of personal and willingness to address these issues.