The course "Valuing nature and people to inform business decision-making" introduces the Capitals Approach to integrate natural, social, and human capitals into business decision-making. This introductory course, developed by the Capitals Coalition, covers the internationally recognized Natural Capital Protocol and Social and Human Capital Protocols.
Through four modules, the course delves into the risks and opportunities related to nature, people, and society, the process of a capitals assessment, and getting started with a natural capital assessment. Learners will understand the importance of including nature, people, and society in business decision-making and how to drive change at the organizational level. The course structure follows a comprehensive curriculum, providing a detailed understanding of the Capitals Approach and its application in business settings.
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The course modules guide learners through understanding business impacts and dependencies on nature, people, and society, the process of a capitals assessment, and getting started with a natural capital assessment.
The first module focuses on the role of businesses in addressing challenges related to nature loss, climate change, and inequality. Learners will explore risks and opportunities and understand the business case for undertaking an integrated capitals assessment.
Module two delves into better managing risks and opportunities by adopting a Capitals Approach. Learners will understand the process of a capitals assessment, capital stock, flow, and value, and engaging stakeholders in the decision-making process.
The third module provides guidance on getting started with a natural capital assessment, defining the objective, and determining the appropriate scope. Learners will explore scoping a natural capital assessment and defining materiality.
Module four focuses on measuring and valuing impacts and dependencies to integrate natural capital in decision-making. Learners will understand how to measure and value impacts, apply the knowledge to inform business decisions, and communicate the results.
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