Details

  • Service: Advisory, Risk Consulting, Climate Change & Sustainability Services, Special Interests, Climate Change
  • Type: Survey report
  • Date: 20/11/2012

Is natural capital a material issue? 

ACCA (The Association of Chartered Certified Accountants), KPMG and Fauna & Flora International have investigated the concept and existing risk of materiality in light of the increasing significance of natural capital.
Is natural capital a material issue cover
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It involved a survey of over 200 accountancy professionals, interviews with CFOs and senior management from 8 major companies, a disclosure survey of corporate reporting by 40 organisations in specific sectors, and desk based research into relevant literature and work in the field.

 

Key insights

  • 60 percent of respondents agreed that the natural world was important to their business.
  • More than half of the respondents had included natural capital issues in their company’s business risk evaluations at some point.
  • Nearly half (49 percent) of respondents identified natural capital as a material issue for their business and linked it to operational, regulatory, reputational and financial risks.
 

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