“This paper argues that a solid accounting
foundation is required for these to be able to effectively incorporate the broader and longer term social and environmental consequences of corporate decision-making. To support this
argument, this paper first provides a brief review of Natural Capital accounting
methods and main reporting practices.
Based on this analysis, the paper proposes
the key principles and methodological foundations for an Integrated Financial –
Natural Capital Accounting and Reporting
Framework which can be used to fulfil the
aspirations of IR guidelines.”